Rossby Financial LCC Purchases 188 Shares of Honeywell International Inc. $HON

Rossby Financial LCC boosted its position in Honeywell International Inc. (NASDAQ:HON) by 19.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,169 shares of the conglomerate’s stock after acquiring an additional 188 shares during the quarter. Rossby Financial LCC’s holdings in Honeywell International were worth $272,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of HON. Brighton Jones LLC increased its holdings in shares of Honeywell International by 9.1% in the fourth quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate’s stock worth $4,302,000 after buying an additional 1,582 shares during the period. Sovran Advisors LLC purchased a new position in shares of Honeywell International in the first quarter worth about $208,000. Monument Capital Management increased its holdings in shares of Honeywell International by 8.9% in the first quarter. Monument Capital Management now owns 1,014 shares of the conglomerate’s stock worth $215,000 after buying an additional 83 shares during the period. MorganRosel Wealth Management LLC purchased a new position in shares of Honeywell International in the first quarter worth about $60,000. Finally, Koshinski Asset Management Inc. increased its holdings in shares of Honeywell International by 1.7% in the first quarter. Koshinski Asset Management Inc. now owns 5,798 shares of the conglomerate’s stock worth $1,228,000 after buying an additional 98 shares during the period. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Stock Down 0.3%

Shares of NASDAQ:HON opened at $214.41 on Wednesday. Honeywell International Inc. has a 1 year low of $179.36 and a 1 year high of $242.77. The company has a market cap of $136.13 billion, a PE ratio of 22.59, a P/E/G ratio of 2.82 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. The stock’s 50-day moving average is $211.97 and its 200 day moving average is $218.05.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings data on Monday, December 11th. The conglomerate reported $2.25 earnings per share for the quarter. The business had revenue of $8.95 billion for the quarter. Honeywell International had a return on equity of 38.11% and a net margin of 15.07%. Honeywell International has set its Q4 2023 guidance at 2.530-2.630 EPS. FY 2023 guidance at 9.100-9.200 EPS. Sell-side analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 14th will be given a dividend of $1.19 per share. This represents a $4.76 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Friday, November 14th. This is a positive change from Honeywell International’s previous quarterly dividend of $1.13. Honeywell International’s payout ratio is presently 47.63%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on HON. Royal Bank Of Canada upgraded Honeywell International from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from $235.00 to $253.00 in a report on Monday. Deutsche Bank Aktiengesellschaft reduced their price target on Honeywell International from $271.00 to $265.00 and set a “buy” rating on the stock in a report on Friday, October 24th. Jefferies Financial Group reduced their price target on Honeywell International from $240.00 to $230.00 and set a “hold” rating on the stock in a report on Tuesday, October 7th. Robert W. Baird reduced their price target on Honeywell International from $250.00 to $220.00 and set a “neutral” rating on the stock in a report on Monday, October 13th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Honeywell International in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $250.25.

Insiders Place Their Bets

In other Honeywell International news, CEO Lucian Boldea sold 42,149 shares of Honeywell International stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $221.58, for a total transaction 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. The trade was a 80.31% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.41% of the company’s stock.

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.