Rehmann Capital Advisory Group Acquires 304 Shares of Honeywell International Inc. $HON

Rehmann Capital Advisory Group raised its holdings in Honeywell International Inc. (NASDAQ:HON) by 9.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,461 shares of the conglomerate’s stock after buying an additional 304 shares during the quarter. Rehmann Capital Advisory Group’s holdings in Honeywell International were worth $806,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Chung Wu Investment Group LLC bought a new stake in shares of Honeywell International in the 2nd quarter worth approximately $26,000. Pandora Wealth Inc. purchased a new stake in Honeywell International in the first quarter worth $33,000. RMG Wealth Management LLC purchased a new stake in Honeywell International in the second quarter worth $33,000. Activest Wealth Management grew its stake in Honeywell International by 425.9% in the second quarter. Activest Wealth Management now owns 142 shares of the conglomerate’s stock worth $33,000 after purchasing an additional 115 shares during the period. Finally, 1248 Management LLC purchased a new stake in Honeywell International in the first quarter worth $38,000. 75.91% of the stock is currently owned by institutional investors.

Honeywell International Stock Down 1.2%

HON stock opened at $206.61 on Thursday. Honeywell International Inc. has a fifty-two week low of $179.36 and a fifty-two week high of $242.77. The business’s 50-day moving average is $212.00 and its two-hundred day moving average is $216.96. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.97 and a current ratio of 1.29. The company has a market cap of $131.18 billion, a price-to-earnings ratio of 23.51, a P/E/G ratio of 2.59 and a beta of 1.06.

Honeywell International (NASDAQ:HON) last posted 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 37.37% and a net margin of 14.30%.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. As a group, 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. Shareholders of record on Friday, November 14th will be issued a $1.19 dividend. This is a positive change from Honeywell International’s previous quarterly dividend of $1.13. This represents a $4.76 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Friday, November 14th. Honeywell International’s dividend payout ratio is currently 51.42%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. TD Cowen reduced their price target on Honeywell International from $260.00 to $250.00 in a research note on Tuesday, October 7th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Honeywell International in a research note on Wednesday, October 8th. 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 note on Tuesday, October 7th. Robert W. Baird cut their target price on Honeywell International from $250.00 to $220.00 and set a “neutral” rating on the stock in a research note on Monday, October 13th. Finally, Wells Fargo & Company cut their target price on Honeywell International from $230.00 to $220.00 and set an “equal weight” rating on the stock in a research note on Monday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $251.67.

Insiders Place Their Bets

In other Honeywell International news, CEO Lucian Boldea sold 42,149 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $2,289,807.72. This represents a 80.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate 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.