VeraBank N.A. Raises Stock Holdings in Honeywell International Inc. $HON

VeraBank N.A. raised its stake in Honeywell International Inc. (NASDAQ:HON) by 9.9% during the 2nd quarter, Holdings Channel.com reports. The firm owned 4,189 shares of the conglomerate’s stock after buying an additional 377 shares during the quarter. VeraBank N.A.’s holdings in Honeywell International were worth $976,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of HON. Chung Wu Investment Group LLC purchased a new position in shares of Honeywell International in the 2nd quarter worth approximately $26,000. Pandora Wealth Inc. acquired a new position in Honeywell International during the 1st quarter valued at about $33,000. RMG Wealth Management LLC acquired a new stake in Honeywell International during the 2nd quarter worth about $33,000. Activest Wealth Management grew its stake 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 position in shares of Honeywell International in the first quarter valued at about $38,000. 75.91% of the stock is owned by hedge funds and other institutional investors.

Honeywell International Price Performance

HON stock opened at $196.07 on Tuesday. The company has a current ratio of 1.36, a quick ratio of 1.04 and a debt-to-equity ratio of 1.70. The company has a market cap of $124.48 billion, a price-to-earnings ratio of 20.66, a PEG ratio of 2.73 and a beta of 1.07. Honeywell International Inc. has a 12-month low of $179.36 and a 12-month high of $242.77. The firm has a 50 day moving average of $208.16 and a 200-day moving average of $218.30.

Honeywell International (NASDAQ:HON) last announced its earnings results on Monday, December 11th. The conglomerate reported $2.25 EPS for the quarter. The firm had revenue of $8.95 billion for 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. As a group, equities analysts expect that Honeywell International Inc. will post 10.34 EPS for the current fiscal 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 dividend yield of 2.4%. This is a boost from Honeywell International’s previous quarterly dividend of $1.13. The ex-dividend date is Friday, November 14th. Honeywell International’s payout ratio is presently 50.16%.

Analyst Upgrades and Downgrades

Several research firms have commented on HON. Rothschild & Co Redburn lowered their price objective on Honeywell International from $240.00 to $222.00 and set a “neutral” rating on the stock in a research report on Monday, October 27th. Deutsche Bank Aktiengesellschaft dropped their target price on Honeywell International from $271.00 to $265.00 and set a “buy” rating on the stock in a research report on Friday, October 24th. Wells Fargo & Company upped their price target on shares of Honeywell International from $220.00 to $230.00 and gave the stock an “equal weight” rating in a research report on Friday, October 24th. Barclays boosted their price target on shares of Honeywell International from $265.00 to $270.00 and gave the company an “overweight” rating in a research report on Friday, October 24th. Finally, Weiss Ratings downgraded shares of Honeywell International from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $249.00.

Insider Buying and Selling

In related news, CEO Lucian Boldea sold 42,149 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer owned 10,334 shares in the company, valued at $2,289,807.72. The trade was a 80.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.20% of the stock is owned by company insiders.

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.