Prudent Man Advisors LLC Grows Position in Honeywell International Inc. $HON

Prudent Man Advisors LLC raised its holdings in Honeywell International Inc. (NASDAQ:HON) by 16.2% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,182 shares of the conglomerate’s stock after acquiring an additional 1,141 shares during the period. Prudent Man Advisors LLC’s holdings in Honeywell International were worth $1,905,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Orion Capital Management LLC increased its position in shares of Honeywell International by 7.2% during the 2nd quarter. Orion Capital Management LLC now owns 1,231 shares of the conglomerate’s stock valued at $287,000 after purchasing an additional 83 shares during the last quarter. Ingalls & Snyder LLC increased its position in shares of Honeywell International by 3.6% during the 2nd quarter. Ingalls & Snyder LLC now owns 2,279 shares of the conglomerate’s stock valued at $531,000 after purchasing an additional 80 shares during the last quarter. Kornitzer Capital Management Inc. KS increased its position in shares of Honeywell International by 12.8% during the 2nd quarter. Kornitzer Capital Management Inc. KS now owns 21,100 shares of the conglomerate’s stock valued at $4,914,000 after purchasing an additional 2,397 shares during the last quarter. Burke & Herbert Bank & Trust Co. increased its position in shares of Honeywell International by 2.5% during the 2nd quarter. Burke & Herbert Bank & Trust Co. now owns 7,866 shares of the conglomerate’s stock valued at $1,832,000 after purchasing an additional 190 shares during the last quarter. Finally, Ramsay Stattman Vela & Price Inc. bought a new position in shares of Honeywell International during the 2nd quarter valued at about $218,000. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Wall Street Analysts Forecast Growth

HON has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft reduced their price target on Honeywell International from $271.00 to $265.00 and set a “buy” rating on the stock in a research report on Friday. Wells Fargo & Company raised their price target on Honeywell International from $220.00 to $230.00 in a research report on Friday. TD Cowen reduced their price target on Honeywell International from $260.00 to $250.00 in a research report on Tuesday, October 7th. Jefferies Financial Group reduced their price target on Honeywell International from $240.00 to $230.00 and set a “hold” rating on the stock in a research report on Tuesday, October 7th. Finally, Robert W. Baird dropped their price objective on Honeywell International from $250.00 to $220.00 and set a “neutral” rating for the company in a report on Monday, October 13th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Honeywell International presently has a consensus rating of “Moderate Buy” and an average target price of $251.60.

Honeywell International Trading Down 2.1%

NASDAQ HON opened at $216.14 on Friday. Honeywell International Inc. has a fifty-two week low of $179.36 and a fifty-two week high of $242.77. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.97 and a current ratio of 1.36. The stock has a 50 day simple moving average of $212.04 and a two-hundred day simple moving average of $217.66. The stock has a market cap of $137.23 billion, a P/E ratio of 22.78, a price-to-earnings-growth ratio of 2.64 and a beta of 1.06.

Honeywell International (NASDAQ:HON) last released its quarterly earnings data 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 business had revenue of $8.95 billion during 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, analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Increases Dividend

The company also recently announced 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 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Friday, November 14th. This is a boost from Honeywell International’s previous quarterly dividend of $1.13. Honeywell International’s dividend payout ratio (DPR) is 51.42%.

Insider Activity at Honeywell International

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