Howard Capital Management Inc. Buys 1,934 Shares of Honeywell International Inc. $HON

Howard Capital Management Inc. boosted its stake in Honeywell International Inc. (NASDAQ:HON) by 11.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,824 shares of the conglomerate’s stock after purchasing an additional 1,934 shares during the period. Howard Capital Management Inc.’s holdings in Honeywell International were worth $4,384,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Brighton Jones LLC boosted its position in Honeywell International by 9.1% in the fourth quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate’s stock worth $4,302,000 after purchasing an additional 1,582 shares during the last quarter. Sovran Advisors LLC purchased a new stake in shares of Honeywell International during the 1st quarter valued at about $208,000. Avidian Wealth Enterprises LLC lifted its stake in shares of Honeywell International by 9.0% in the 1st quarter. Avidian Wealth Enterprises LLC now owns 6,208 shares of the conglomerate’s stock worth $1,315,000 after purchasing an additional 513 shares during the period. Amalgamated Bank boosted its holdings in shares of Honeywell International by 1.3% in the first quarter. Amalgamated Bank now owns 130,630 shares of the conglomerate’s stock worth $27,661,000 after buying an additional 1,722 shares during the last quarter. Finally, Monument Capital Management boosted its holdings in shares of Honeywell International by 8.9% in the first quarter. Monument Capital Management now owns 1,014 shares of the conglomerate’s stock worth $215,000 after buying an additional 83 shares during the last quarter. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Honeywell International Stock Down 0.5%

Shares of HON stock opened at $215.07 on Tuesday. The company has a market capitalization of $136.55 billion, a price-to-earnings ratio of 22.66, a PEG ratio of 2.64 and a beta of 1.06. Honeywell International Inc. has a one year low of $179.36 and a one year high of $242.77. The company’s fifty day moving average price is $212.01 and its 200-day moving average price is $217.90. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.36 and a quick ratio of 1.04.

Honeywell International (NASDAQ:HON) last issued its earnings results on Monday, December 11th. The conglomerate reported $2.25 earnings per share for the quarter. Honeywell International had a net margin of 15.07% and a return on equity of 38.11%. 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. Sell-side analysts expect that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Friday, November 14th will be paid a dividend of $1.19 per share. 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 annualized dividend and a yield of 2.2%. Honeywell International’s dividend payout ratio is 47.63%.

Insider Transactions at Honeywell International

In related news, CEO Lucian Boldea sold 42,149 shares of the business’s stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $221.58, for a total value of $9,339,375.42. Following the transaction, the chief executive officer directly owned 10,334 shares of the company’s stock, valued at approximately $2,289,807.72. The trade was a 80.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.41% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on HON shares. Robert W. Baird reduced their target price on shares of Honeywell International from $250.00 to $220.00 and set a “neutral” rating for the company in a report on Monday, October 13th. Jefferies Financial Group cut their price objective on shares of Honeywell International from $240.00 to $230.00 and set a “hold” rating for the company in a research report on Tuesday, October 7th. Deutsche Bank Aktiengesellschaft reduced their price objective on Honeywell International from $271.00 to $265.00 and set a “buy” rating for the company in a research note on Friday. JPMorgan Chase & Co. lifted their target price on Honeywell International from $212.00 to $218.00 and gave the company a “neutral” rating in a research report on Friday. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Honeywell International in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, Honeywell International presently has a consensus rating of “Moderate Buy” and a consensus target price of $250.88.

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.