Pavion Blue Capital LLC Acquires 750 Shares of Honeywell International Inc. $HON

Pavion Blue Capital LLC grew its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 56.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,077 shares of the conglomerate’s stock after buying an additional 750 shares during the period. Pavion Blue Capital LLC’s holdings in Honeywell International were worth $484,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of 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 bought a new position in Honeywell International in the 2nd quarter worth about $33,000. Activest Wealth Management boosted its stake in 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. bought a new position in Honeywell International in the 1st quarter worth about $33,000. Finally, Dogwood Wealth Management LLC boosted its stake in Honeywell International by 143.9% in the 2nd quarter. Dogwood Wealth Management LLC now owns 161 shares of the conglomerate’s stock worth $39,000 after purchasing an additional 95 shares in the last quarter. Institutional investors own 75.91% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on HON shares. Robert W. Baird dropped 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. Jefferies Financial Group dropped 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 dropped their price target on shares of Honeywell International from $260.00 to $250.00 in a research note on Tuesday, October 7th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Honeywell International in a research note on Wednesday, October 8th. Finally, Barclays upped their price target on shares of Honeywell International from $265.00 to $270.00 and gave the stock an “overweight” rating in a research note on Friday. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $250.88.

Insider Buying and Selling at Honeywell International

In other news, CEO Lucian Boldea sold 42,149 shares of the stock in a transaction that occurred on 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 owned 10,334 shares in the company, valued at $2,289,807.72. This represents a 80.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.41% of the stock is owned by company insiders.

Honeywell International Price Performance

Shares of NASDAQ:HON opened at $215.07 on Tuesday. The firm’s 50 day moving average price is $212.01 and its 200-day moving average price is $217.90. 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 1.04, a current ratio of 1.36 and a debt-to-equity ratio of 1.70. The stock has a market capitalization of $136.55 billion, a PE ratio of 22.66, a price-to-earnings-growth ratio of 2.64 and a beta of 1.06.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings data on Monday, December 11th. The conglomerate reported $2.25 earnings per share for the quarter. Honeywell International had a net margin of 15.07% and a return on equity of 38.11%. 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. Equities research analysts expect that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 14th will be paid a $1.19 dividend. This is a boost from Honeywell International’s previous quarterly dividend of $1.13. The ex-dividend date is Friday, November 14th. This represents a $4.76 annualized dividend and a dividend yield of 2.2%. Honeywell International’s dividend payout ratio (DPR) is currently 47.63%.

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.