L.M. Kohn & Company Has $560,000 Holdings in Honeywell International Inc. $HON

L.M. Kohn & Company lessened its stake in Honeywell International Inc. (NASDAQ:HON) by 18.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,403 shares of the conglomerate’s stock after selling 538 shares during the quarter. L.M. Kohn & Company’s holdings in Honeywell International were worth $560,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in HON. Chung Wu Investment Group LLC acquired a new stake in Honeywell International during the 2nd quarter valued at $26,000. Pandora Wealth Inc. acquired a new stake in Honeywell International during the 1st quarter valued at $33,000. RMG Wealth Management LLC acquired a new stake in Honeywell International during the 2nd quarter valued at $33,000. Activest Wealth Management lifted its holdings in Honeywell International by 425.9% during the 2nd quarter. Activest Wealth Management now owns 142 shares of the conglomerate’s stock valued at $33,000 after purchasing an additional 115 shares during the last quarter. Finally, 1248 Management LLC acquired a new stake in Honeywell International during the 1st quarter valued at $38,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Rothschild & Co Redburn cut their price target on Honeywell International from $240.00 to $222.00 and set a “neutral” rating for the company in a report on Monday. TD Cowen cut their price target on Honeywell International from $260.00 to $250.00 in a report on Tuesday, October 7th. Robert W. Baird cut their price target on Honeywell International from $250.00 to $220.00 and set a “neutral” rating for the company in a report on Monday, October 13th. Wells Fargo & Company raised their price target on Honeywell International from $220.00 to $230.00 and gave the company an “equal weight” rating in a report on Friday, October 24th. Finally, Jefferies Financial Group dropped their target price on Honeywell International from $240.00 to $230.00 and set a “hold” rating for the company in a report on Tuesday, October 7th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $250.25.

Insider Buying and Selling

In related news, CEO Lucian Boldea sold 42,149 shares of the business’s stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $221.58, for a total value of $9,339,375.42. Following the completion of the transaction, the chief executive officer owned 10,334 shares of the company’s stock, valued at $2,289,807.72. The trade was a 80.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.41% of the stock is currently owned by company insiders.

Honeywell International Stock Down 0.3%

HON opened at $214.41 on Wednesday. Honeywell International Inc. has a fifty-two week low of $179.36 and a fifty-two 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 has a market capitalization of $136.13 billion, a P/E ratio of 22.59, a P/E/G ratio of 2.82 and a beta of 1.06. The stock has a fifty day moving average of $211.97 and a 200-day moving average of $218.05.

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

Honeywell International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Friday, November 14th will be paid a $1.19 dividend. This represents a $4.76 dividend on an annualized basis and a yield of 2.2%. This is a boost from Honeywell International’s previous quarterly dividend of $1.13. The ex-dividend date of this dividend is Friday, November 14th. Honeywell International’s payout ratio is presently 47.63%.

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.