Fielder Capital Group LLC Buys 48 Shares of Honeywell International Inc. $HON

Fielder Capital Group LLC grew its stake in Honeywell International Inc. (NASDAQ:HON) by 2.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,373 shares of the conglomerate’s stock after acquiring an additional 48 shares during the quarter. Fielder Capital Group LLC’s holdings in Honeywell International were worth $553,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of HON. Nuveen LLC acquired a new position in shares of Honeywell International in the 1st quarter valued at approximately $1,150,929,000. Wellington Management Group LLP grew its position in shares of Honeywell International by 8.9% in the 1st quarter. Wellington Management Group LLP now owns 15,751,951 shares of the conglomerate’s stock valued at $3,335,476,000 after purchasing an additional 1,293,137 shares during the period. Alliancebernstein L.P. grew its position in shares of Honeywell International by 64.6% in the 1st quarter. Alliancebernstein L.P. now owns 2,652,344 shares of the conglomerate’s stock valued at $561,634,000 after purchasing an additional 1,041,273 shares during the period. Vista Cima Wealth Management LLC acquired a new position in shares of Honeywell International in the 1st quarter valued at approximately $164,000. Finally, OVERSEA CHINESE BANKING Corp Ltd grew its position in shares of Honeywell International by 592.0% in the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 867,665 shares of the conglomerate’s stock valued at $183,728,000 after purchasing an additional 742,281 shares during the period. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently issued reports on HON. Jefferies Financial Group decreased their price objective on Honeywell International from $240.00 to $230.00 and set a “hold” rating for the company in a research report on Tuesday, October 7th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Honeywell International in a research report on Wednesday, October 8th. TD Cowen reduced their price target on Honeywell International from $260.00 to $250.00 in a research report on Tuesday, October 7th. Robert W. Baird reduced their price target on Honeywell International from $250.00 to $220.00 and set a “neutral” rating for the company in a research report on Monday, October 13th. Finally, Morgan Stanley upped their price target on Honeywell International from $225.00 to $245.00 and gave the stock an “equal weight” rating in a research report on Monday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $251.60.

Honeywell International Trading Down 2.1%

NASDAQ:HON opened at $216.14 on Friday. The company has a market cap of $137.23 billion, a P/E ratio of 22.78, a price-to-earnings-growth ratio of 2.70 and a beta of 1.06. The company has a quick ratio of 0.97, a current ratio of 1.36 and a debt-to-equity ratio of 1.70. Honeywell International Inc. has a twelve month low of $179.36 and a twelve month high of $242.77. The business has a 50 day moving average price of $212.04 and a two-hundred day moving average price of $217.42.

Honeywell International (NASDAQ:HON) last released 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 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. As a group, analysts expect that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Increases Dividend

The business 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 $1.19 dividend. This represents a $4.76 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Friday, November 14th. This is a boost from Honeywell International’s previous quarterly dividend of $1.13. Honeywell International’s payout ratio is currently 51.42%.

Insider Activity at Honeywell International

In other news, CEO Lucian Boldea sold 42,149 shares of the stock in a transaction that occurred on Wednesday, August 27th. The stock was 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 represents a 80.31% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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.