Honeywell International Inc. $HON Shares Acquired by Frazier Financial Advisors LLC

Frazier Financial Advisors LLC grew its holdings in Honeywell International Inc. (NASDAQ:HON) by 48.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 203 shares of the conglomerate’s stock after purchasing an additional 66 shares during the quarter. Frazier Financial Advisors LLC’s holdings in Honeywell International were worth $47,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Brighton Jones LLC grew its stake in shares of Honeywell International by 9.1% in the 4th quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate’s stock valued at $4,302,000 after buying an additional 1,582 shares during the period. Assenagon Asset Management S.A. boosted its stake in Honeywell International by 1.8% during the first quarter. Assenagon Asset Management S.A. now owns 19,698 shares of the conglomerate’s stock worth $4,171,000 after buying an additional 340 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Honeywell International by 9.7% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 334,145 shares of the conglomerate’s stock worth $70,755,000 after acquiring an additional 29,504 shares during the last quarter. Dynamic Advisor Solutions LLC increased its holdings in Honeywell International by 1.3% in the 1st quarter. Dynamic Advisor Solutions LLC now owns 25,875 shares of the conglomerate’s stock valued at $5,479,000 after purchasing an additional 333 shares during the last quarter. Finally, Exchange Traded Concepts LLC raised its position in Honeywell International by 110.3% in the first quarter. Exchange Traded Concepts LLC now owns 29,617 shares of the conglomerate’s stock valued at $6,271,000 after purchasing an additional 15,533 shares during the period. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Stock Performance

Shares of HON stock opened at $202.91 on Tuesday. 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 Inc. has a 1 year low of $179.36 and a 1 year high of $242.77. The stock’s 50-day moving average is $213.75 and its two-hundred day moving average is $217.20. The firm has a market cap of $128.83 billion, a price-to-earnings ratio of 23.08, a PEG ratio of 2.25 and a beta of 1.06.

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. The business had revenue of $8.95 billion for 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. Analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Friday, November 14th will be given a $1.19 dividend. This is a positive change 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 yield of 2.3%. Honeywell International’s payout ratio is 51.42%.

Insider Transactions at Honeywell International

In other news, CEO Lucian Boldea sold 42,149 shares of the 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 of the company’s stock, valued at approximately $2,289,807.72. This represents a 80.31% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.41% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on HON shares. Morgan Stanley lifted their price objective on Honeywell International from $225.00 to $245.00 and gave the company an “equal weight” rating in a research note on Monday, July 28th. Barclays boosted their price target on shares of Honeywell International from $258.00 to $265.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 9th. Jefferies Financial Group decreased their target price on Honeywell International from $240.00 to $230.00 and set a “hold” rating for the company in a report on Tuesday, October 7th. TD Cowen cut their price target on Honeywell International from $260.00 to $250.00 in a report on Tuesday, October 7th. Finally, Wells Fargo & Company decreased their price objective on 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. One 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’s stock. According to data from MarketBeat, Honeywell International currently has an average rating of “Moderate Buy” and an average price target of $251.80.

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.