Ethic Inc. Buys 1,392 Shares of Honeywell International Inc. $HON

Ethic Inc. lifted its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 6.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,727 shares of the conglomerate’s stock after purchasing an additional 1,392 shares during the period. Ethic Inc.’s holdings in Honeywell International were worth $4,972,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in HON. Chung Wu Investment Group LLC bought a new stake in shares of Honeywell International during the 2nd quarter worth approximately $26,000. Pandora Wealth Inc. bought a new stake in shares of Honeywell International during the 1st quarter worth approximately $33,000. RMG Wealth Management LLC bought a new stake in shares of Honeywell International during the 2nd quarter worth approximately $33,000. Activest Wealth Management raised its stake in shares of 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 in the last quarter. Finally, 1248 Management LLC bought a new stake in shares of Honeywell International during the 1st quarter worth approximately $38,000. Institutional investors own 75.91% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Royal Bank Of Canada decreased their target price on Honeywell International from $254.00 to $253.00 and set a “sector perform” rating on the stock in a report on Friday, July 25th. Morgan Stanley boosted their target price on Honeywell International from $225.00 to $245.00 and gave the stock an “equal weight” rating in a report on Monday, July 28th. TD Cowen decreased their target price on Honeywell International from $260.00 to $250.00 in a report on Tuesday, October 7th. Wells Fargo & Company decreased their target price on Honeywell International from $230.00 to $220.00 and set an “equal weight” rating on the stock in a report on Monday, October 6th. Finally, JPMorgan Chase & Co. decreased their target price on Honeywell International from $222.00 to $212.00 and set a “neutral” rating on the stock in a report on Wednesday, October 15th. One investment 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 stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $251.67.

Honeywell International Stock Performance

Shares of NASDAQ HON opened at $220.67 on Friday. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.29 and a quick ratio of 0.97. The stock’s fifty day moving average price is $212.05 and its two-hundred day moving average price is $217.19. Honeywell International Inc. has a one year low of $179.36 and a one year high of $242.77. The firm has a market cap of $140.10 billion, a price-to-earnings ratio of 25.10, a P/E/G ratio of 2.56 and a beta of 1.06.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings data on Monday, December 11th. The conglomerate reported $2.25 EPS for the quarter. Honeywell International had a return on equity of 37.37% and a net margin of 14.30%.The firm had revenue of $8.95 billion for 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. On average, equities analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 14th will be given a dividend of $1.19 per share. This represents a $4.76 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Friday, November 14th. This is a positive change from Honeywell International’s previous quarterly dividend of $1.13. Honeywell International’s dividend payout ratio is currently 54.15%.

Insider Buying and Selling at Honeywell International

In other news, CEO Lucian Boldea sold 42,149 shares of the company’s stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $221.58, for a total transaction of $9,339,375.42. Following the completion of the sale, the chief executive officer directly owned 10,334 shares in the company, valued at approximately $2,289,807.72. This represents a 80.31% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.20% of the company’s stock.

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.