Ingalls & Snyder LLC Acquires 80 Shares of Honeywell International Inc. $HON

Ingalls & Snyder LLC boosted its position in shares of Honeywell International Inc. (NASDAQ:HON) by 3.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,279 shares of the conglomerate’s stock after acquiring an additional 80 shares during the quarter. Ingalls & Snyder LLC’s holdings in Honeywell International were worth $531,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Chung Wu Investment Group LLC bought a new position in shares of Honeywell International in the second quarter valued at about $26,000. Pandora Wealth Inc. bought a new position in shares of Honeywell International in the first quarter valued at about $33,000. RMG Wealth Management LLC bought a new position in shares of Honeywell International in the second quarter valued at about $33,000. Activest Wealth Management raised its position in shares of Honeywell International by 425.9% in the second quarter. Activest Wealth Management now owns 142 shares of the conglomerate’s stock valued at $33,000 after purchasing an additional 115 shares during the period. Finally, 1248 Management LLC bought a new position in shares of Honeywell International in the first quarter valued at about $38,000. 75.91% of the stock is owned by institutional investors.

Honeywell International Stock Down 2.1%

Shares of NASDAQ HON opened at $216.14 on Monday. The company has a 50 day simple moving average of $212.04 and a 200 day simple moving average of $217.79. The firm has a market cap of $137.23 billion, a PE ratio of 22.78, a price-to-earnings-growth ratio of 2.64 and a beta of 1.06. 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 1.70, a current ratio of 1.36 and a quick ratio of 1.04.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings data on Monday, December 11th. The conglomerate reported $2.25 earnings per share (EPS) for the quarter. The business had revenue of $8.95 billion during the quarter. Honeywell International had a net margin of 15.07% and a return on equity of 38.11%. 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, research analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Increases Dividend

The firm also recently disclosed 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. 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 yield of 2.2%. Honeywell International’s dividend payout ratio (DPR) is 50.16%.

Insider Transactions at Honeywell International

In related news, CEO Lucian Boldea sold 42,149 shares of the firm’s stock in a transaction that occurred on Wednesday, August 27th. The shares were 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 owned 10,334 shares in the company, valued at $2,289,807.72. This trade represents a 80.31% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.20% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

HON has been the topic of several research analyst reports. Royal Bank Of Canada dropped their price objective on shares of Honeywell International from $253.00 to $235.00 and set a “sector perform” rating on the stock in a research report on Friday. Jefferies Financial Group decreased 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 note on Tuesday, October 7th. Robert W. Baird decreased their price target on shares of Honeywell International from $250.00 to $220.00 and set a “neutral” rating on the stock in a research note on Monday, October 13th. Citigroup upped their price target on shares of Honeywell International from $265.00 to $267.00 and gave the company a “buy” rating in a research note on Friday. Finally, Wells Fargo & Company lifted their price target on shares of Honeywell International from $220.00 to $230.00 in a report on Friday. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $251.60.

About Honeywell International

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.