Williams & Novak LLC Purchases Shares of 4,054 Honeywell International Inc. $HON

Williams & Novak LLC bought a new stake in Honeywell International Inc. (NASDAQ:HON) during the second quarter, HoldingsChannel.com reports. The fund bought 4,054 shares of the conglomerate’s stock, valued at approximately $944,000.

A number of other hedge funds have also made changes to their positions in the business. Aberdeen Group plc raised its stake in shares of Honeywell International by 4.5% in the 2nd quarter. Aberdeen Group plc now owns 744,761 shares of the conglomerate’s stock valued at $173,440,000 after acquiring an additional 32,314 shares during the period. VanderPol Investments L.L.C. purchased a new position in shares of Honeywell International in the 2nd quarter valued at $209,000. PDS Planning Inc raised its stake in shares of Honeywell International by 11.2% in the 2nd quarter. PDS Planning Inc now owns 2,850 shares of the conglomerate’s stock valued at $664,000 after acquiring an additional 287 shares during the period. JB Capital LLC raised its stake in shares of Honeywell International by 6.9% in the 2nd quarter. JB Capital LLC now owns 2,894 shares of the conglomerate’s stock valued at $674,000 after acquiring an additional 187 shares during the period. Finally, Blue Trust Inc. raised its stake in shares of Honeywell International by 123.8% in the 2nd quarter. Blue Trust Inc. now owns 32,092 shares of the conglomerate’s stock valued at $7,474,000 after acquiring an additional 17,752 shares during the period. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Wall Street Analyst Weigh In

HON has been the topic of a number of research reports. Weiss Ratings reissued a “buy (b-)” rating on shares of Honeywell International in a research note on Wednesday. TD Cowen dropped their price target on shares of Honeywell International from $260.00 to $250.00 in a research note on Tuesday. Royal Bank Of Canada dropped their price target on shares of Honeywell International from $254.00 to $253.00 and set a “sector perform” rating on the stock in a research note on Friday, July 25th. Barclays lifted their price target on shares of Honeywell International from $258.00 to $265.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 9th. Finally, Morgan Stanley lifted their price target on shares of Honeywell International from $225.00 to $245.00 and gave the stock an “equal weight” rating in a research note on Monday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, Honeywell International currently has an average rating of “Moderate Buy” and a consensus price target of $251.80.

Insider Buying and Selling at Honeywell International

In other news, CEO Lucian Boldea sold 42,149 shares of the business’s stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $221.58, for a total value of $9,339,375.42. Following the completion of the sale, the chief executive officer owned 10,334 shares of the company’s stock, valued at approximately $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 at the SEC website. Insiders own 0.20% of the company’s stock.

Honeywell International Price Performance

HON opened at $200.91 on Friday. The company has a 50-day moving average of $214.11 and a 200-day moving average of $217.20. The company has a market capitalization of $127.56 billion, a P/E ratio of 22.86, a PEG ratio of 2.28 and a beta of 1.06. Honeywell International Inc. has a 1-year low of $179.36 and a 1-year high of $242.77. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.97 and a current ratio of 1.29.

Honeywell International (NASDAQ:HON) last released its earnings results on Monday, December 11th. The conglomerate reported $2.25 earnings per share for the quarter. The company had revenue of $8.95 billion during the quarter. Honeywell International had a net margin of 14.30% and a return on equity of 37.37%. Honeywell International has set its Q4 2023 guidance at 2.530-2.630 EPS. FY 2023 guidance at 9.100-9.200 EPS. Equities analysts expect that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 14th will be given a $1.19 dividend. This represents a $4.76 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Friday, November 14th. This is an increase from Honeywell International’s previous quarterly dividend of $1.13. Honeywell International’s payout ratio is presently 51.42%.

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.