Hixon Zuercher LLC Purchases 754 Shares of Honeywell International Inc. $HON

Hixon Zuercher LLC lifted its position in shares of Honeywell International Inc. (NASDAQ:HON) by 3.0% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 25,931 shares of the conglomerate’s stock after acquiring an additional 754 shares during the quarter. Honeywell International makes up 2.0% of Hixon Zuercher LLC’s investment portfolio, making the stock its 18th largest position. Hixon Zuercher LLC’s holdings in Honeywell International were worth $6,039,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Chung Wu Investment Group LLC bought a new position in Honeywell International during the second quarter worth about $26,000. RMG Wealth Management LLC purchased a new stake in shares of Honeywell International during the 2nd quarter valued at approximately $33,000. Activest Wealth Management boosted its holdings in Honeywell International by 425.9% in the 2nd quarter. Activest Wealth Management now owns 142 shares of the conglomerate’s stock worth $33,000 after buying an additional 115 shares during the period. Pandora Wealth Inc. purchased a new position in Honeywell International in the 1st quarter valued at approximately $33,000. Finally, Dogwood Wealth Management LLC raised its holdings in Honeywell International by 143.9% during the 2nd quarter. Dogwood Wealth Management LLC now owns 161 shares of the conglomerate’s stock valued at $39,000 after acquiring an additional 95 shares during the period. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Insider Transactions at Honeywell International

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 directly owned 10,334 shares in the company, valued at $2,289,807.72. This trade represents a 80.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.20% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have recently commented on HON. Barclays raised their price target on Honeywell International from $265.00 to $270.00 and gave the stock an “overweight” rating in a report on Friday. Jefferies Financial Group cut their target price on Honeywell International from $240.00 to $230.00 and set a “hold” rating for the company in a research note on Tuesday, October 7th. Royal Bank Of Canada reduced their target price on Honeywell International from $253.00 to $235.00 and set a “sector perform” rating for the company in a report on Friday. Morgan Stanley increased their price target on shares of Honeywell International from $225.00 to $245.00 and gave the stock an “equal weight” rating in a report on Monday, July 28th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Honeywell International in a research note on Saturday. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $251.60.

Honeywell International Stock Performance

Honeywell International stock opened at $216.14 on Friday. Honeywell International Inc. has a fifty-two week low of $179.36 and a fifty-two week high of $242.77. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.97 and a current ratio of 1.36. The stock has a market cap of $137.23 billion, a P/E ratio of 22.78, a price-to-earnings-growth ratio of 2.64 and a beta of 1.06. The firm’s fifty day moving average price is $212.04 and its 200-day moving average price is $217.66.

Honeywell International (NASDAQ:HON) last announced its earnings results on Monday, December 11th. The conglomerate reported $2.25 earnings per share (EPS) 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 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 research analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Friday, November 14th will be given a $1.19 dividend. This represents a $4.76 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Friday, November 14th. This is a positive change from Honeywell International’s previous quarterly dividend of $1.13. Honeywell International’s dividend 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.