Honeywell International Inc. $HON Shares Bought by Bay Colony Advisory Group Inc d b a Bay Colony Advisors

Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 9.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,588 shares of the conglomerate’s stock after buying an additional 1,149 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ holdings in Honeywell International were worth $3,164,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of HON. Chung Wu Investment Group LLC purchased a new stake in Honeywell International during the second quarter valued at about $26,000. Pandora Wealth Inc. bought a new position in Honeywell International during the first quarter valued at approximately $33,000. RMG Wealth Management LLC bought a new position in shares of Honeywell International in the 2nd quarter valued at approximately $33,000. Activest Wealth Management increased its position in 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 buying an additional 115 shares during the period. Finally, 1248 Management LLC bought a new stake in Honeywell International in the 1st quarter valued at $38,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Insider Activity at Honeywell International

In other Honeywell International news, CEO Lucian Boldea sold 42,149 shares of the company’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 value of $9,339,375.42. Following the transaction, the chief executive officer owned 10,334 shares in the company, valued at approximately $2,289,807.72. This represents a 80.31% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.20% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms recently weighed in on HON. Jefferies Financial Group reduced their price objective 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. TD Cowen reduced their target price on shares of Honeywell International from $260.00 to $250.00 in a report on Tuesday, October 7th. Robert W. Baird cut their target price on Honeywell International from $250.00 to $220.00 and set a “neutral” rating on the stock in a report on Monday, October 13th. Citigroup boosted their target price on Honeywell International from $265.00 to $267.00 and gave the company a “buy” rating in a research note on Friday, October 24th. Finally, 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 report on Friday, October 24th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $250.25.

Honeywell International Stock Performance

NASDAQ:HON opened at $200.11 on Friday. The company has a fifty day moving average of $211.54 and a two-hundred day moving average of $218.02. Honeywell International Inc. has a fifty-two week low of $179.36 and a fifty-two week high of $242.77. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.04 and a current ratio of 1.36. The stock has a market capitalization of $127.05 billion, a PE ratio of 21.09, a P/E/G ratio of 2.73 and a beta of 1.06.

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

Honeywell International Increases Dividend

The firm 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 represents a $4.76 dividend on an annualized basis and a yield of 2.4%. 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. Honeywell International’s dividend payout ratio is currently 47.63%.

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.