Police & Firemen s Retirement System of New Jersey Increases Stake in Honeywell International Inc. $HON

Police & Firemen s Retirement System of New Jersey grew its position in Honeywell International Inc. (NASDAQ:HON) by 3.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 97,762 shares of the conglomerate’s stock after acquiring an additional 2,930 shares during the period. Police & Firemen s Retirement System of New Jersey’s holdings in Honeywell International were worth $22,767,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in HON. Chung Wu Investment Group LLC acquired a new position in Honeywell International during the second quarter worth $26,000. RMG Wealth Management LLC purchased a new stake in shares of Honeywell International during the 2nd quarter worth $33,000. Activest Wealth Management grew its stake in shares of Honeywell International by 425.9% during the 2nd quarter. Activest Wealth Management now owns 142 shares of the conglomerate’s stock worth $33,000 after purchasing an additional 115 shares during the period. Pandora Wealth Inc. purchased a new position in shares of Honeywell International in the 1st quarter valued at about $33,000. Finally, Dogwood Wealth Management LLC lifted its stake in shares of Honeywell International by 143.9% in the second quarter. Dogwood Wealth Management LLC now owns 161 shares of the conglomerate’s stock valued at $39,000 after purchasing an additional 95 shares during the period. 75.91% of the stock is owned by hedge funds and other institutional investors.

Honeywell International Stock Performance

NASDAQ:HON opened at $201.59 on Thursday. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.36 and a quick ratio of 1.04. The firm has a market cap of $127.99 billion, a PE ratio of 21.24, a P/E/G ratio of 2.73 and a beta of 1.07. The firm has a 50 day simple moving average of $207.57 and a 200-day simple moving average of $218.19. Honeywell International Inc. has a 1-year low of $169.21 and a 1-year high of $228.04.

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. The company had revenue of $8.95 billion during 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. On average, equities 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. Investors of record on Friday, November 14th will be issued a $1.19 dividend. The ex-dividend date is Friday, November 14th. This is a positive change 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 payout ratio is presently 50.16%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on HON. Wells Fargo & Company upped their price target on Honeywell International from $220.00 to $230.00 and gave the stock an “equal weight” rating in a report on Friday, October 24th. Jefferies Financial Group dropped their price target on Honeywell International from $230.00 to $220.00 in a research report on Monday, November 3rd. Rothschild & Co Redburn lowered their price objective on shares of Honeywell International from $240.00 to $222.00 and set a “neutral” rating on the stock in a research note on Monday, October 27th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Honeywell International from $271.00 to $265.00 and set a “buy” rating for the company in a research report on Friday, October 24th. Finally, Royal Bank Of Canada upgraded shares of Honeywell International from a “sector perform” rating to an “outperform” rating and increased their price target for the company from $235.00 to $253.00 in a research report on Monday, October 27th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $244.13.

Insider Buying and Selling

In other Honeywell International news, CEO Lucian Boldea sold 42,149 shares of the 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 transaction, the chief executive officer owned 10,334 shares of the company’s stock, valued at $2,289,807.72. This trade represents a 80.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.20% of the company’s stock.

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.