Cottonwood Capital Advisors LLC Takes Position in Honeywell International Inc. $HON

Cottonwood Capital Advisors LLC purchased a new stake in shares of Honeywell International Inc. (NASDAQ:HON) in the 2nd quarter, Holdings Channel.com reports. The fund purchased 929 shares of the conglomerate’s stock, valued at approximately $216,000.

A number of other hedge funds have also bought and sold shares of HON. Brighton Jones LLC raised its stake in Honeywell International by 9.1% during the fourth quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate’s stock worth $4,302,000 after buying an additional 1,582 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in Honeywell International by 9.7% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 334,145 shares of the conglomerate’s stock worth $70,755,000 after buying an additional 29,504 shares during the last quarter. Boston Trust Walden Corp raised its stake in Honeywell International by 1.4% during the first quarter. Boston Trust Walden Corp now owns 15,037 shares of the conglomerate’s stock worth $3,184,000 after buying an additional 213 shares during the last quarter. Walter & Keenan Wealth Management LLC IN ADV raised its stake in Honeywell International by 2.2% during the first quarter. Walter & Keenan Wealth Management LLC IN ADV now owns 6,615 shares of the conglomerate’s stock worth $1,401,000 after buying an additional 142 shares during the last quarter. Finally, Good Steward Wealth Advisors LLC bought a new position in Honeywell International during the first quarter worth $228,000. Institutional investors own 75.91% of the company’s stock.

Insider Activity

In other news, CEO Lucian Boldea sold 42,149 shares of Honeywell International stock in a transaction dated 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 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.20% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on HON. Morgan Stanley lifted their target price on shares of Honeywell International from $225.00 to $245.00 and gave the stock an “equal weight” rating in a research note on Monday, July 28th. Royal Bank Of Canada reduced their price target 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. TD Cowen reduced their price target on shares of Honeywell International from $260.00 to $250.00 in a report on Tuesday, October 7th. Wells Fargo & Company reduced their price target on shares of Honeywell International from $230.00 to $220.00 and set an “equal weight” rating for the company in a report on Monday, October 6th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Honeywell International from $268.00 to $271.00 and gave the stock a “buy” rating in a report on Thursday, October 2nd. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $251.67.

Honeywell International Stock Down 0.1%

Shares of NASDAQ HON opened at $202.96 on Friday. The stock has a market capitalization of $128.86 billion, a P/E ratio of 23.09, a P/E/G ratio of 2.28 and a beta of 1.06. The company has a 50-day moving average price of $212.63 and a 200-day moving average price of $216.91. 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.

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 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 research analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 14th will be issued a dividend of $1.19 per share. This is an increase from Honeywell International’s previous quarterly dividend of $1.13. This represents a $4.76 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Friday, November 14th. Honeywell International’s dividend payout ratio is 54.15%.

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.