Centric Wealth Management Increases Stock Holdings in Honeywell International Inc. $HON

Centric Wealth Management grew its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 7.3% during the second quarter, Holdings Channel reports. The firm owned 4,527 shares of the conglomerate’s stock after purchasing an additional 308 shares during the period. Centric Wealth Management’s holdings in Honeywell International were worth $979,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Chung Wu Investment Group LLC acquired a new stake in Honeywell International during the 2nd quarter worth $26,000. RMG Wealth Management LLC acquired a new position in Honeywell International in the second quarter valued at $33,000. Activest Wealth Management grew its holdings in shares of Honeywell International by 425.9% during 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 last quarter. Pandora Wealth Inc. acquired a new stake in shares of Honeywell International during the first quarter worth about $33,000. Finally, Dogwood Wealth Management LLC lifted its holdings in shares of Honeywell International by 143.9% in the 2nd quarter. Dogwood Wealth Management LLC now owns 161 shares of the conglomerate’s stock valued at $39,000 after purchasing an additional 95 shares during the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Insider Buying and Selling at Honeywell International

In related news, CEO Lucian Boldea sold 42,149 shares of the company’s stock in a transaction 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 transaction, the chief executive officer owned 10,334 shares of the company’s stock, valued at $2,289,807.72. This represents a 80.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.20% of the stock is currently owned by company insiders.

Honeywell International Stock Up 1.0%

HON stock opened at $190.02 on Friday. The stock has a market capitalization of $120.64 billion, a PE ratio of 20.02, a price-to-earnings-growth ratio of 2.73 and a beta of 1.07. The company has a fifty day moving average of $204.74 and a 200-day moving average of $217.37. 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 Inc. has a one year low of $169.21 and a one year high of $228.04.

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. The firm had revenue of $8.95 billion during the quarter. Honeywell International had a net margin of 15.07% and a return on equity of 38.11%. 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 expect that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 14th will be issued a $1.19 dividend. The ex-dividend date of this dividend is Friday, November 14th. This represents a $4.76 annualized dividend and a dividend yield of 2.5%. This is an increase from Honeywell International’s previous quarterly dividend of $1.13. Honeywell International’s payout ratio is 50.16%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on HON shares. 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 note on Friday, October 24th. Morgan Stanley lowered their target price on shares of Honeywell International from $245.00 to $235.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 28th. TD Cowen reduced their price target on shares of Honeywell International from $250.00 to $240.00 and set a “buy” rating for the company in a research report on Monday, November 10th. Citigroup raised their price objective on shares of Honeywell International from $251.56 to $267.00 and gave the stock a “buy” rating in a research report on Tuesday, November 4th. Finally, Royal Bank Of Canada upgraded shares of Honeywell International from a “sector perform” rating to an “outperform” rating and lifted their price objective for the company from $235.00 to $253.00 in a research note on Monday, October 27th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Honeywell International currently has an average rating of “Moderate Buy” and a consensus price target of $239.38.

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.