Honeywell International Inc. $HON Shares Acquired by CW Advisors LLC

CW Advisors LLC lifted its holdings in Honeywell International Inc. (NASDAQ:HON) by 10.2% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 40,374 shares of the conglomerate’s stock after purchasing an additional 3,732 shares during the period. CW Advisors LLC’s holdings in Honeywell International were worth $9,403,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in HON. BankPlus Wealth Management LLC raised its stake in shares of Honeywell International by 2.2% in the second quarter. BankPlus Wealth Management LLC now owns 1,986 shares of the conglomerate’s stock valued at $463,000 after acquiring an additional 43 shares in the last quarter. Summit Wealth Group LLC increased its holdings in Honeywell International by 4.3% during the 2nd quarter. Summit Wealth Group LLC now owns 1,115 shares of the conglomerate’s stock worth $260,000 after purchasing an additional 46 shares during the period. Maia Wealth LLC raised its position in Honeywell International by 4.1% in the 1st quarter. Maia Wealth LLC now owns 1,189 shares of the conglomerate’s stock valued at $238,000 after purchasing an additional 47 shares in the last quarter. Capital Advisors Ltd. LLC boosted its stake in shares of Honeywell International by 1.8% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 2,696 shares of the conglomerate’s stock valued at $628,000 after buying an additional 47 shares during the period. Finally, Bar Harbor Wealth Management grew its position in shares of Honeywell International by 0.3% during the second quarter. Bar Harbor Wealth Management now owns 15,192 shares of the conglomerate’s stock worth $3,538,000 after buying an additional 47 shares in the last quarter. 75.91% of the stock is owned by hedge funds and other institutional investors.

Honeywell International Trading Down 0.6%

HON opened at $192.23 on Friday. The company has a quick ratio of 1.04, a current ratio of 1.36 and a debt-to-equity ratio of 1.70. Honeywell International Inc. has a 52 week low of $169.21 and a 52 week high of $228.04. The business’s 50 day moving average is $201.37 and its two-hundred day moving average is $215.71. The firm has a market cap of $122.04 billion, a price-to-earnings ratio of 20.26, a price-to-earnings-growth ratio of 2.63 and a beta of 0.96.

Honeywell International (NASDAQ:HON) last announced its earnings results on Monday, December 11th. The conglomerate reported $2.25 earnings per share (EPS) for the quarter. The business had revenue of $8.95 billion for the quarter. Honeywell International had a net margin of 15.07% and a return on equity of 38.11%. Honeywell International has set its Q4 2023 guidance at 2.530-2.630 EPS and its FY 2023 guidance at 9.100-9.200 EPS. On average, research analysts predict that Honeywell International Inc. will post 10.34 EPS 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 issued a $1.19 dividend. 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 currently 50.16%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on HON shares. TD Cowen decreased their price target 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, November 10th. Citigroup raised their price objective on shares of Honeywell International from $251.56 to $267.00 and gave the company a “buy” rating in a report on Tuesday, November 4th. Bank of America reiterated an “underperform” rating and set a $205.00 target price (down previously from $265.00) on shares of Honeywell International in a research note on Tuesday, November 18th. Weiss Ratings restated a “hold (c+)” rating on shares of Honeywell International in a research note on Monday. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on Honeywell International from $271.00 to $265.00 and set a “buy” rating for the company in a report on Friday, October 24th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Honeywell International presently has a consensus rating of “Moderate Buy” and an average target price of $236.71.

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.