RWA Wealth Partners LLC Has $30.74 Million Holdings in Honeywell International Inc. $HON

RWA Wealth Partners LLC decreased its position in Honeywell International Inc. (NASDAQ:HON) by 1.0% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 131,988 shares of the conglomerate’s stock after selling 1,369 shares during the period. RWA Wealth Partners LLC’s holdings in Honeywell International were worth $30,737,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. BankPlus Wealth Management LLC lifted its stake in shares of Honeywell International by 2.2% in the 2nd quarter. BankPlus Wealth Management LLC now owns 1,986 shares of the conglomerate’s stock valued at $463,000 after purchasing an additional 43 shares during the period. Summit Wealth Group LLC increased its holdings in Honeywell International by 4.3% in the second quarter. Summit Wealth Group LLC now owns 1,115 shares of the conglomerate’s stock worth $260,000 after purchasing an additional 46 shares in the last quarter. Maia Wealth LLC lifted its stake in Honeywell International by 4.1% in the first quarter. Maia Wealth LLC now owns 1,189 shares of the conglomerate’s stock valued at $238,000 after buying an additional 47 shares during the period. Capital Advisors Ltd. LLC boosted its holdings in shares of Honeywell International by 1.8% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 2,696 shares of the conglomerate’s stock worth $628,000 after buying an additional 47 shares in the last quarter. Finally, Bar Harbor Wealth Management grew its position in shares of Honeywell International by 0.3% during the 2nd quarter. Bar Harbor Wealth Management now owns 15,192 shares of the conglomerate’s stock worth $3,538,000 after buying an additional 47 shares during the period. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently issued reports on HON. Deutsche Bank Aktiengesellschaft cut their target price on shares of Honeywell International from $271.00 to $265.00 and set a “buy” rating on the stock in a research note on Friday, October 24th. Jefferies Financial Group reduced their target price on Honeywell International from $230.00 to $220.00 in a research note on Monday, November 3rd. Citigroup upped their price target on Honeywell International from $251.56 to $267.00 and gave the stock a “buy” rating in a research note on Tuesday. Robert W. Baird reduced their price objective on Honeywell International from $250.00 to $220.00 and set a “neutral” rating for the company in a research note on Monday, October 13th. Finally, Wells Fargo & Company upped their target price on Honeywell International from $220.00 to $230.00 and gave the stock an “equal weight” rating in a research report on Friday, October 24th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $249.63.

Honeywell International Trading Down 0.9%

Shares of HON stock opened at $194.07 on Friday. 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 company has a market capitalization of $123.21 billion, a price-to-earnings ratio of 20.45, a PEG ratio of 2.73 and a beta of 1.07. Honeywell International Inc. has a 52-week low of $179.36 and a 52-week high of $242.77. The company has a 50-day simple moving average of $208.63 and a two-hundred day simple moving average of $218.04.

Honeywell International (NASDAQ:HON) last issued its quarterly 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 for 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. Research analysts anticipate that Honeywell International Inc. will post 10.34 EPS 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. Stockholders of record on Friday, November 14th will be given 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 dividend yield of 2.5%. Honeywell International’s dividend payout ratio is 50.16%.

Insider Buying and Selling

In other news, CEO Lucian Boldea sold 42,149 shares of the company’s stock in a transaction dated 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 completion of 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.20% of the stock is currently owned by corporate insiders.

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.