Summit Wealth & Retirement Planning Inc. Acquires Shares of 880 Honeywell International Inc. $HON

Summit Wealth & Retirement Planning Inc. bought a new stake in Honeywell International Inc. (NASDAQ:HON) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 880 shares of the conglomerate’s stock, valued at approximately $205,000.

A number of other large investors have also recently bought and sold shares of the business. Brighton Jones LLC increased its stake in 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 in the last quarter. Alps Advisors Inc. grew its holdings in Honeywell International by 1.0% in the first quarter. Alps Advisors Inc. now owns 25,935 shares of the conglomerate’s stock valued at $5,492,000 after purchasing an additional 269 shares during the last quarter. Cerity Partners LLC increased its position in shares of Honeywell International by 13.1% in the first quarter. Cerity Partners LLC now owns 494,424 shares of the conglomerate’s stock valued at $104,694,000 after buying an additional 57,296 shares in the last quarter. MJP Associates Inc. ADV increased its position in shares of Honeywell International by 30.1% in the first quarter. MJP Associates Inc. ADV now owns 1,302 shares of the conglomerate’s stock valued at $276,000 after buying an additional 301 shares in the last quarter. Finally, Country Club Bank raised its stake in shares of Honeywell International by 7.5% during the 1st quarter. Country Club Bank now owns 5,136 shares of the conglomerate’s stock worth $1,080,000 after buying an additional 359 shares during the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Trading Down 0.9%

Shares of HON opened at $194.07 on Friday. Honeywell International Inc. has a twelve month low of $179.36 and a twelve month high of $242.77. The firm has a market capitalization of $123.21 billion, a P/E ratio of 20.45, a price-to-earnings-growth ratio of 2.73 and a beta of 1.07. The company has a current ratio of 1.36, a quick ratio of 1.04 and a debt-to-equity ratio of 1.70. The stock’s fifty day simple moving average is $208.63 and its 200 day simple moving average is $218.04.

Honeywell International (NASDAQ:HON) last released its quarterly earnings data on Monday, December 11th. The conglomerate reported $2.25 earnings per share (EPS) for the quarter. Honeywell International had a net margin of 15.07% and a return on equity of 38.11%. The company had revenue of $8.95 billion during 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. On average, equities research analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current 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 given a dividend of $1.19 per share. 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. This represents a $4.76 dividend on an annualized basis and a dividend yield of 2.5%. Honeywell International’s dividend payout ratio is presently 50.16%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on HON shares. Jefferies Financial Group lowered their price objective on shares of Honeywell International from $230.00 to $220.00 in a research note on Monday, November 3rd. JPMorgan Chase & Co. increased their price target on shares of Honeywell International from $212.00 to $218.00 and gave the company a “neutral” rating in a research report on Friday, October 24th. 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 research report on Monday, October 27th. Deutsche Bank Aktiengesellschaft reduced their target price 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, Weiss Ratings reiterated a “buy (b-)” rating on shares of Honeywell International in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $249.63.

Insider Activity at Honeywell International

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 in the company, valued at $2,289,807.72. The trade was a 80.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.20% 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.