Axxcess Wealth Management LLC Purchases 2,996 Shares of Honeywell International Inc. $HON

Axxcess Wealth Management LLC grew its position in Honeywell International Inc. (NASDAQ:HON) by 11.7% in the second quarter, HoldingsChannel.com reports. The fund owned 28,709 shares of the conglomerate’s stock after buying an additional 2,996 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Honeywell International were worth $6,686,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Chung Wu Investment Group LLC bought a new position in shares of Honeywell International in the second quarter valued at approximately $26,000. Pandora Wealth Inc. bought a new position in shares of Honeywell International in the first quarter valued at approximately $33,000. RMG Wealth Management LLC bought a new position in Honeywell International in the 2nd quarter worth approximately $33,000. 1248 Management LLC bought a new position in Honeywell International in the 1st quarter worth approximately $38,000. Finally, Dogwood Wealth Management LLC raised its position in Honeywell International by 143.9% in the 2nd quarter. Dogwood Wealth Management LLC now owns 161 shares of the conglomerate’s stock worth $39,000 after purchasing an additional 95 shares during the last quarter. Institutional investors own 75.91% of the company’s stock.

Insider Activity

In other news, CEO Lucian Boldea sold 42,149 shares of the business’s stock in a transaction 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 of the company’s stock, valued at $2,289,807.72. The trade was a 80.31% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.41% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Jefferies Financial Group dropped their price objective on shares of Honeywell International from $240.00 to $230.00 and set a “hold” rating for the company in a research report on Tuesday, October 7th. Barclays boosted 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. TD Cowen dropped their price objective on shares of Honeywell International from $260.00 to $250.00 in a research report on Tuesday, October 7th. Weiss Ratings restated a “buy (b-)” rating on shares of Honeywell International in a research report on Wednesday, October 8th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Honeywell International from $268.00 to $271.00 and gave the stock a “buy” rating in a research report on Thursday, October 2nd. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $251.80.

Honeywell International Price Performance

HON opened at $202.91 on Tuesday. The company has a fifty day moving average price of $213.75 and a two-hundred day moving average price of $217.20. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.97 and a current ratio of 1.29. Honeywell International Inc. has a 52 week low of $179.36 and a 52 week high of $242.77. The firm has a market capitalization of $128.83 billion, a PE ratio of 23.08, a P/E/G 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 earnings per share (EPS) for the quarter. Honeywell International had a net margin of 14.30% and a return on equity of 37.37%. 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. As a group, analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Increases Dividend

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

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.