Swan Global Investments LLC Buys Shares of 954 Honeywell International Inc. $HON

Swan Global Investments LLC bought a new stake in shares of Honeywell International Inc. (NASDAQ:HON) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 954 shares of the conglomerate’s stock, valued at approximately $222,000.

Several other large investors have also modified their holdings of the business. Chicago Partners Investment Group LLC boosted its position in shares of Honeywell International by 13.0% during the second quarter. Chicago Partners Investment Group LLC now owns 4,270 shares of the conglomerate’s stock valued at $1,022,000 after buying an additional 491 shares during the period. Sigma Investment Counselors Inc. boosted its position in shares of Honeywell International by 4.0% during the second quarter. Sigma Investment Counselors Inc. now owns 1,794 shares of the conglomerate’s stock valued at $418,000 after buying an additional 69 shares during the period. BKM Wealth Management LLC boosted its position in shares of Honeywell International by 5.8% during the second quarter. BKM Wealth Management LLC now owns 1,932 shares of the conglomerate’s stock valued at $450,000 after buying an additional 106 shares during the period. International Assets Investment Management LLC boosted its position in shares of Honeywell International by 0.4% during the second quarter. International Assets Investment Management LLC now owns 156,729 shares of the conglomerate’s stock valued at $36,499,000 after buying an additional 686 shares during the period. Finally, Novare Capital Management LLC boosted its position in shares of Honeywell International by 1.0% during the second quarter. Novare Capital Management LLC now owns 58,409 shares of the conglomerate’s stock valued at $13,602,000 after buying an additional 568 shares during the period. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Wall Street Analysts Forecast Growth

HON has been the subject of several research analyst reports. Royal Bank Of Canada decreased their price target on shares of Honeywell International from $254.00 to $253.00 and set a “sector perform” rating for the company in a research note on Friday, July 25th. Jefferies Financial Group decreased their price target on shares of Honeywell International from $240.00 to $230.00 and set a “hold” rating for the company in a research note on Tuesday, October 7th. JPMorgan Chase & Co. decreased their price target on shares of Honeywell International from $222.00 to $212.00 and set a “neutral” rating for the company in a research note on Wednesday, October 15th. TD Cowen decreased their price target on shares of Honeywell International from $260.00 to $250.00 in a research note on Tuesday, October 7th. Finally, Morgan Stanley lifted their price target on shares of Honeywell International from $225.00 to $245.00 and gave the company an “equal weight” rating in a research note on Monday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $251.67.

Honeywell International Stock Performance

Shares of NASDAQ:HON opened at $202.96 on Monday. The company has a market capitalization of $128.86 billion, a price-to-earnings ratio of 23.09, a price-to-earnings-growth ratio of 2.52 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. The company has a quick ratio of 0.97, a current ratio of 1.29 and a debt-to-equity ratio of 1.81. The firm has a 50 day moving average of $212.63 and a 200 day moving average of $216.98.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings data on Monday, December 11th. The conglomerate reported $2.25 EPS for the quarter. The company had revenue of $8.95 billion during the quarter. Honeywell International had a net margin of 14.30% and a return on equity of 37.37%. Honeywell International has set its Q4 2023 guidance at 2.530-2.630 EPS. FY 2023 guidance at 9.100-9.200 EPS. On average, sell-side analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 14th will be given a dividend of $1.19 per share. The ex-dividend date of this dividend is Friday, November 14th. This is a boost from Honeywell International’s previous quarterly dividend of $1.13. This represents a $4.76 dividend on an annualized basis and a dividend yield of 2.3%. Honeywell International’s payout ratio is currently 51.42%.

Insider Activity

In other news, CEO Lucian Boldea sold 42,149 shares of the company’s stock in a transaction 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 transaction, the chief executive officer directly owned 10,334 shares of the company’s stock, valued at approximately $2,289,807.72. This represents a 80.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.41% of the company’s stock.

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.