Schnieders Capital Management LLC Has $1.84 Million Stake in Honeywell International Inc. $HON

Schnieders Capital Management LLC boosted its position in Honeywell International Inc. (NASDAQ:HON) by 18.3% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,920 shares of the conglomerate’s stock after purchasing an additional 1,223 shares during the period. Schnieders Capital Management LLC’s holdings in Honeywell International were worth $1,844,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in HON. Townsend & Associates Inc bought a new stake in shares of Honeywell International during the second quarter worth about $202,000. CORDA Investment Management LLC. boosted its position in Honeywell International by 1.8% during the 2nd quarter. CORDA Investment Management LLC. now owns 98,193 shares of the conglomerate’s stock worth $22,867,000 after buying an additional 1,760 shares during the period. Lyell Wealth Management LP grew its holdings in Honeywell International by 1.9% during the 2nd quarter. Lyell Wealth Management LP now owns 52,726 shares of the conglomerate’s stock worth $12,279,000 after acquiring an additional 971 shares during the last quarter. Stephens Inc. AR grew its holdings in Honeywell International by 7.5% during the 2nd quarter. Stephens Inc. AR now owns 29,354 shares of the conglomerate’s stock worth $6,836,000 after acquiring an additional 2,055 shares during the last quarter. Finally, Community Bank of Raymore increased its position in Honeywell International by 7.5% in the 2nd quarter. Community Bank of Raymore now owns 5,763 shares of the conglomerate’s stock valued at $1,342,000 after acquiring an additional 400 shares during the period. 75.91% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Honeywell International

In other Honeywell International news, CEO Lucian Boldea sold 42,149 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer owned 10,334 shares of the company’s stock, valued at approximately $2,289,807.72. This trade represents a 80.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.41% of the company’s stock.

Honeywell International Stock Down 0.1%

Shares of NASDAQ:HON opened at $202.96 on Monday. Honeywell International Inc. has a 1 year low of $179.36 and a 1 year high of $242.77. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.29 and a quick ratio of 0.97. The business’s 50-day moving average is $212.63 and its 200-day moving average is $216.98. The company has a market capitalization of $128.86 billion, a price-to-earnings ratio of 23.09, a P/E/G ratio of 2.52 and a beta of 1.06.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings results on Monday, December 11th. The conglomerate reported $2.25 EPS for the quarter. Honeywell International had a net margin of 14.30% and a return on equity of 37.37%. The business had revenue of $8.95 billion during 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. Equities research analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current 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 paid a dividend of $1.19 per share. This is an increase from Honeywell International’s previous quarterly dividend of $1.13. The ex-dividend date of this dividend is Friday, November 14th. This represents a $4.76 dividend on an annualized basis and a yield of 2.3%. Honeywell International’s dividend payout ratio (DPR) is currently 51.42%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on HON shares. Robert W. Baird cut their price target on shares of Honeywell International from $250.00 to $220.00 and set a “neutral” rating on the stock in a report on Monday, October 13th. Deutsche Bank Aktiengesellschaft lifted their target price on Honeywell International from $268.00 to $271.00 and gave the stock a “buy” rating in a report on Thursday, October 2nd. Jefferies Financial Group decreased their price target on Honeywell International from $240.00 to $230.00 and set a “hold” rating for the company in a research note on Tuesday, October 7th. Royal Bank Of Canada cut their price objective on Honeywell International from $254.00 to $253.00 and set a “sector perform” rating on the stock in a research note on Friday, July 25th. Finally, TD Cowen reduced their target price on Honeywell International from $260.00 to $250.00 in a report on Tuesday, October 7th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $251.67.

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.