Geneos Wealth Management Inc. Purchases 16,043 Shares of Honeywell International Inc. $HON

Geneos Wealth Management Inc. grew its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 61.2% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 42,249 shares of the conglomerate’s stock after purchasing an additional 16,043 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Honeywell International were worth $9,839,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of HON. BankPlus Wealth Management LLC lifted its stake in shares of Honeywell International by 2.2% during the 2nd quarter. BankPlus Wealth Management LLC now owns 1,986 shares of the conglomerate’s stock valued at $463,000 after buying an additional 43 shares in the last quarter. Summit Wealth Group LLC grew its stake in Honeywell International by 4.3% in the 2nd quarter. Summit Wealth Group LLC now owns 1,115 shares of the conglomerate’s stock valued at $260,000 after buying an additional 46 shares in the last quarter. Capital Advisors Ltd. LLC raised its holdings in Honeywell International by 1.8% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 2,696 shares of the conglomerate’s stock valued at $628,000 after acquiring an additional 47 shares during the period. Bar Harbor Wealth Management lifted 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 acquiring an additional 47 shares in the last quarter. Finally, Fielder Capital Group LLC lifted its position in shares of Honeywell International by 2.1% during the second quarter. Fielder Capital Group LLC now owns 2,373 shares of the conglomerate’s stock worth $553,000 after acquiring an additional 48 shares in the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Analyst Upgrades and Downgrades

HON has been the subject of several recent research reports. HSBC reduced their price target on Honeywell International from $290.00 to $266.00 and set a “buy” rating for the company in a research report on Tuesday, November 11th. Argus cut their target price on Honeywell International from $250.00 to $225.00 in a research note on Friday, November 14th. BNP Paribas upgraded Honeywell International to a “hold” rating in a research report on Wednesday, December 3rd. JPMorgan Chase & Co. increased their price target on shares of Honeywell International from $212.00 to $218.00 and gave the stock a “neutral” rating in a report on Friday, October 24th. Finally, Bank of America reaffirmed an “underperform” rating and set a $205.00 price objective (down previously from $265.00) on shares of Honeywell International in a research note on Tuesday, November 18th. Seven research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Honeywell International currently has an average rating of “Hold” and a consensus price target of $235.44.

Honeywell International Stock Performance

Shares of HON opened at $193.66 on Friday. Honeywell International Inc. has a 12-month low of $169.21 and a 12-month high of $228.04. 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 company has a market cap of $122.95 billion, a PE ratio of 20.41, a price-to-earnings-growth ratio of 2.59 and a beta of 0.96. The stock has a 50-day moving average price of $199.27 and a 200-day moving average price of $214.33.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings data on Monday, December 11th. The conglomerate reported $2.25 earnings per share 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 for 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, equities analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 5th. Stockholders of record on Friday, November 14th were issued a dividend of $1.19 per share. The ex-dividend date of this dividend was Friday, November 14th. This represents a $4.76 dividend on an annualized basis and a dividend yield of 2.5%. This is an increase from Honeywell International’s previous quarterly dividend of $1.13. Honeywell International’s payout ratio is presently 50.16%.

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.