Fiduciary Wealth Partners LLC Has $62,000 Stock Holdings in Honeywell International Inc. $HON

Fiduciary Wealth Partners LLC lessened its stake in Honeywell International Inc. (NASDAQ:HON) by 80.6% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 268 shares of the conglomerate’s stock after selling 1,110 shares during the quarter. Fiduciary Wealth Partners LLC’s holdings in Honeywell International were worth $62,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in HON. Brighton Jones LLC increased its stake in 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. Illinois Municipal Retirement Fund increased its stake in Honeywell International by 8.3% in the 1st quarter. Illinois Municipal Retirement Fund now owns 23,236 shares of the conglomerate’s stock valued at $4,920,000 after buying an additional 1,789 shares during the period. Jaffetilchin Investment Partners LLC increased its stake in Honeywell International by 10.0% in the 1st quarter. Jaffetilchin Investment Partners LLC now owns 4,850 shares of the conglomerate’s stock valued at $1,027,000 after buying an additional 442 shares during the period. Money Concepts Capital Corp increased its stake in Honeywell International by 15.4% in the 1st quarter. Money Concepts Capital Corp now owns 10,136 shares of the conglomerate’s stock valued at $2,146,000 after buying an additional 1,353 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in Honeywell International by 7.8% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 247,936 shares of the conglomerate’s stock valued at $51,730,000 after buying an additional 17,935 shares during the period. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Stock Performance

NASDAQ:HON opened at $216.14 on Friday. Honeywell International Inc. has a 1 year low of $179.36 and a 1 year high of $242.77. The firm’s fifty day simple moving average is $212.04 and its 200 day simple moving average is $217.66. The company has a current ratio of 1.36, a quick ratio of 0.97 and a debt-to-equity ratio of 1.70. The firm has a market capitalization of $137.23 billion, a PE ratio of 22.78, a PEG ratio of 2.64 and a beta of 1.06.

Honeywell International (NASDAQ:HON) last posted its earnings results on Monday, December 11th. The conglomerate reported $2.25 earnings per share (EPS) for the quarter. Honeywell International had a net margin of 15.07% and a return on equity of 38.11%. The business had revenue of $8.95 billion for 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. On average, sell-side analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 14th will be issued a $1.19 dividend. This is a boost from Honeywell International’s previous quarterly dividend of $1.13. The ex-dividend date of this dividend is Friday, November 14th. This represents a $4.76 dividend on an annualized basis and a yield of 2.2%. Honeywell International’s payout ratio is currently 51.42%.

Insiders Place Their Bets

In other Honeywell International news, CEO Lucian Boldea sold 42,149 shares of the stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $221.58, for a total value of $9,339,375.42. Following the completion of the sale, the chief executive officer directly owned 10,334 shares of the company’s stock, valued at $2,289,807.72. This represents a 80.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.20% of the stock is currently owned by company insiders.

Analyst Ratings Changes

HON has been the topic of several analyst reports. TD Cowen dropped their price target on shares of Honeywell International from $260.00 to $250.00 in a research note on Tuesday, October 7th. Barclays increased their price target on shares of Honeywell International from $265.00 to $270.00 and gave the stock an “overweight” rating in a research note on Friday. JPMorgan Chase & Co. increased their price target on shares of Honeywell International from $212.00 to $218.00 and gave the stock a “neutral” rating in a research note on Friday. Wells Fargo & Company increased their price target on shares of Honeywell International from $220.00 to $230.00 in a research note on Friday. Finally, Jefferies Financial Group dropped their price target 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. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $251.60.

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.