Honeywell International Inc. $HON Shares Bought by Verus Capital Partners LLC

Verus Capital Partners LLC raised its holdings in Honeywell International Inc. (NASDAQ:HON) by 31.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,309 shares of the conglomerate’s stock after purchasing an additional 1,508 shares during the period. Verus Capital Partners LLC’s holdings in Honeywell International were worth $1,469,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in HON. BankPlus Wealth Management LLC lifted its holdings in Honeywell International by 2.2% during the second quarter. BankPlus Wealth Management LLC now owns 1,986 shares of the conglomerate’s stock valued at $463,000 after purchasing an additional 43 shares in the last quarter. Summit Wealth Group LLC raised its holdings in shares of Honeywell International by 4.3% during the second quarter. Summit Wealth Group LLC now owns 1,115 shares of the conglomerate’s stock valued at $260,000 after acquiring an additional 46 shares during the last quarter. Maia Wealth LLC raised its position in shares of Honeywell International by 4.1% in the first quarter. Maia Wealth LLC now owns 1,189 shares of the conglomerate’s stock valued at $238,000 after buying an additional 47 shares during the last quarter. Capital Advisors Ltd. LLC raised its holdings in shares of Honeywell International by 1.8% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 2,696 shares of the conglomerate’s stock worth $628,000 after acquiring an additional 47 shares during the period. Finally, Bar Harbor Wealth Management increased its stake in Honeywell International by 0.3% during the second quarter. Bar Harbor Wealth Management now owns 15,192 shares of the conglomerate’s stock worth $3,538,000 after acquiring an additional 47 shares during the last quarter. 75.91% of the stock is owned by institutional investors and hedge funds.

Honeywell International Price Performance

HON opened at $196.07 on Tuesday. The company’s 50-day moving average price is $208.16 and its 200 day moving average price is $218.30. The firm has a market cap of $124.48 billion, a price-to-earnings ratio of 20.66, a price-to-earnings-growth ratio of 2.73 and a beta of 1.07. The company has a quick ratio of 1.04, a current ratio of 1.36 and a debt-to-equity ratio of 1.70. Honeywell International Inc. has a fifty-two week low of $179.36 and a fifty-two week high of $242.77.

Honeywell International (NASDAQ:HON) last announced its earnings results on Monday, December 11th. The conglomerate reported $2.25 earnings per share for the quarter. Honeywell International had a return on equity of 38.11% and a net margin of 15.07%.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. As a group, sell-side analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 14th will be given a dividend of $1.19 per share. This is a positive change from Honeywell International’s previous quarterly dividend of $1.13. The ex-dividend date is Friday, November 14th. This represents a $4.76 dividend on an annualized basis and a dividend yield of 2.4%. Honeywell International’s payout ratio is presently 50.16%.

Analyst Ratings Changes

HON has been the subject of a number of research reports. Barclays lifted their price objective on shares of Honeywell International from $265.00 to $270.00 and gave the company an “overweight” rating in a report on Friday, October 24th. Robert W. Baird cut their target price on shares of Honeywell International from $250.00 to $220.00 and set a “neutral” rating for the company in a research report on Monday, October 13th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Honeywell International from $271.00 to $265.00 and set a “buy” rating on the stock in a report on Friday, October 24th. Jefferies Financial Group decreased their price target on shares of Honeywell International from $230.00 to $220.00 in a report on Monday, November 3rd. Finally, Rothschild & Co Redburn dropped their price target on Honeywell International from $240.00 to $222.00 and set a “neutral” rating for the company in a research note on Monday, October 27th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, Honeywell International has a consensus rating of “Moderate Buy” and an average price target of $249.00.

Insider Activity

In other news, CEO Lucian Boldea sold 42,149 shares of the stock in a transaction that occurred 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 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.20% of the stock is owned by company insiders.

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.