3,101 Shares in Honeywell International Inc. $HON Acquired by BLVD Private Wealth LLC

BLVD Private Wealth LLC purchased a new stake in shares of Honeywell International Inc. (NASDAQ:HON) in the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 3,101 shares of the conglomerate’s stock, valued at approximately $722,000.

A number of other hedge funds also recently bought and sold shares of HON. Laurel Wealth Advisors LLC lifted its stake in shares of Honeywell International by 23,503.0% in the second quarter. Laurel Wealth Advisors LLC now owns 3,716,532 shares of the conglomerate’s stock worth $865,506,000 after buying an additional 3,700,786 shares in the last quarter. Wellington Management Group LLP raised its holdings in Honeywell International by 8.9% in the 1st quarter. Wellington Management Group LLP now owns 15,751,951 shares of the conglomerate’s stock worth $3,335,476,000 after acquiring an additional 1,293,137 shares during the last quarter. Alliancebernstein L.P. lifted its position in Honeywell International by 64.6% in the 1st quarter. Alliancebernstein L.P. now owns 2,652,344 shares of the conglomerate’s stock valued at $561,634,000 after acquiring an additional 1,041,273 shares in the last quarter. Vista Cima Wealth Management LLC purchased a new stake in Honeywell International during the 1st quarter valued at $164,000. Finally, Kingstone Capital Partners Texas LLC purchased a new position in shares of Honeywell International in the second quarter worth $140,816,000. Institutional investors own 75.91% of the company’s stock.

Honeywell International Price Performance

NASDAQ:HON opened at $193.66 on Friday. The business’s 50-day simple moving average is $199.27 and its two-hundred day simple moving average is $214.33. Honeywell International Inc. has a 52 week low of $169.21 and a 52 week high of $228.04. The stock has a market cap of $122.95 billion, a PE ratio of 20.41, a P/E/G ratio of 2.59 and a beta of 0.96. 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 (NASDAQ:HON) last released its earnings results on Monday, December 11th. The conglomerate reported $2.25 earnings per share (EPS) for the quarter. Honeywell International had a return on equity of 38.11% and a net margin of 15.07%.The firm had revenue of $8.95 billion during the quarter. 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. As a group, analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 5th. Investors of record on Friday, November 14th were given a dividend of $1.19 per share. 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%. The ex-dividend date was Friday, November 14th. Honeywell International’s dividend payout ratio (DPR) is currently 50.16%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on HON shares. Barclays reduced their price objective on Honeywell International from $270.00 to $269.00 and set an “overweight” rating for the company in a report on Thursday, December 4th. Weiss Ratings reissued a “hold (c+)” rating on shares of Honeywell International in a report on Monday, December 1st. BNP Paribas upgraded shares of Honeywell International to a “hold” rating in a report on Wednesday, December 3rd. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Honeywell International from $265.00 to $264.00 and set a “buy” rating for the company in a research note on Monday, December 8th. Finally, Bank of America restated an “underperform” rating and issued a $205.00 price target (down from $265.00) on shares of Honeywell International in a research note on Tuesday, November 18th. Seven analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $235.44.

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.