Honeywell International Inc. $HON Shares Acquired by St. James Investment Company LLC

St. James Investment Company LLC lifted its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 0.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 74,604 shares of the conglomerate’s stock after purchasing an additional 581 shares during the quarter. Honeywell International comprises about 2.8% of St. James Investment Company LLC’s investment portfolio, making the stock its 15th largest position. St. James Investment Company LLC’s holdings in Honeywell International were worth $17,374,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in HON. Chung Wu Investment Group LLC acquired a new position in shares of Honeywell International during the 2nd quarter worth $26,000. Pandora Wealth Inc. acquired a new position in shares of Honeywell International during the 1st quarter worth $33,000. RMG Wealth Management LLC acquired a new position in shares of Honeywell International during the 2nd quarter worth $33,000. Activest Wealth Management boosted its position in shares of Honeywell International by 425.9% in the 2nd quarter. Activest Wealth Management now owns 142 shares of the conglomerate’s stock worth $33,000 after buying an additional 115 shares in the last quarter. Finally, 1248 Management LLC purchased a new stake in shares of Honeywell International in the 1st quarter worth about $38,000. 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 company’s 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.41% of the company’s stock.

Honeywell International Price Performance

NASDAQ:HON opened at $209.08 on Wednesday. The firm has a market cap of $132.74 billion, a price-to-earnings ratio of 23.79, a price-to-earnings-growth ratio of 2.56 and a beta of 1.06. 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 company’s 50-day moving average is $212.27 and its two-hundred day moving average is $217.03. Honeywell International Inc. has a 12-month low of $179.36 and a 12-month high of $242.77.

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

Honeywell International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 14th will be issued a $1.19 dividend. This is a positive change from Honeywell International’s previous quarterly dividend of $1.13. The ex-dividend date is Friday, November 14th. This represents a $4.76 dividend on an annualized basis and a yield of 2.3%. Honeywell International’s payout ratio is currently 51.42%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on HON shares. Robert W. Baird decreased their price objective on shares of Honeywell International from $250.00 to $220.00 and set a “neutral” rating on the stock in a research report on Monday, October 13th. Morgan Stanley boosted their price objective on shares of Honeywell International from $225.00 to $245.00 and gave the stock an “equal weight” rating in a research report on Monday, July 28th. Jefferies Financial Group decreased their price objective on shares of Honeywell International from $240.00 to $230.00 and set a “hold” rating on the stock in a research report on Tuesday, October 7th. Wells Fargo & Company decreased their price objective on shares of Honeywell International from $230.00 to $220.00 and set an “equal weight” rating on the stock in a research report on Monday, October 6th. Finally, Royal Bank Of Canada decreased their price objective on shares of Honeywell International from $254.00 to $253.00 and set a “sector perform” rating on the stock in a research report on Friday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $251.67.

Honeywell International Company 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.