Portside Wealth Group LLC Purchases 489 Shares of Honeywell International Inc. $HON

Portside Wealth Group LLC increased its position in shares of Honeywell International Inc. (NASDAQ:HON) by 32.2% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,006 shares of the conglomerate’s stock after buying an additional 489 shares during the period. Portside Wealth Group LLC’s holdings in Honeywell International were worth $467,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Nuveen LLC bought a new stake in shares of Honeywell International during the 1st quarter valued at about $1,150,929,000. Wellington Management Group LLP lifted its stake in Honeywell International by 8.9% in the first quarter. Wellington Management Group LLP now owns 15,751,951 shares of the conglomerate’s stock valued at $3,335,476,000 after buying an additional 1,293,137 shares during the period. Alliancebernstein L.P. lifted its stake in Honeywell International by 64.6% in the first quarter. Alliancebernstein L.P. now owns 2,652,344 shares of the conglomerate’s stock valued at $561,634,000 after buying an additional 1,041,273 shares during the period. Vista Cima Wealth Management LLC bought a new position in shares of Honeywell International during the 1st quarter worth approximately $164,000. Finally, Kingstone Capital Partners Texas LLC acquired a new stake in shares of Honeywell International during the 2nd quarter worth approximately $140,816,000. Institutional investors own 75.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on HON. Robert W. Baird cut their target price 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. Argus cut their price objective on shares of Honeywell International from $250.00 to $225.00 in a research report on Friday, November 14th. Bank of America reaffirmed an “underperform” rating and issued a $205.00 target price (down from $265.00) on shares of Honeywell International in a research report on Tuesday. Rothschild & Co Redburn dropped their price target on Honeywell International from $240.00 to $222.00 and set a “neutral” rating on the stock in a research note on Monday, October 27th. Finally, Citigroup raised their price objective on Honeywell International from $251.56 to $267.00 and gave the company a “buy” rating in a research note on Tuesday, November 4th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $239.38.

Honeywell International Stock Down 0.5%

HON stock opened at $190.57 on Thursday. The firm has a market capitalization of $120.99 billion, a PE ratio of 20.08, a P/E/G ratio of 2.73 and a beta of 1.07. The company has a quick ratio of 1.04, a current ratio of 1.36 and a debt-to-equity ratio of 1.70. Honeywell International Inc. has a twelve month low of $169.21 and a twelve month high of $228.04. The stock’s 50 day moving average is $205.71 and its 200-day moving average is $217.69.

Honeywell International (NASDAQ:HON) last released its quarterly earnings results on Monday, December 11th. The conglomerate reported $2.25 EPS for the quarter. The business 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. Sell-side analysts expect that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Friday, November 14th will be issued a dividend of $1.19 per share. This represents a $4.76 annualized dividend and a yield of 2.5%. This is a boost from Honeywell International’s previous quarterly dividend of $1.13. The ex-dividend date is Friday, November 14th. Honeywell International’s dividend payout ratio is presently 50.16%.

Insider Transactions at Honeywell International

In other Honeywell International news, CEO Lucian Boldea sold 42,149 shares of the stock in a transaction dated 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 sale, the chief executive officer owned 10,334 shares in the company, valued at approximately $2,289,807.72. This trade represents a 80.31% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.20% of the company’s stock.

Honeywell International 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.