Honeywell International Inc. $HON Stake Boosted by NorthRock Partners LLC

NorthRock Partners LLC grew its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 7.3% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,785 shares of the conglomerate’s stock after acquiring an additional 665 shares during the period. NorthRock Partners LLC’s holdings in Honeywell International were worth $2,278,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of HON. Chung Wu Investment Group LLC purchased a new position in shares of Honeywell International during the 2nd quarter valued at $26,000. Pandora Wealth Inc. purchased a new position in shares of Honeywell International during the 1st quarter valued at $33,000. RMG Wealth Management LLC purchased a new position in shares of Honeywell International during the 2nd quarter valued at $33,000. 1248 Management LLC purchased a new position in shares of Honeywell International during the 1st quarter valued at $38,000. Finally, Dogwood Wealth Management LLC grew its holdings in shares of Honeywell International by 143.9% during 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 currently owned by hedge funds and other institutional investors.

Honeywell International Stock Down 1.6%

Shares of HON opened at $200.91 on Monday. The stock has a market cap of $127.56 billion, a price-to-earnings ratio of 22.86, a P/E/G ratio of 2.25 and a beta of 1.06. 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 Inc. has a 12 month low of $179.36 and a 12 month high of $242.77. The company has a 50-day moving average price of $214.11 and a two-hundred day moving average price of $217.25.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings results on Monday, December 11th. The conglomerate reported $2.25 EPS for the quarter. The firm had revenue of $8.95 billion during the quarter. Honeywell International had a net margin of 14.30% and a return on equity of 37.37%. Honeywell International has set its Q4 2023 guidance at 2.530-2.630 EPS. FY 2023 guidance at 9.100-9.200 EPS. Equities analysts predict that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 14th will be issued 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 annualized dividend and a dividend yield of 2.4%. Honeywell International’s dividend payout ratio (DPR) is 51.42%.

Analyst Ratings Changes

A number of brokerages recently issued reports on HON. Morgan Stanley upped their price objective on shares of Honeywell International from $225.00 to $245.00 and gave the stock an “equal weight” rating in a report on Monday, July 28th. Barclays upped their price objective on shares of Honeywell International from $258.00 to $265.00 and gave the stock an “overweight” rating in a report on Wednesday, July 9th. Wells Fargo & Company decreased 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 report on Monday, October 6th. TD Cowen decreased their price target on shares of Honeywell International from $260.00 to $250.00 in a report on Tuesday, October 7th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Honeywell International from $268.00 to $271.00 and gave the company a “buy” rating in a report on Thursday, October 2nd. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $251.80.

Insider Buying and Selling at Honeywell International

In other news, CEO Lucian Boldea sold 42,149 shares of the firm’s 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 approximately $2,289,807.72. This trade represents a 80.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 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.