Wealth Management Associates Inc. Has $295,000 Stake in Honeywell International Inc. $HON

Wealth Management Associates Inc. increased its stake in Honeywell International Inc. (NASDAQ:HON) by 4.2% in the 2nd quarter, Holdings Channel reports. The firm owned 1,268 shares of the conglomerate’s stock after purchasing an additional 51 shares during the period. Wealth Management Associates Inc.’s holdings in Honeywell International were worth $295,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HON. Brighton Jones LLC lifted its holdings in Honeywell International by 9.1% in the 4th quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate’s stock worth $4,302,000 after purchasing an additional 1,582 shares during the last quarter. Sovran Advisors LLC acquired a new stake in Honeywell International in the 1st quarter worth approximately $208,000. Monument Capital Management lifted its holdings in Honeywell International by 8.9% in the 1st quarter. Monument Capital Management now owns 1,014 shares of the conglomerate’s stock worth $215,000 after purchasing an additional 83 shares during the last quarter. MorganRosel Wealth Management LLC acquired a new stake in Honeywell International in the 1st quarter worth approximately $60,000. Finally, Koshinski Asset Management Inc. lifted its holdings in Honeywell International by 1.7% in the 1st quarter. Koshinski Asset Management Inc. now owns 5,798 shares of the conglomerate’s stock worth $1,228,000 after purchasing an additional 98 shares during the last quarter. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on HON. Jefferies Financial Group reduced their target price on Honeywell International from $240.00 to $230.00 and set a “hold” rating for the company in a report on Tuesday, October 7th. Deutsche Bank Aktiengesellschaft dropped 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, October 24th. Rothschild & Co Redburn dropped their price target on Honeywell International from $240.00 to $222.00 and set a “neutral” rating on the stock in a research report on Monday. TD Cowen dropped their price target on Honeywell International from $260.00 to $250.00 in a research report on Tuesday, October 7th. Finally, Morgan Stanley dropped their price target on Honeywell International from $245.00 to $235.00 and set an “equal weight” rating on the stock in a research report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $250.25.

Honeywell International Stock Performance

HON opened at $214.41 on Wednesday. The stock has a market cap of $136.13 billion, a PE ratio of 22.59, a P/E/G ratio of 2.82 and a beta of 1.06. The company has a current ratio of 1.36, a quick ratio of 1.04 and a debt-to-equity ratio of 1.70. Honeywell International Inc. has a 1 year low of $179.36 and a 1 year high of $242.77. The stock’s 50 day simple moving average is $211.97 and its 200-day simple moving average is $218.05.

Honeywell International (NASDAQ:HON) last released its quarterly earnings data on Monday, December 11th. The conglomerate reported $2.25 earnings per share (EPS) for the quarter. The business had revenue of $8.95 billion for 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. Sell-side analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 14th will be given a dividend of $1.19 per share. This is a boost from Honeywell International’s previous quarterly dividend of $1.13. 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. Honeywell International’s dividend payout ratio (DPR) is presently 47.63%.

Insider Activity

In other news, CEO Lucian Boldea sold 42,149 shares of the business’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 transaction of $9,339,375.42. Following the sale, the chief executive officer directly owned 10,334 shares in the company, valued at approximately $2,289,807.72. The trade was a 80.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.41% 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.