Telos Capital Management Inc. Has $9.82 Million Position in Honeywell International Inc. $HON

Telos Capital Management Inc. boosted its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 3.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 42,160 shares of the conglomerate’s stock after buying an additional 1,428 shares during the quarter. Telos Capital Management Inc.’s holdings in Honeywell International were worth $9,818,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC lifted its stake in shares of Honeywell International by 9.1% in the 4th quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate’s stock valued at $4,302,000 after purchasing an additional 1,582 shares during the period. World Investment Advisors lifted its stake in shares of Honeywell International by 1.0% in the 1st quarter. World Investment Advisors now owns 22,600 shares of the conglomerate’s stock valued at $4,786,000 after purchasing an additional 213 shares during the period. Concurrent Investment Advisors LLC lifted its stake in shares of Honeywell International by 41.2% in the 1st quarter. Concurrent Investment Advisors LLC now owns 31,155 shares of the conglomerate’s stock valued at $6,597,000 after purchasing an additional 9,087 shares during the period. Vickerman Investment Advisors Inc. lifted its stake in shares of Honeywell International by 15.2% in the 1st quarter. Vickerman Investment Advisors Inc. now owns 17,649 shares of the conglomerate’s stock valued at $3,737,000 after purchasing an additional 2,334 shares during the period. Finally, Sierra Ocean LLC lifted its stake in shares of Honeywell International by 453.1% in the 1st quarter. Sierra Ocean LLC now owns 271 shares of the conglomerate’s stock valued at $57,000 after purchasing an additional 222 shares during the period. 75.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on HON. Barclays boosted their price objective on Honeywell International from $265.00 to $270.00 and gave the company an “overweight” rating in a research note on Friday, October 24th. Citigroup boosted their price objective on Honeywell International from $265.00 to $267.00 and gave the company a “buy” rating in a research note on Friday, October 24th. TD Cowen dropped their price target on Honeywell International from $260.00 to $250.00 in a research note on Tuesday, October 7th. Deutsche Bank Aktiengesellschaft dropped their price target on Honeywell International from $271.00 to $265.00 and set a “buy” rating on the stock in a research note on Friday, October 24th. Finally, JPMorgan Chase & Co. upped their price target on Honeywell International from $212.00 to $218.00 and gave the stock a “neutral” rating in a research note on Friday, October 24th. 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. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $250.25.

Honeywell International Stock Performance

Shares of HON opened at $201.33 on Monday. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.04 and a current ratio of 1.36. The stock has a 50 day moving average price of $211.11 and a two-hundred day moving average price of $218.34. The firm has a market capitalization of $127.82 billion, a P/E ratio of 21.21, a P/E/G ratio of 2.73 and a beta of 1.06. Honeywell International Inc. has a 52 week low of $179.36 and a 52 week high of $242.77.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings data on Monday, December 11th. The conglomerate reported $2.25 EPS for the quarter. The firm had revenue of $8.95 billion during 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. Equities analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 14th will be issued a $1.19 dividend. This is a boost from Honeywell International’s previous quarterly dividend of $1.13. This represents a $4.76 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Friday, November 14th. Honeywell International’s dividend payout ratio is currently 50.16%.

Insider Activity

In other news, CEO Lucian Boldea sold 42,149 shares of the company’s 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 directly owned 10,334 shares of the company’s stock, valued at $2,289,807.72. This represents a 80.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.20% of the stock is currently owned by corporate insiders.

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.