Honeywell International Inc. $HON Shares Acquired by Angeles Wealth Management LLC

Angeles Wealth Management LLC grew its holdings in Honeywell International Inc. (NASDAQ:HONFree Report) by 8.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,548 shares of the conglomerate’s stock after acquiring an additional 205 shares during the quarter. Angeles Wealth Management LLC’s holdings in Honeywell International were worth $593,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Red Door Wealth Management LLC raised its stake in shares of Honeywell International by 2.6% in the first quarter. Red Door Wealth Management LLC now owns 29,090 shares of the conglomerate’s stock worth $6,160,000 after purchasing an additional 736 shares during the last quarter. Amundi raised its stake in shares of Honeywell International by 30.2% in the first quarter. Amundi now owns 519,882 shares of the conglomerate’s stock worth $107,450,000 after purchasing an additional 120,706 shares during the last quarter. Spinnaker Trust raised its stake in shares of Honeywell International by 2.4% in the first quarter. Spinnaker Trust now owns 11,598 shares of the conglomerate’s stock worth $2,456,000 after purchasing an additional 276 shares during the last quarter. Baxter Bros Inc. raised its stake in shares of Honeywell International by 14.6% in the second quarter. Baxter Bros Inc. now owns 35,733 shares of the conglomerate’s stock worth $8,321,000 after purchasing an additional 4,543 shares during the last quarter. Finally, Integrated Wealth Concepts LLC raised its position in Honeywell International by 11.4% during the first quarter. Integrated Wealth Concepts LLC now owns 28,502 shares of the conglomerate’s stock valued at $6,035,000 after acquiring an additional 2,915 shares in the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Stock Performance

NASDAQ HON opened at $202.96 on Friday. The stock’s fifty day moving average is $212.63 and its two-hundred day moving average is $216.91. The firm has a market capitalization of $128.86 billion, a P/E ratio of 23.09, a price-to-earnings-growth ratio of 2.28 and a beta of 1.06. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.97 and a current ratio of 1.29. Honeywell International Inc. has a fifty-two week low of $179.36 and a fifty-two week high of $242.77.

Honeywell International (NASDAQ:HONGet Free Report) last released its quarterly earnings data on Monday, December 11th. The conglomerate reported $2.25 earnings per share for the quarter. Honeywell International had a return on equity of 37.37% and a net margin of 14.30%.The company had revenue of $8.95 billion for the quarter. Honeywell International has set its Q4 2023 guidance at 2.530-2.630 EPS. FY 2023 guidance at 9.100-9.200 EPS. On average, research analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 14th will be given a $1.19 dividend. This is an increase from Honeywell International’s previous quarterly dividend of $1.13. This represents a $4.76 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Friday, November 14th. Honeywell International’s dividend payout ratio (DPR) is presently 54.15%.

Wall Street Analysts Forecast Growth

HON has been the subject of several recent research reports. JPMorgan Chase & Co. reduced their price target on Honeywell International from $222.00 to $212.00 and set a “neutral” rating for the company in a research report on Wednesday. Deutsche Bank Aktiengesellschaft lifted their price target on Honeywell International from $268.00 to $271.00 and gave the company a “buy” rating in a research report on Thursday, October 2nd. Wells Fargo & Company reduced their price target on Honeywell International from $230.00 to $220.00 and set an “equal weight” rating for the company in a research report on Monday, October 6th. Jefferies Financial Group reduced their price target on Honeywell International from $240.00 to $230.00 and set a “hold” rating for the company in a research report on Tuesday, October 7th. Finally, Royal Bank Of Canada reduced their price target on Honeywell International from $254.00 to $253.00 and set a “sector perform” rating for the company in a research report on Friday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $251.67.

Check Out Our Latest Report on Honeywell International

Insider Buying and Selling

In other Honeywell International news, CEO Lucian Boldea sold 42,149 shares of Honeywell International stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $221.58, for a total value of $9,339,375.42. Following the sale, the chief executive officer owned 10,334 shares in the company, valued at $2,289,807.72. The trade was a 80.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.20% of the stock is owned by corporate insiders.

Honeywell International Company Profile

(Free Report)

Honeywell International Inc engages in the aerospace technologies, building automation, energy and sustainable solutions, and industrial automation businesses in the United States, Europe, and internationally. The company’s Aerospace segment offers auxiliary power units, propulsion engines, integrated avionics, environmental control and electric power systems, engine controls, flight safety, communications, navigation hardware, data and software applications, radar and surveillance systems, aircraft lighting, advanced systems and instruments, satellite and space components, and aircraft wheels and brakes; spare parts; repair, overhaul, and maintenance services; and thermal systems, as well as wireless connectivity services.

See Also

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Institutional Ownership by Quarter for Honeywell International (NASDAQ:HON)

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