Mufg Securities Americas Inc. Acquires 2,733 Shares of Honeywell International Inc. $HON

Mufg Securities Americas Inc. boosted its holdings in Honeywell International Inc. (NASDAQ:HON) by 23.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,243 shares of the conglomerate’s stock after purchasing an additional 2,733 shares during the period. Mufg Securities Americas Inc.’s holdings in Honeywell International were worth $3,317,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of HON. BankPlus Wealth Management LLC boosted its holdings in shares of Honeywell International by 2.2% in the 2nd quarter. BankPlus Wealth Management LLC now owns 1,986 shares of the conglomerate’s stock worth $463,000 after buying an additional 43 shares during the last quarter. Summit Wealth Group LLC lifted its position in shares of Honeywell International by 4.3% during the 2nd quarter. Summit Wealth Group LLC now owns 1,115 shares of the conglomerate’s stock valued at $260,000 after buying an additional 46 shares during the last quarter. Maia Wealth LLC grew its stake in shares of Honeywell International by 4.1% during the 1st quarter. Maia Wealth LLC now owns 1,189 shares of the conglomerate’s stock worth $238,000 after acquiring an additional 47 shares during the period. Capital Advisors Ltd. LLC increased its holdings in Honeywell International by 1.8% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 2,696 shares of the conglomerate’s stock worth $628,000 after acquiring an additional 47 shares during the last quarter. Finally, Bar Harbor Wealth Management lifted its holdings in Honeywell International by 0.3% during the second quarter. Bar Harbor Wealth Management now owns 15,192 shares of the conglomerate’s stock valued at $3,538,000 after purchasing an additional 47 shares during the last quarter. Institutional investors 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 firm’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 sale, the chief executive officer directly owned 10,334 shares of the company’s stock, valued at $2,289,807.72. This trade represents 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. Corporate insiders own 0.20% of the company’s stock.

Honeywell International Price Performance

NASDAQ:HON opened at $190.02 on Friday. The firm has a market capitalization of $120.64 billion, a price-to-earnings ratio of 20.02, a P/E/G ratio of 2.73 and a beta of 1.07. 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 stock has a fifty day moving average of $204.74 and a 200 day moving average of $217.32. Honeywell International Inc. has a 52-week low of $169.21 and a 52-week high of $228.04.

Honeywell International (NASDAQ:HON) last issued 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 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. On average, research analysts expect that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 14th will be paid a dividend of $1.19 per share. This represents a $4.76 annualized dividend and a dividend yield of 2.5%. This is a positive change 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 currently 50.16%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on HON shares. Citigroup lifted their target price on shares of Honeywell International from $251.56 to $267.00 and gave the stock a “buy” rating in a research note on Tuesday, November 4th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Honeywell International from $271.00 to $265.00 and set a “buy” rating on the stock in a report on Friday, October 24th. Barclays raised their price target on Honeywell International from $265.00 to $270.00 and gave the stock an “overweight” rating in a report on Friday, October 24th. Robert W. Baird decreased their price objective on Honeywell International from $250.00 to $220.00 and set a “neutral” rating on the stock in a research note on Monday, October 13th. Finally, Royal Bank Of Canada raised 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 investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently 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.