Forum Financial Management LP Has $1.35 Million Position in Honeywell International Inc. $HON

Forum Financial Management LP increased its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 7.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,786 shares of the conglomerate’s stock after purchasing an additional 418 shares during the quarter. Forum Financial Management LP’s holdings in Honeywell International were worth $1,347,000 as of its most recent filing with the SEC.

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

Insider Transactions at Honeywell International

In related 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 transaction of $9,339,375.42. Following the transaction, the chief executive officer owned 10,334 shares of the company’s stock, valued at approximately $2,289,807.72. The trade was a 80.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.20% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Morgan Stanley raised their price objective on shares of Honeywell International from $225.00 to $245.00 and gave the company an “equal weight” rating in a research report on Monday, July 28th. TD Cowen cut their price objective on shares of Honeywell International from $260.00 to $250.00 in a research report on Tuesday, October 7th. Barclays raised their price objective on shares of Honeywell International from $258.00 to $265.00 and gave the company an “overweight” rating in a research report on Wednesday, July 9th. Wells Fargo & Company cut their price objective on shares of Honeywell International from $230.00 to $220.00 and set an “equal weight” rating on the stock in a research report on Monday, October 6th. Finally, Royal Bank Of Canada cut their price objective on shares of Honeywell International from $254.00 to $253.00 and set a “sector perform” rating on the stock in a research report on Friday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Honeywell International presently has an average rating of “Moderate Buy” and a consensus target price of $251.67.

Honeywell International Trading Up 6.8%

NASDAQ:HON opened at $220.67 on Friday. Honeywell International Inc. has a 12 month low of $179.36 and a 12 month 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. The company has a quick ratio of 0.97, a current ratio of 1.29 and a debt-to-equity ratio of 1.81. The company’s 50 day moving average is $212.05 and its 200-day moving average is $217.19.

Honeywell International (NASDAQ:HON) last released its quarterly earnings results on Monday, December 11th. The conglomerate reported $2.25 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 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. Equities analysts anticipate 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. Investors 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 yield of 2.2%. This is an increase from Honeywell International’s previous quarterly dividend of $1.13. The ex-dividend date of this dividend is Friday, November 14th. Honeywell International’s payout ratio is presently 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.