Revolve Wealth Partners LLC Has $568,000 Stock Position in Honeywell International Inc. $HON

Revolve Wealth Partners LLC lifted its position in shares of Honeywell International Inc. (NASDAQ:HON) by 2.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,437 shares of the conglomerate’s stock after purchasing an additional 51 shares during the period. Revolve Wealth Partners LLC’s holdings in Honeywell International were worth $568,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the company. Cornerstone Wealth Group LLC lifted its position in shares of Honeywell International by 2.4% during the second quarter. Cornerstone Wealth Group LLC now owns 26,698 shares of the conglomerate’s stock valued at $6,217,000 after purchasing an additional 618 shares in the last quarter. Community Bank N.A. raised its position in Honeywell International by 3.6% in the second quarter. Community Bank N.A. now owns 14,015 shares of the conglomerate’s stock worth $3,264,000 after acquiring an additional 481 shares during the period. NorthRock Partners LLC raised its position in Honeywell International by 7.3% in the second quarter. NorthRock Partners LLC now owns 9,785 shares of the conglomerate’s stock worth $2,278,000 after acquiring an additional 665 shares during the period. Delaney Dennis R raised its position in Honeywell International by 27.3% in the second quarter. Delaney Dennis R now owns 1,400 shares of the conglomerate’s stock worth $326,000 after acquiring an additional 300 shares during the period. Finally, Wealth Architects LLC bought a new stake in Honeywell International in the second quarter worth about $220,000. 75.91% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Barclays lifted their price objective on shares of Honeywell International from $258.00 to $265.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 9th. Jefferies Financial Group lowered their price target on shares of Honeywell International from $240.00 to $230.00 and set a “hold” rating on the stock in a research report on Tuesday, October 7th. Royal Bank Of Canada decreased their price objective on shares of Honeywell International from $254.00 to $253.00 and set a “sector perform” rating for the company in a report on Friday, July 25th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Honeywell International in a research report on Wednesday, October 8th. Finally, Morgan Stanley increased their price objective on shares of Honeywell International from $225.00 to $245.00 and gave the company an “equal weight” rating in a research report on Monday, July 28th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Honeywell International has an average rating of “Moderate Buy” and an average target price of $251.80.

Insider Buying and Selling

In other Honeywell International news, CEO Lucian Boldea sold 42,149 shares of Honeywell International stock in a transaction 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 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.41% of the stock is owned by insiders.

Honeywell International Trading Up 1.0%

Honeywell International stock opened at $202.91 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 debt-to-equity ratio of 1.81, a current ratio of 1.29 and a quick ratio of 0.97. The firm’s 50 day moving average price is $213.75 and its 200-day moving average price is $217.20. The stock has a market cap of $128.83 billion, a P/E ratio of 23.08, a PEG ratio of 2.25 and a beta of 1.06.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings results on Monday, December 11th. The conglomerate reported $2.25 EPS for the quarter. The firm had revenue of $8.95 billion during the quarter. Honeywell International had a net margin of 14.30% and a return on equity of 37.37%. 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 earnings per share for the current fiscal year.

Honeywell International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 14th will be paid a dividend of $1.19 per share. The ex-dividend date of this dividend is Friday, November 14th. This is a positive change from Honeywell International’s previous quarterly dividend of $1.13. This represents a $4.76 annualized dividend and a yield of 2.3%. Honeywell International’s payout ratio is presently 51.42%.

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.