Financial Advocates Investment Management Has $646,000 Holdings in Honeywell International Inc. $HON

Financial Advocates Investment Management decreased its stake in Honeywell International Inc. (NASDAQ:HON) by 19.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,773 shares of the conglomerate’s stock after selling 655 shares during the period. Financial Advocates Investment Management’s holdings in Honeywell International were worth $646,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Triton Financial Group Inc acquired a new position in shares of Honeywell International during the second quarter valued at about $1,001,000. Amundi grew its position in Honeywell International by 30.2% during the first quarter. Amundi now owns 519,882 shares of the conglomerate’s stock worth $107,450,000 after buying an additional 120,706 shares in the last quarter. Managed Asset Portfolios LLC increased its stake in Honeywell International by 2.3% during the second quarter. Managed Asset Portfolios LLC now owns 95,833 shares of the conglomerate’s stock valued at $22,317,000 after acquiring an additional 2,154 shares during the period. Baxter Bros Inc. raised its holdings in Honeywell International by 14.6% in the 2nd quarter. Baxter Bros Inc. now owns 35,733 shares of the conglomerate’s stock valued at $8,321,000 after acquiring an additional 4,543 shares in the last quarter. Finally, Integrated Wealth Concepts LLC lifted its position in shares of Honeywell International by 11.4% in the 1st quarter. Integrated Wealth Concepts LLC now owns 28,502 shares of the conglomerate’s stock worth $6,035,000 after acquiring an additional 2,915 shares during the period. Institutional investors own 75.91% of the company’s stock.

Analysts Set New Price Targets

HON has been the topic of a number of research reports. Argus lowered their price objective on Honeywell International from $250.00 to $225.00 in a research report on Friday, November 14th. HSBC decreased their price target on shares of Honeywell International from $290.00 to $266.00 and set a “buy” rating on the stock in a research note on Tuesday, November 11th. Barclays increased their price objective on shares of Honeywell International from $265.00 to $270.00 and gave the company an “overweight” rating in a research note on Friday, October 24th. Wells Fargo & Company decreased their target price on shares of Honeywell International from $230.00 to $218.00 and set an “equal weight” rating on the stock in a research report on Friday, November 14th. Finally, Jefferies Financial Group lowered their target price on shares of Honeywell International from $230.00 to $220.00 in a research note on Monday, November 3rd. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Honeywell International has a consensus rating of “Moderate Buy” and a consensus target price of $239.38.

Honeywell International Trading Down 0.5%

HON stock opened at $189.99 on Thursday. The business has a fifty day moving average price of $203.44 and a 200 day moving average price of $216.87. 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 Inc. has a fifty-two week low of $169.21 and a fifty-two week high of $228.04. The stock has a market capitalization of $120.62 billion, a price-to-earnings ratio of 20.02, a P/E/G ratio of 2.73 and a beta of 1.07.

Honeywell International (NASDAQ:HON) last announced its earnings results on Monday, December 11th. The conglomerate reported $2.25 EPS for the quarter. Honeywell International had a return on equity of 38.11% and a net margin of 15.07%.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. Analysts expect that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Increases Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Friday, November 14th. This represents a $4.76 dividend on an annualized basis and a yield of 2.5%. This is an increase from Honeywell International’s previous quarterly dividend of $1.13. Honeywell International’s payout ratio is currently 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.