Syntegra Private Wealth Group LLC Boosts Stake in Honeywell International Inc. $HON

Syntegra Private Wealth Group LLC lifted its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 23.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,313 shares of the conglomerate’s stock after acquiring an additional 250 shares during the period. Syntegra Private Wealth Group LLC’s holdings in Honeywell International were worth $306,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Liberty One Investment Management LLC boosted its stake in Honeywell International by 2.6% during the 2nd quarter. Liberty One Investment Management LLC now owns 22,652 shares of the conglomerate’s stock worth $5,275,000 after purchasing an additional 577 shares during the period. Triton Financial Group Inc acquired a new stake in shares of Honeywell International during the second quarter worth about $1,001,000. Pittenger & Anderson Inc. boosted its stake in shares of Honeywell International by 5.3% during the second quarter. Pittenger & Anderson Inc. now owns 72,314 shares of the conglomerate’s stock worth $16,840,000 after buying an additional 3,638 shares during the period. Phoenix Financial Ltd. grew its holdings in shares of Honeywell International by 11.1% during the second quarter. Phoenix Financial Ltd. now owns 8,823 shares of the conglomerate’s stock worth $2,053,000 after buying an additional 883 shares during the last quarter. Finally, Schnieders Capital Management LLC increased its position in Honeywell International by 18.3% in the 2nd quarter. Schnieders Capital Management LLC now owns 7,920 shares of the conglomerate’s stock valued at $1,844,000 after acquiring an additional 1,223 shares during the period. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Trading Up 1.5%

Shares of HON opened at $206.03 on Tuesday. Honeywell International Inc. has a twelve month low of $179.36 and a twelve month high of $242.77. The company has a current ratio of 1.29, a quick ratio of 0.97 and a debt-to-equity ratio of 1.81. The firm has a market capitalization of $130.81 billion, a P/E ratio of 23.44, a PEG ratio of 2.52 and a beta of 1.06. The firm’s 50-day moving average is $212.43 and its two-hundred day moving average is $217.09.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings results on Monday, December 11th. The conglomerate reported $2.25 EPS for the quarter. The business had revenue of $8.95 billion for the quarter. Honeywell International had a return on equity of 37.37% and a net margin of 14.30%. 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 predict that Honeywell International Inc. will post 10.34 earnings per share 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. Stockholders of record on Friday, November 14th will be paid a dividend of $1.19 per share. This is a boost 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 annualized dividend and a dividend yield of 2.3%. Honeywell International’s dividend payout ratio is presently 54.15%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on HON. Wells Fargo & Company lowered their target price on Honeywell International from $230.00 to $220.00 and set an “equal weight” rating on the stock in a research note on Monday, October 6th. JPMorgan Chase & Co. decreased their price target on Honeywell International from $222.00 to $212.00 and set a “neutral” rating for the company in a report on Wednesday, October 15th. Barclays boosted their price objective on shares of Honeywell International from $258.00 to $265.00 and gave the company an “overweight” rating in a research note on Wednesday, July 9th. Robert W. Baird reduced their target price on shares of Honeywell International from $250.00 to $220.00 and set a “neutral” rating for the company in a research note on Monday, October 13th. Finally, Royal Bank Of Canada dropped their price target on shares of 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. One 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 MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $251.67.

Insider Activity at Honeywell International

In related news, CEO Lucian Boldea sold 42,149 shares of the stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $221.58, for a total value of $9,339,375.42. Following the sale, the chief executive officer directly owned 10,334 shares of the company’s stock, valued at approximately $2,289,807.72. This represents a 80.31% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.20% of the stock is owned by corporate insiders.

About Honeywell International

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.