Honeywell International Inc. $HON Shares Acquired by Advisors Preferred LLC

Advisors Preferred LLC lifted its position in shares of Honeywell International Inc. (NASDAQ:HON) by 17.8% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 10,602 shares of the conglomerate’s stock after buying an additional 1,602 shares during the quarter. Advisors Preferred LLC’s holdings in Honeywell International were worth $2,531,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Northcape Wealth Management LLC raised its stake in Honeywell International by 1.4% in the 2nd quarter. Northcape Wealth Management LLC now owns 10,790 shares of the conglomerate’s stock valued at $2,513,000 after purchasing an additional 150 shares during the last quarter. Next Capital Management LLC raised its stake in Honeywell International by 4.7% in the 2nd quarter. Next Capital Management LLC now owns 1,342 shares of the conglomerate’s stock valued at $313,000 after purchasing an additional 60 shares during the last quarter. Fullcircle Wealth LLC raised its stake in Honeywell International by 2.7% in the 2nd quarter. Fullcircle Wealth LLC now owns 8,088 shares of the conglomerate’s stock valued at $1,786,000 after purchasing an additional 213 shares during the last quarter. Bridgewater Advisors Inc. grew its holdings in Honeywell International by 17.4% in the 2nd quarter. Bridgewater Advisors Inc. now owns 2,394 shares of the conglomerate’s stock valued at $531,000 after buying an additional 355 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in Honeywell International by 0.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 6,777,498 shares of the conglomerate’s stock valued at $1,578,344,000 after buying an additional 48,968 shares during the period. Institutional investors and hedge funds own 75.91% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on HON shares. Rothschild & Co Redburn lowered their price target on Honeywell International from $240.00 to $222.00 and set a “neutral” rating for the company in a report on Monday, October 27th. Royal Bank Of Canada raised shares of Honeywell International from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from $235.00 to $253.00 in a research report on Monday, October 27th. TD Cowen dropped their target price on shares of Honeywell International from $260.00 to $250.00 in a research report on Tuesday, October 7th. Jefferies Financial Group dropped their target price 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. Finally, Barclays increased their target price on shares of Honeywell International from $265.00 to $270.00 and gave the stock an “overweight” rating in a research report on Friday, October 24th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $250.25.

Insider Transactions at Honeywell International

In related news, CEO Lucian Boldea sold 42,149 shares of Honeywell International 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 of the company’s stock, valued at $2,289,807.72. The trade was a 80.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.20% of the stock is currently owned by insiders.

Honeywell International Stock Performance

Shares of HON opened at $197.77 on Tuesday. Honeywell International Inc. has a 1 year low of $179.36 and a 1 year high of $242.77. The company has a market cap of $125.56 billion, a price-to-earnings ratio of 20.84, a price-to-earnings-growth ratio of 2.73 and a beta of 1.06. 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 firm has a fifty day moving average of $210.65 and a 200-day moving average of $218.35.

Honeywell International (NASDAQ:HON) last announced its quarterly 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 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. As a group, equities analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Friday, November 14th will be issued a dividend of $1.19 per share. The ex-dividend date of this dividend is Friday, November 14th. This is an increase from Honeywell International’s previous quarterly dividend of $1.13. This represents a $4.76 dividend on an annualized basis and a yield of 2.4%. Honeywell International’s dividend payout ratio is presently 50.16%.

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.