Resonant Capital Advisors LLC Grows Stock Holdings in Honeywell International Inc. $HON

Resonant Capital Advisors LLC raised its position in shares of Honeywell International Inc. (NASDAQ:HON) by 45.6% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,242 shares of the conglomerate’s stock after buying an additional 702 shares during the quarter. Resonant Capital Advisors LLC’s holdings in Honeywell International were worth $522,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Chung Wu Investment Group LLC purchased a new stake in shares of Honeywell International during the 2nd quarter valued at $26,000. Pandora Wealth Inc. purchased a new stake in Honeywell International in the first quarter valued at about $33,000. RMG Wealth Management LLC purchased a new stake in Honeywell International in the second quarter valued at about $33,000. Activest Wealth Management raised its stake in Honeywell International by 425.9% in the second quarter. Activest Wealth Management now owns 142 shares of the conglomerate’s stock valued at $33,000 after buying an additional 115 shares during the last quarter. Finally, 1248 Management LLC purchased a new position in shares of Honeywell International in the 1st quarter valued at approximately $38,000. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Honeywell International

In other news, CEO Lucian Boldea sold 42,149 shares of Honeywell International stock in a transaction that occurred 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 completion of the transaction, the chief executive officer directly owned 10,334 shares of the company’s stock, valued at $2,289,807.72. The trade was a 80.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.20% of the stock is currently owned by company insiders.

Honeywell International Stock Performance

NASDAQ HON opened at $216.14 on Monday. The stock has a 50-day simple moving average of $212.04 and a two-hundred day simple moving average of $217.79. The firm has a market capitalization of $137.23 billion, a P/E ratio of 22.78, a PEG ratio of 2.64 and a beta of 1.06. 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 1.04 and a current ratio of 1.36.

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. The business had revenue of $8.95 billion during the quarter. Honeywell International had a return on equity of 38.11% and a net margin of 15.07%. 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, equities 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 issued 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 of this dividend is Friday, November 14th. This represents a $4.76 annualized dividend and a dividend yield of 2.2%. Honeywell International’s payout ratio is presently 50.16%.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Barclays increased their price objective on shares of Honeywell International from $265.00 to $270.00 and gave the company an “overweight” rating in a research report on Friday. TD Cowen decreased their price target on shares of Honeywell International from $260.00 to $250.00 in a report on Tuesday, October 7th. Royal Bank Of Canada reduced their target price on Honeywell International from $253.00 to $235.00 and set a “sector perform” rating for the company in a research note on Friday. Morgan Stanley raised their target price on Honeywell International from $225.00 to $245.00 and gave the stock an “equal weight” rating in a research note on Monday, July 28th. Finally, JPMorgan Chase & Co. raised their price objective on Honeywell International from $212.00 to $218.00 and gave the stock a “neutral” rating in a research note on Friday. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $251.60.

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.