Kelleher Financial Advisors Invests $429,000 in Honeywell International Inc. $HON

Kelleher Financial Advisors acquired a new position in shares of Honeywell International Inc. (NASDAQ:HON) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 1,843 shares of the conglomerate’s stock, valued at approximately $429,000.

A number of other institutional investors also recently modified their holdings of HON. Brighton Jones LLC increased its position in shares of Honeywell International by 9.1% in the fourth 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 period. CWM LLC raised its position in shares of Honeywell International by 1.2% in the 1st quarter. CWM LLC now owns 43,724 shares of the conglomerate’s stock valued at $9,258,000 after buying an additional 512 shares in the last quarter. Apollon Financial LLC lifted its holdings in shares of Honeywell International by 3.3% during the 1st quarter. Apollon Financial LLC now owns 1,652 shares of the conglomerate’s stock worth $350,000 after acquiring an additional 53 shares during the period. SBI Securities Co. Ltd. boosted its position in shares of Honeywell International by 29.8% during the 1st quarter. SBI Securities Co. Ltd. now owns 1,273 shares of the conglomerate’s stock worth $270,000 after acquiring an additional 292 shares in the last quarter. Finally, Prevail Innovative Wealth Advisors LLC raised its position in Honeywell International by 223.1% during the first quarter. Prevail Innovative Wealth Advisors LLC now owns 3,257 shares of the conglomerate’s stock valued at $690,000 after purchasing an additional 2,249 shares in the last quarter. Institutional investors own 75.91% of the company’s stock.

Wall Street Analysts Forecast Growth

HON has been the subject of several recent analyst reports. JPMorgan Chase & Co. upped their price objective on Honeywell International from $212.00 to $218.00 and gave the stock a “neutral” rating in a research report on Friday, October 24th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Honeywell International from $271.00 to $265.00 and set a “buy” rating for the company in a report on Friday, October 24th. Robert W. Baird decreased their price target on shares of Honeywell International from $250.00 to $220.00 and set a “neutral” rating on the stock in a report on Monday, October 13th. Wells Fargo & Company increased their price objective 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, Morgan Stanley decreased 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 note on Tuesday, October 28th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, Honeywell International presently has a consensus rating of “Moderate Buy” and a consensus target price of $247.50.

Honeywell International Stock Up 2.2%

Shares of NASDAQ HON opened at $200.41 on Wednesday. Honeywell International Inc. has a 52-week low of $179.36 and a 52-week high of $242.77. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.04 and a current ratio of 1.36. The company’s 50 day moving average price is $207.82 and its 200-day moving average price is $218.30. The company has a market capitalization of $127.24 billion, a P/E ratio of 21.12, a price-to-earnings-growth ratio of 2.73 and a beta of 1.07.

Honeywell International (NASDAQ:HON) last issued its earnings results on Monday, December 11th. The conglomerate reported $2.25 EPS for the quarter. The business 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. Equities analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Friday, November 14th will be issued a $1.19 dividend. The ex-dividend date is Friday, November 14th. This represents a $4.76 dividend on an annualized basis and a dividend yield of 2.4%. This is a boost from Honeywell International’s previous quarterly dividend of $1.13. Honeywell International’s dividend payout ratio (DPR) is currently 50.16%.

Insiders Place Their Bets

In other Honeywell International 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 transaction of $9,339,375.42. Following the transaction, the chief executive officer directly owned 10,334 shares of the company’s stock, valued at $2,289,807.72. The trade was a 80.31% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.20% of the company’s stock.

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.