Linscomb Wealth Inc. Boosts Position in Honeywell International Inc. $HON

Linscomb Wealth Inc. boosted its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 1.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 41,410 shares of the conglomerate’s stock after acquiring an additional 548 shares during the quarter. Linscomb Wealth Inc.’s holdings in Honeywell International were worth $9,644,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Chung Wu Investment Group LLC purchased a new position in shares of Honeywell International during the second quarter worth $26,000. Pandora Wealth Inc. acquired a new position in Honeywell International in the 1st quarter valued at about $33,000. RMG Wealth Management LLC acquired a new position in Honeywell International in the 2nd quarter valued at about $33,000. Activest Wealth Management grew its position in Honeywell International by 425.9% in the 2nd quarter. Activest Wealth Management now owns 142 shares of the conglomerate’s stock valued at $33,000 after acquiring an additional 115 shares in the last quarter. Finally, 1248 Management LLC acquired a new position in Honeywell International in the 1st quarter valued at about $38,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Lucian Boldea sold 42,149 shares of the stock in a transaction dated 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 transaction, the chief executive officer directly owned 10,334 shares in the company, valued at approximately $2,289,807.72. This represents a 80.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.20% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. 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 research note on Tuesday, October 7th. Rothschild & Co Redburn decreased their target price on Honeywell International from $240.00 to $222.00 and set a “neutral” rating for the company in a research note on Monday. Citigroup boosted their target price on Honeywell International from $265.00 to $267.00 and gave the stock a “buy” rating in a research note on Friday, October 24th. Deutsche Bank Aktiengesellschaft decreased their target price on Honeywell International from $271.00 to $265.00 and set a “buy” rating for the company in a research note on Friday, October 24th. Finally, Wells Fargo & Company boosted their target price on Honeywell International from $220.00 to $230.00 and gave the company an “equal weight” rating in a report on Friday, October 24th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $250.25.

Honeywell International Stock Performance

NASDAQ HON opened at $200.11 on Friday. The company has a current ratio of 1.36, a quick ratio of 1.04 and a debt-to-equity ratio of 1.70. The business’s 50 day moving average is $211.54 and its two-hundred day moving average is $218.02. Honeywell International Inc. has a 12-month low of $179.36 and a 12-month high of $242.77. The stock has a market capitalization of $127.05 billion, a price-to-earnings ratio of 21.09, a PEG ratio of 2.73 and a beta of 1.06.

Honeywell International (NASDAQ:HON) last released its quarterly earnings results on Monday, December 11th. The conglomerate reported $2.25 earnings per share for the quarter. The business had revenue of $8.95 billion for the quarter. Honeywell International had a return on equity of 38.11% and a net margin of 15.07%. Honeywell International has set its Q4 2023 guidance at 2.530-2.630 EPS. FY 2023 guidance at 9.100-9.200 EPS. Research analysts expect that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 14th will be issued 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 is Friday, November 14th. This represents a $4.76 dividend on an annualized basis and a yield of 2.4%. Honeywell International’s payout ratio is currently 47.63%.

Honeywell International 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.