Cassaday & Co Wealth Management LLC Has $1.21 Million Position in Honeywell International Inc. $HON

Cassaday & Co Wealth Management LLC increased its position in Honeywell International Inc. (NASDAQ:HON) by 5.6% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 5,192 shares of the conglomerate’s stock after acquiring an additional 274 shares during the quarter. Cassaday & Co Wealth Management LLC’s holdings in Honeywell International were worth $1,209,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. NewSquare Capital LLC increased its stake in shares of Honeywell International by 8.9% in the second quarter. NewSquare Capital LLC now owns 4,131 shares of the conglomerate’s stock valued at $962,000 after buying an additional 338 shares during the period. Advisors Preferred LLC raised its holdings in Honeywell International by 17.8% during the 2nd quarter. Advisors Preferred LLC now owns 10,602 shares of the conglomerate’s stock worth $2,531,000 after purchasing an additional 1,602 shares during the last quarter. Northcape Wealth Management LLC raised its holdings in Honeywell International by 1.4% during the 2nd quarter. Northcape Wealth Management LLC now owns 10,790 shares of the conglomerate’s stock worth $2,513,000 after purchasing an additional 150 shares during the last quarter. Next Capital Management LLC raised its holdings in Honeywell International by 4.7% during the 2nd quarter. Next Capital Management LLC now owns 1,342 shares of the conglomerate’s stock worth $313,000 after purchasing an additional 60 shares during the last quarter. Finally, Fullcircle Wealth LLC raised its holdings in Honeywell International by 2.7% during the 2nd quarter. Fullcircle Wealth LLC now owns 8,088 shares of the conglomerate’s stock worth $1,786,000 after purchasing an additional 213 shares during the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Insider Transactions at Honeywell International

In related news, CEO Lucian Boldea sold 42,149 shares of Honeywell International stock in a transaction on 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. This trade represents a 80.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.20% of the company’s stock.

Honeywell International Stock Performance

NASDAQ HON opened at $197.77 on Tuesday. The company has a fifty day simple moving average of $210.65 and a 200 day simple moving average of $218.35. Honeywell International Inc. has a 12-month low of $179.36 and a 12-month high of $242.77. The company has a current ratio of 1.36, a quick ratio of 1.04 and a debt-to-equity ratio of 1.70. The company has a market cap of $125.56 billion, a P/E ratio of 20.84, a PEG ratio of 2.73 and a beta of 1.06.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings results on Monday, December 11th. The conglomerate reported $2.25 earnings per share (EPS) for the quarter. Honeywell International had a net margin of 15.07% and a return on equity of 38.11%. 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. Sell-side analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Friday, November 14th will be given a $1.19 dividend. This represents a $4.76 annualized dividend and a 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 50.16%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on HON. Citigroup raised their price target on shares of Honeywell International from $265.00 to $267.00 and gave the stock a “buy” rating in a report on Friday, October 24th. Rothschild & Co Redburn dropped their target price on shares of Honeywell International from $240.00 to $222.00 and set a “neutral” rating on the stock in a research report on Monday, October 27th. JPMorgan Chase & Co. increased their target price on shares of Honeywell International from $212.00 to $218.00 and gave the stock a “neutral” rating in a research note on Friday, October 24th. Wells Fargo & Company lifted their price target on shares of Honeywell International from $220.00 to $230.00 and gave the company an “equal weight” rating in a research note on Friday, October 24th. Finally, Barclays upped their price objective on shares of Honeywell International from $265.00 to $270.00 and gave the company an “overweight” rating in a report on Friday, October 24th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Honeywell International has a consensus rating of “Moderate Buy” and a consensus target price of $250.25.

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.