Williams & Novak LLC Buys Shares of 4,054 Honeywell International Inc. $HON

Williams & Novak LLC bought a new stake in Honeywell International Inc. (NASDAQ:HON) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 4,054 shares of the conglomerate’s stock, valued at approximately $944,000.

Other hedge funds also recently added to or reduced their stakes in the company. Red Door Wealth Management LLC increased its holdings in Honeywell International by 2.6% in the first quarter. Red Door Wealth Management LLC now owns 29,090 shares of the conglomerate’s stock valued at $6,160,000 after buying an additional 736 shares in the last quarter. Amundi increased its stake in shares of Honeywell International by 30.2% during the 1st quarter. Amundi now owns 519,882 shares of the conglomerate’s stock worth $107,450,000 after purchasing an additional 120,706 shares in the last quarter. Spinnaker Trust increased its stake in shares of Honeywell International by 2.4% during the 1st quarter. Spinnaker Trust now owns 11,598 shares of the conglomerate’s stock worth $2,456,000 after purchasing an additional 276 shares in the last quarter. Integrated Wealth Concepts LLC increased its stake in shares of Honeywell International by 11.4% during the 1st quarter. Integrated Wealth Concepts LLC now owns 28,502 shares of the conglomerate’s stock worth $6,035,000 after purchasing an additional 2,915 shares in the last quarter. Finally, Baxter Bros Inc. increased its stake in shares of Honeywell International by 14.6% during the 2nd quarter. Baxter Bros Inc. now owns 35,733 shares of the conglomerate’s stock worth $8,321,000 after purchasing an additional 4,543 shares in the last quarter. 75.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

HON has been the subject of a number of recent research reports. Wells Fargo & Company dropped their price objective on shares of Honeywell International from $230.00 to $220.00 and set an “equal weight” rating for the company in a research note on Monday, October 6th. Jefferies Financial Group dropped their price objective 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. Morgan Stanley raised their price objective on shares of Honeywell International from $225.00 to $245.00 and gave the stock an “equal weight” rating in a research note on Monday, July 28th. TD Cowen dropped their price objective on shares of Honeywell International from $260.00 to $250.00 in a research note on Tuesday. Finally, Royal Bank Of Canada dropped their price objective 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. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $251.80.

Insider Buying and Selling at Honeywell International

In other Honeywell International news, CEO Lucian Boldea sold 42,149 shares of Honeywell International stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $221.58, for a total value of $9,339,375.42. Following the transaction, the chief executive officer owned 10,334 shares in the company, valued at $2,289,807.72. This trade represents a 80.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.20% of the stock is currently owned by company insiders.

Honeywell International Stock Down 1.6%

Shares of NASDAQ HON opened at $200.91 on Friday. Honeywell International Inc. has a 1 year low of $179.36 and a 1 year high of $242.77. The firm’s 50 day moving average price is $214.11 and its 200 day moving average price is $217.20. The firm has a market cap of $127.56 billion, a P/E ratio of 22.86, a price-to-earnings-growth ratio of 2.28 and a beta of 1.06. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.97 and a current ratio of 1.29.

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. Honeywell International had a net margin of 14.30% and a return on equity of 37.37%. The firm had revenue of $8.95 billion for 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. As a group, sell-side analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 14th will be issued a $1.19 dividend. This is a boost from Honeywell International’s previous quarterly dividend of $1.13. The ex-dividend date is Friday, November 14th. This represents a $4.76 dividend on an annualized basis and a dividend yield of 2.4%. Honeywell International’s dividend payout ratio (DPR) is 51.42%.

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.