Liberty One Investment Management LLC Buys 577 Shares of Honeywell International Inc. $HON

Liberty One Investment Management LLC raised its stake in Honeywell International Inc. (NASDAQ:HON) by 2.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,652 shares of the conglomerate’s stock after purchasing an additional 577 shares during the quarter. Liberty One Investment Management LLC’s holdings in Honeywell International were worth $5,275,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the stock. BankPlus Wealth Management LLC grew its stake in Honeywell International by 2.2% in 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. Maia Wealth LLC lifted 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 lifted its position in shares of Honeywell International by 1.8% in the second quarter. Capital Advisors Ltd. LLC now owns 2,696 shares of the conglomerate’s stock valued at $628,000 after buying an additional 47 shares during the last quarter. Bar Harbor Wealth Management lifted its position in shares of Honeywell International by 0.3% in the second quarter. Bar Harbor Wealth Management now owns 15,192 shares of the conglomerate’s stock valued at $3,538,000 after buying an additional 47 shares during the last quarter. Finally, Kirtland Hills Capital Management LLC lifted its position in shares of Honeywell International by 1.1% in the first quarter. Kirtland Hills Capital Management LLC now owns 4,424 shares of the conglomerate’s stock valued at $870,000 after buying an additional 48 shares during the last quarter. 75.91% of the stock is currently owned by institutional investors.

Insider Activity

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

Honeywell International Price Performance

Shares of NASDAQ HON opened at $206.03 on Tuesday. The stock has a market capitalization of $130.81 billion, a PE ratio of 23.44, a P/E/G ratio of 2.52 and a beta of 1.06. 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 business has a fifty day moving average price of $212.43 and a two-hundred day moving average price of $217.09. 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 quarterly earnings data on Monday, December 11th. The conglomerate reported $2.25 earnings per share for the quarter. The firm had revenue of $8.95 billion during the quarter. Honeywell International had a return on equity of 37.37% and a net margin of 14.30%. 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, equities analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 14th will be paid a $1.19 dividend. This represents a $4.76 annualized dividend and a dividend yield of 2.3%. 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 54.15%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Honeywell International in a research report on Wednesday, October 8th. Robert W. Baird dropped their price target on Honeywell International from $250.00 to $220.00 and set a “neutral” rating for the company in a report on Monday, October 13th. Barclays lifted their price target on Honeywell International from $258.00 to $265.00 and gave the stock an “overweight” rating in a report on Wednesday, July 9th. JPMorgan Chase & Co. dropped their price target on Honeywell International from $222.00 to $212.00 and set a “neutral” rating for the company in a report on Wednesday, October 15th. Finally, Wells Fargo & Company dropped their price target on Honeywell International from $230.00 to $220.00 and set an “equal weight” rating for the company in a report on Monday, October 6th. 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 company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $251.67.

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.