Boyd Watterson Asset Management LLC OH Raises Stake in Honeywell International Inc. $HON

Boyd Watterson Asset Management LLC OH raised its position in Honeywell International Inc. (NASDAQ:HON) by 1.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,956 shares of the conglomerate’s stock after buying an additional 433 shares during the quarter. Honeywell International comprises about 2.3% of Boyd Watterson Asset Management LLC OH’s holdings, making the stock its 10th largest position. Boyd Watterson Asset Management LLC OH’s holdings in Honeywell International were worth $7,442,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Chung Wu Investment Group LLC bought a new stake in shares of Honeywell International during the 2nd quarter valued at $26,000. RMG Wealth Management LLC purchased a new position in shares of Honeywell International in the 2nd quarter worth about $33,000. Activest Wealth Management boosted its holdings 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 purchasing an additional 115 shares in the last quarter. Pandora Wealth Inc. purchased a new position in shares of Honeywell International in the 1st quarter worth about $33,000. Finally, Dogwood Wealth Management LLC boosted its holdings in Honeywell International by 143.9% during the 2nd quarter. Dogwood Wealth Management LLC now owns 161 shares of the conglomerate’s stock valued at $39,000 after acquiring an additional 95 shares during the period. 75.91% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Lucian Boldea sold 42,149 shares of the 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 transaction, the chief executive officer 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 accessible through the SEC website. Corporate insiders own 0.41% of the company’s stock.

Analyst Ratings Changes

HON has been the subject of several analyst reports. TD Cowen dropped their target price on Honeywell International from $260.00 to $250.00 in a report on Tuesday, October 7th. Wells Fargo & Company increased their target price on Honeywell International from $220.00 to $230.00 and gave the company an “equal weight” rating in a report on Friday. Rothschild & Co Redburn dropped their target price on Honeywell International from $240.00 to $222.00 and set a “neutral” rating for the company in a report on Monday. Jefferies Financial Group dropped their target price on Honeywell International from $240.00 to $230.00 and set a “hold” rating for the company in a report on Tuesday, October 7th. Finally, Robert W. Baird dropped their target price on Honeywell International from $250.00 to $220.00 and set a “neutral” rating for the company in a report on Monday, October 13th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $250.88.

Honeywell International Trading Down 0.5%

HON opened at $215.07 on Tuesday. The business has a 50 day simple moving average of $212.01 and a two-hundred day simple moving average of $217.90. The firm has a market capitalization of $136.55 billion, a price-to-earnings ratio of 22.66, a PEG ratio of 2.64 and a beta of 1.06. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.36 and a quick ratio of 1.04. Honeywell International Inc. has a one year low of $179.36 and a one year high of $242.77.

Honeywell International (NASDAQ:HON) last announced its earnings results on Monday, December 11th. The conglomerate reported $2.25 earnings per share (EPS) for the quarter. Honeywell International had a return on equity of 38.11% and a net margin of 15.07%.The firm 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. Analysts predict 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. Stockholders of record on Friday, November 14th will be given a $1.19 dividend. The ex-dividend date of this dividend is Friday, November 14th. This represents a $4.76 annualized dividend and a dividend yield of 2.2%. This is an increase from Honeywell International’s previous quarterly dividend of $1.13. Honeywell International’s dividend payout ratio is currently 47.63%.

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.