Prospera Financial Services Inc Grows Position in Honeywell International Inc. $HON

Prospera Financial Services Inc lifted its holdings in Honeywell International Inc. (NASDAQ:HON) by 4.3% during the second quarter, Holdings Channel reports. The institutional investor owned 69,389 shares of the conglomerate’s stock after acquiring an additional 2,852 shares during the quarter. Prospera Financial Services Inc’s holdings in Honeywell International were worth $16,165,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of HON. Brighton Jones LLC raised its position in Honeywell International by 9.1% in the 4th quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate’s stock worth $4,302,000 after buying an additional 1,582 shares during the last quarter. Alps Advisors Inc. grew its stake in shares of Honeywell International by 1.0% in the first quarter. Alps Advisors Inc. now owns 25,935 shares of the conglomerate’s stock worth $5,492,000 after acquiring an additional 269 shares during the period. Cerity Partners LLC raised its holdings in shares of Honeywell International by 13.1% during the first quarter. Cerity Partners LLC now owns 494,424 shares of the conglomerate’s stock valued at $104,694,000 after purchasing an additional 57,296 shares during the last quarter. MJP Associates Inc. ADV boosted its holdings in Honeywell International by 30.1% in the first quarter. MJP Associates Inc. ADV now owns 1,302 shares of the conglomerate’s stock worth $276,000 after purchasing an additional 301 shares during the last quarter. Finally, Country Club Bank boosted its holdings in Honeywell International by 7.5% in the first quarter. Country Club Bank now owns 5,136 shares of the conglomerate’s stock worth $1,080,000 after purchasing an additional 359 shares during the last quarter. 75.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Robert W. Baird lowered their price target on Honeywell International from $250.00 to $220.00 and set a “neutral” rating on the stock in a report on Monday, October 13th. Morgan Stanley decreased their price objective on shares of Honeywell International from $245.00 to $235.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 28th. Deutsche Bank Aktiengesellschaft lowered their price objective on Honeywell International from $271.00 to $265.00 and set a “buy” rating on the stock in a research report on Friday, October 24th. JPMorgan Chase & Co. raised their price objective on Honeywell International from $212.00 to $218.00 and gave the company a “neutral” rating in a research report on Friday, October 24th. Finally, Rothschild & Co Redburn decreased their target price on Honeywell International from $240.00 to $222.00 and set a “neutral” rating on the stock in a research report on Monday, October 27th. 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 company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $249.63.

Insider Transactions at Honeywell International

In other news, CEO Lucian Boldea sold 42,149 shares of Honeywell International stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $221.58, for a total transaction of $9,339,375.42. Following the completion of the sale, the chief executive officer 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.20% of the stock is currently owned by company insiders.

Honeywell International Stock Down 0.9%

Shares of NASDAQ:HON opened at $194.07 on Friday. The firm has a market capitalization of $123.21 billion, a PE ratio of 20.45, a price-to-earnings-growth ratio of 2.73 and a beta of 1.07. The business has a 50 day simple moving average of $208.63 and a two-hundred day simple moving average of $218.04. Honeywell International Inc. has a 1 year low of $179.36 and a 1 year high of $242.77. 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 quarterly earnings results on Monday, December 11th. The conglomerate reported $2.25 earnings per share (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. On average, equities analysts predict 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. Investors of record on Friday, November 14th will be paid a $1.19 dividend. The ex-dividend date of this dividend is Friday, November 14th. This represents a $4.76 annualized dividend and a yield of 2.5%. This is a boost from Honeywell International’s previous quarterly dividend of $1.13. Honeywell International’s payout ratio is 50.16%.

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.