Curbstone Financial Management Corp Buys 490 Shares of Honeywell International Inc. $HON

Curbstone Financial Management Corp grew its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 5.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,380 shares of the conglomerate’s stock after buying an additional 490 shares during the period. Curbstone Financial Management Corp’s holdings in Honeywell International were worth $2,417,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Chung Wu Investment Group LLC bought a new position in shares of Honeywell International during the 2nd quarter valued at about $26,000. Pandora Wealth Inc. bought a new position in shares of Honeywell International during the 1st quarter valued at about $33,000. RMG Wealth Management LLC bought a new position in shares of Honeywell International during the 2nd quarter valued at about $33,000. Activest Wealth Management lifted its holdings in shares of Honeywell International by 425.9% during the 2nd quarter. Activest Wealth Management now owns 142 shares of the conglomerate’s stock valued at $33,000 after purchasing an additional 115 shares in the last quarter. Finally, 1248 Management LLC bought a new position in shares of Honeywell International during the 1st quarter valued at about $38,000. Institutional investors own 75.91% of the company’s stock.

Honeywell International Stock Down 0.1%

NASDAQ:HON opened at $202.96 on Friday. The firm has a market capitalization of $128.86 billion, a price-to-earnings ratio of 23.09, a price-to-earnings-growth ratio of 2.28 and a beta of 1.06. Honeywell International Inc. has a twelve month low of $179.36 and a twelve month high of $242.77. The stock’s 50 day moving average price is $212.63 and its two-hundred day moving average price is $216.91. The company has a quick ratio of 0.97, a current ratio of 1.29 and a debt-to-equity ratio of 1.81.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings results on Monday, December 11th. The conglomerate reported $2.25 earnings per share for the quarter. The firm had revenue of $8.95 billion for the quarter. Honeywell International had a return on equity of 37.37% and a net margin of 14.30%. Honeywell International has set its Q4 2023 guidance at 2.530-2.630 EPS. FY 2023 guidance at 9.100-9.200 EPS. Equities research analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal 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 paid a dividend of $1.19 per share. The ex-dividend date is Friday, November 14th. This represents a $4.76 annualized dividend and a dividend yield of 2.3%. This is an increase from Honeywell International’s previous quarterly dividend of $1.13. Honeywell International’s dividend payout ratio is presently 54.15%.

Insider Activity at Honeywell International

In other 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 completion of the transaction, the chief executive officer directly owned 10,334 shares in the company, valued at approximately $2,289,807.72. The trade was a 80.31% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.20% of the company’s stock.

Analyst Upgrades and Downgrades

HON has been the topic of several recent analyst reports. Wells Fargo & Company cut their price objective on Honeywell International from $230.00 to $220.00 and set an “equal weight” rating on the stock in a report on Monday, October 6th. JPMorgan Chase & Co. dropped their target price on Honeywell International from $222.00 to $212.00 and set a “neutral” rating on the stock in a research report on Wednesday. Deutsche Bank Aktiengesellschaft lifted their target price on Honeywell International from $268.00 to $271.00 and gave the company a “buy” rating in a research report on Thursday, October 2nd. Barclays lifted their target price on Honeywell International from $258.00 to $265.00 and gave the company an “overweight” rating in a research report on Wednesday, July 9th. Finally, TD Cowen dropped their target price on Honeywell International from $260.00 to $250.00 in a research report on Tuesday, October 7th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $251.67.

About Honeywell International

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.