Stratos Wealth Partners LTD. Grows Stock Holdings in Honeywell International Inc. $HON

Stratos Wealth Partners LTD. raised its stake in Honeywell International Inc. (NASDAQ:HON) by 1.4% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 33,300 shares of the conglomerate’s stock after buying an additional 444 shares during the period. Stratos Wealth Partners LTD.’s holdings in Honeywell International were worth $7,755,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in HON. Nuveen LLC purchased a new stake in Honeywell International in the 1st quarter valued at about $1,150,929,000. Wellington Management Group LLP boosted its position 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 valued at $3,335,476,000 after buying an additional 1,293,137 shares during the period. Alliancebernstein L.P. boosted 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 buying an additional 1,041,273 shares during the period. Vista Cima Wealth Management LLC purchased a new stake in Honeywell International in the 1st quarter valued at about $164,000. Finally, OVERSEA CHINESE BANKING Corp Ltd boosted its position in Honeywell International by 592.0% in the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 867,665 shares of the conglomerate’s stock valued at $183,728,000 after buying an additional 742,281 shares during the period. 75.91% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on HON shares. Royal Bank Of Canada lowered 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 report on Friday, July 25th. Morgan Stanley increased their price objective on shares of Honeywell International from $225.00 to $245.00 and gave the company an “equal weight” rating in a research note on Monday, July 28th. Jefferies Financial Group dropped their price objective on shares of Honeywell International from $240.00 to $230.00 and set a “hold” rating on the stock in a research note on Tuesday, October 7th. TD Cowen dropped their price objective on shares of Honeywell International from $260.00 to $250.00 in a research note on Tuesday, October 7th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Honeywell International from $222.00 to $212.00 and set a “neutral” rating on the stock in a research note on Wednesday. One 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 data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $251.67.

Insider Buying and Selling

In related news, CEO Lucian Boldea sold 42,149 shares of the stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $221.58, for a total transaction of $9,339,375.42. Following the completion of the sale, the chief executive officer owned 10,334 shares of the company’s stock, valued at $2,289,807.72. This represents a 80.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.20% of the stock is owned by insiders.

Honeywell International Trading Down 0.1%

NASDAQ:HON opened at $202.96 on Friday. Honeywell International Inc. has a 52 week low of $179.36 and a 52 week high of $242.77. The firm has a 50 day moving average of $212.63 and a 200 day moving average of $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. The stock has a market capitalization of $128.86 billion, a price-to-earnings ratio of 23.09, a PEG ratio of 2.28 and a beta of 1.06.

Honeywell International (NASDAQ:HON) last posted its earnings results on Monday, December 11th. The conglomerate reported $2.25 EPS for the quarter. Honeywell International had a net margin of 14.30% and a return on equity of 37.37%. The company had revenue of $8.95 billion during 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 fiscal year.

Honeywell International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Friday, November 14th will be given a dividend of $1.19 per share. 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 yield of 2.3%. Honeywell International’s dividend payout ratio is currently 54.15%.

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.