EPG Wealth Management LLC Acquires 496 Shares of Honeywell International Inc. $HON

EPG Wealth Management LLC boosted its holdings in Honeywell International Inc. (NASDAQ:HON) by 5.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,205 shares of the conglomerate’s stock after buying an additional 496 shares during the quarter. EPG Wealth Management LLC’s holdings in Honeywell International were worth $2,144,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in HON. Chung Wu Investment Group LLC bought a new position in Honeywell International in the 2nd quarter valued at approximately $26,000. Pandora Wealth Inc. bought a new position in Honeywell International in the 1st quarter valued at approximately $33,000. RMG Wealth Management LLC bought a new position in Honeywell International during the 2nd quarter worth approximately $33,000. Activest Wealth Management raised its holdings in Honeywell International by 425.9% during the 2nd quarter. Activest Wealth Management now owns 142 shares of the conglomerate’s stock worth $33,000 after purchasing an additional 115 shares during the last quarter. Finally, 1248 Management LLC bought a new position in Honeywell International during the 1st quarter worth approximately $38,000. Institutional investors own 75.91% of the company’s stock.

Insider Transactions at Honeywell International

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

Honeywell International Stock Performance

Shares of HON stock opened at $201.33 on Monday. The company has a market cap of $127.82 billion, a price-to-earnings ratio of 21.21, a price-to-earnings-growth ratio of 2.73 and a beta of 1.06. Honeywell International Inc. has a 52 week low of $179.36 and a 52 week high of $242.77. The company has a quick ratio of 1.04, a current ratio of 1.36 and a debt-to-equity ratio of 1.70. The firm has a 50 day moving average of $211.11 and a 200-day moving average of $218.34.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings data on Monday, December 11th. The conglomerate reported $2.25 EPS for the quarter. The company 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, equities analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Increases Dividend

The firm also recently declared 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 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Friday, November 14th. This is an increase from Honeywell International’s previous quarterly dividend of $1.13. Honeywell International’s payout ratio is 50.16%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on HON shares. Rothschild & Co Redburn lowered their price target on shares of Honeywell International from $240.00 to $222.00 and set a “neutral” rating for the company in a report on Monday, October 27th. TD Cowen lowered their price target on shares of Honeywell International from $260.00 to $250.00 in a report on Tuesday, October 7th. Citigroup raised their price target on shares of Honeywell International from $265.00 to $267.00 and gave the stock a “buy” rating in a report on Friday, October 24th. Jefferies Financial Group lowered their price target on shares of Honeywell International from $240.00 to $230.00 and set a “hold” rating for the company in a report on Tuesday, October 7th. Finally, Wells Fargo & Company raised their price target on shares of Honeywell International from $220.00 to $230.00 and gave the stock an “equal weight” rating in a report on Friday, October 24th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $250.25.

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.