Rossby Financial LCC Buys 188 Shares of Honeywell International Inc. $HON

Rossby Financial LCC lifted its stake in Honeywell International Inc. (NASDAQ:HON) by 19.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,169 shares of the conglomerate’s stock after purchasing an additional 188 shares during the quarter. Rossby Financial LCC’s holdings in Honeywell International were worth $272,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Chung Wu Investment Group LLC bought a new stake in shares of Honeywell International in the 2nd quarter worth approximately $26,000. RMG Wealth Management LLC bought a new stake in shares of Honeywell International in the 2nd quarter worth approximately $33,000. Activest Wealth Management boosted its position in shares of Honeywell International by 425.9% in the 2nd quarter. Activest Wealth Management now owns 142 shares of the conglomerate’s stock worth $33,000 after purchasing an additional 115 shares in the last quarter. Pandora Wealth Inc. bought a new stake in shares of Honeywell International in the 1st quarter worth approximately $33,000. Finally, Dogwood Wealth Management LLC lifted its position in Honeywell International by 143.9% in the 2nd quarter. Dogwood Wealth Management LLC now owns 161 shares of the conglomerate’s stock valued at $39,000 after acquiring an additional 95 shares in the last quarter. 75.91% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

HON has been the topic of several analyst reports. Jefferies Financial Group lowered their price objective on Honeywell International from $240.00 to $230.00 and set a “hold” rating on the stock in a research report on Tuesday, October 7th. Barclays upped their price objective on Honeywell International from $265.00 to $270.00 and gave the company an “overweight” rating in a research report on Friday, October 24th. Royal Bank Of Canada raised Honeywell International from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from $235.00 to $253.00 in a research report on Monday. Wells Fargo & Company upped their price objective on Honeywell International from $220.00 to $230.00 and gave the company an “equal weight” rating in a research report on Friday, October 24th. Finally, Rothschild & Co Redburn lowered their price objective on Honeywell International from $240.00 to $222.00 and set a “neutral” rating on the stock in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $250.25.

Honeywell International Price Performance

Shares of HON opened at $214.41 on Wednesday. The firm has a market cap of $136.13 billion, a PE ratio of 22.59, a P/E/G ratio of 2.82 and a beta of 1.06. 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 firm has a fifty day simple moving average of $211.97 and a two-hundred day simple moving average of $218.05. Honeywell International Inc. has a 1-year low of $179.36 and a 1-year high of $242.77.

Honeywell International (NASDAQ:HON) last announced its earnings results on Monday, December 11th. The conglomerate reported $2.25 earnings per share for the quarter. The business had revenue of $8.95 billion during the quarter. Honeywell International had a net margin of 15.07% and a return on equity of 38.11%. Honeywell International has set its Q4 2023 guidance at 2.530-2.630 EPS. FY 2023 guidance at 9.100-9.200 EPS. On average, equities analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Shareholders 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 dividend on an annualized basis and a yield of 2.2%. This is a boost from Honeywell International’s previous quarterly dividend of $1.13. Honeywell International’s dividend payout ratio (DPR) is presently 47.63%.

Insiders Place Their Bets

In other Honeywell International news, CEO Lucian Boldea sold 42,149 shares of the business’s stock in a transaction 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 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.41% of the company’s stock.

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.