Stratos Wealth Partners LTD. Grows Stock Holdings in Honeywell International Inc. $HON

Stratos Wealth Partners LTD. lifted its position in shares of Honeywell International Inc. (NASDAQ:HON) by 1.4% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 33,300 shares of the conglomerate’s stock after buying an additional 444 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Honeywell International were worth $7,755,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of HON. Brighton Jones LLC lifted its stake in shares of Honeywell International by 9.1% during the 4th quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate’s stock valued at $4,302,000 after buying an additional 1,582 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Honeywell International by 9.7% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 334,145 shares of the conglomerate’s stock valued at $70,755,000 after buying an additional 29,504 shares in the last quarter. Boston Trust Walden Corp lifted its stake in Honeywell International by 1.4% in the 1st quarter. Boston Trust Walden Corp now owns 15,037 shares of the conglomerate’s stock worth $3,184,000 after purchasing an additional 213 shares in the last quarter. Walter & Keenan Wealth Management LLC IN ADV lifted its stake in Honeywell International by 2.2% in the 1st quarter. Walter & Keenan Wealth Management LLC IN ADV now owns 6,615 shares of the conglomerate’s stock worth $1,401,000 after purchasing an additional 142 shares in the last quarter. Finally, Good Steward Wealth Advisors LLC purchased a new stake in Honeywell International in the 1st quarter worth $228,000. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on HON shares. Barclays boosted their price target on shares of Honeywell International from $258.00 to $265.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 9th. Jefferies Financial Group decreased their price target on shares of Honeywell International from $240.00 to $230.00 and set a “hold” rating on the stock in a research note on Tuesday, October 7th. TD Cowen decreased their price target on shares of Honeywell International from $260.00 to $250.00 in a research note on Tuesday, October 7th. JPMorgan Chase & Co. decreased their price target on shares of Honeywell International from $222.00 to $212.00 and set a “neutral” rating on the stock in a research note on Wednesday. Finally, Robert W. Baird decreased their price target on shares of Honeywell International from $250.00 to $220.00 and set a “neutral” rating on the stock in a research note on Monday, October 13th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, Honeywell International currently has an average rating of “Moderate Buy” and a consensus target price of $251.67.

Insider Buying and Selling

In related news, CEO Lucian Boldea sold 42,149 shares of the company’s stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $221.58, for a total transaction of $9,339,375.42. Following the transaction, the chief executive officer directly owned 10,334 shares in the company, valued at approximately $2,289,807.72. This represents a 80.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.20% of the company’s stock.

Honeywell International Stock Performance

Honeywell International stock opened at $202.96 on Friday. The company’s 50-day moving average price is $212.63 and its 200-day moving average price is $216.91. Honeywell International Inc. has a twelve month low of $179.36 and a twelve month high of $242.77. The company has a quick ratio of 0.97, a current ratio of 1.29 and a debt-to-equity ratio of 1.81. The company has a market cap of $128.86 billion, a PE ratio of 23.09, a price-to-earnings-growth ratio of 2.28 and a beta of 1.06.

Honeywell International (NASDAQ:HON) last posted its earnings results on Monday, December 11th. The conglomerate reported $2.25 earnings per share for the quarter. Honeywell International had a net margin of 14.30% and a return on equity of 37.37%. The firm 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, equities research analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Friday, November 14th will be issued a dividend of $1.19 per share. This represents a $4.76 annualized dividend and a yield of 2.3%. The ex-dividend date is Friday, November 14th. This is a positive change from Honeywell International’s previous quarterly dividend of $1.13. Honeywell International’s payout ratio is currently 54.15%.

Honeywell International Profile

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.