Honeywell International Inc. $HON Shares Bought by Van Hulzen Asset Management LLC

Van Hulzen Asset Management LLC grew its position in Honeywell International Inc. (NASDAQ:HON) by 3.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,504 shares of the conglomerate’s stock after acquiring an additional 630 shares during the quarter. Van Hulzen Asset Management LLC’s holdings in Honeywell International were worth $4,775,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Chung Wu Investment Group LLC bought a new stake in Honeywell International during the second quarter valued at $26,000. Pandora Wealth Inc. acquired a new position in shares of Honeywell International in the 1st quarter valued at about $33,000. RMG Wealth Management LLC bought a new stake in shares of Honeywell International during the 2nd quarter valued at about $33,000. Activest Wealth Management raised its stake in 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 acquiring an additional 115 shares during the period. Finally, 1248 Management LLC acquired a new stake in Honeywell International during the first quarter worth about $38,000. 75.91% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

HON has been the subject of several recent research reports. Barclays upped their target price on Honeywell International from $265.00 to $270.00 and gave the company an “overweight” rating in a report on Friday, October 24th. Rothschild & Co Redburn lowered their price objective on Honeywell International from $240.00 to $222.00 and set a “neutral” rating for the company in a research note on Monday, October 27th. TD Cowen cut their target price on Honeywell International from $250.00 to $240.00 and set a “buy” rating on the stock in a research note on Monday, November 10th. Citigroup boosted their price target on shares of Honeywell International from $251.56 to $267.00 and gave the company a “buy” rating in a report on Tuesday, November 4th. Finally, Royal Bank Of Canada raised shares of Honeywell International from a “sector perform” rating to an “outperform” rating and increased their price objective for the stock from $235.00 to $253.00 in a report on Monday, October 27th. One 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. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $239.38.

Honeywell International Stock Performance

HON opened at $190.22 on Tuesday. The business has a 50 day moving average price of $202.31 and a two-hundred day moving average price of $216.24. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.36 and a quick ratio of 1.04. The company has a market capitalization of $120.77 billion, a price-to-earnings ratio of 20.04, a price-to-earnings-growth ratio of 2.73 and a beta of 1.07. Honeywell International Inc. has a 1-year low of $169.21 and a 1-year high of $228.04.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings data on Monday, December 11th. The conglomerate reported $2.25 EPS for the quarter. The company 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. Research analysts predict that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 14th will be issued a dividend of $1.19 per share. This represents a $4.76 annualized dividend and a yield of 2.5%. The ex-dividend date is Friday, November 14th. This is a boost from Honeywell International’s previous quarterly dividend of $1.13. Honeywell International’s dividend payout ratio is presently 50.16%.

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.