Burling Wealth Partners LLC Buys 2,541 Shares of Honeywell International Inc. $HON

Burling Wealth Partners LLC boosted its position in Honeywell International Inc. (NASDAQ:HON) by 8.7% during the second quarter, Holdings Channel reports. The fund owned 31,682 shares of the conglomerate’s stock after acquiring an additional 2,541 shares during the period. Honeywell International comprises 1.4% of Burling Wealth Partners LLC’s holdings, making the stock its 19th biggest holding. Burling Wealth Partners LLC’s holdings in Honeywell International were worth $7,378,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Hibernia Wealth Partners LLC purchased a new position in shares of Honeywell International in the 2nd quarter worth about $363,000. Clearstead Trust LLC lifted its position in Honeywell International by 4.1% in the 2nd quarter. Clearstead Trust LLC now owns 7,742 shares of the conglomerate’s stock worth $1,803,000 after buying an additional 304 shares during the last quarter. Schwarz Dygos Wheeler Investment Advisors LLC boosted its stake in Honeywell International by 5.3% in the second quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 12,099 shares of the conglomerate’s stock worth $2,818,000 after buying an additional 608 shares in the last quarter. Fiera Capital Corp grew its position in Honeywell International by 77.6% during the second quarter. Fiera Capital Corp now owns 24,778 shares of the conglomerate’s stock valued at $5,770,000 after acquiring an additional 10,829 shares during the last quarter. Finally, Cherokee Insurance Co purchased a new position in shares of Honeywell International during the second quarter worth approximately $245,000. Institutional investors own 75.91% of the company’s stock.

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 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 completion of 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on HON shares. TD Cowen cut their price objective on shares of Honeywell International from $250.00 to $240.00 and set a “buy” rating for the company in a research note on Monday. Morgan Stanley cut their price target on shares of Honeywell International from $245.00 to $235.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 28th. Weiss Ratings cut Honeywell International from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, November 7th. HSBC lowered their target price on Honeywell International from $290.00 to $266.00 and set a “buy” rating for the company in a research note on Tuesday. Finally, 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 research report on Monday, October 13th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $244.13.

Honeywell International Stock Down 0.9%

NASDAQ HON opened at $199.87 on Friday. 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 has a market capitalization of $126.89 billion, a PE ratio of 21.06, a PEG ratio of 2.73 and a beta of 1.07. Honeywell International Inc. has a 1 year low of $169.21 and a 1 year high of $228.04. The business’s 50-day moving average is $207.26 and its 200 day moving average is $218.06.

Honeywell International (NASDAQ:HON) last released its quarterly earnings results on Monday, December 11th. The conglomerate reported $2.25 EPS for the quarter. The business 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. Sell-side analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Friday, November 14th will be issued a $1.19 dividend. This represents a $4.76 annualized dividend and a yield of 2.4%. This is an increase from Honeywell International’s previous quarterly dividend of $1.13. The ex-dividend date is Friday, November 14th. Honeywell International’s dividend payout ratio (DPR) is presently 50.16%.

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.