VestGen Advisors LLC Buys 888 Shares of Honeywell International Inc. $HON

VestGen Advisors LLC increased its stake in Honeywell International Inc. (NASDAQ:HON) by 13.2% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 7,627 shares of the conglomerate’s stock after buying an additional 888 shares during the quarter. VestGen Advisors LLC’s holdings in Honeywell International were worth $1,765,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Chung Wu Investment Group LLC purchased a new stake in shares of Honeywell International in the second quarter worth $26,000. Pandora Wealth Inc. bought a new stake in Honeywell International during the 1st quarter valued at about $33,000. RMG Wealth Management LLC purchased a new position in Honeywell International in the second quarter worth about $33,000. Activest Wealth Management lifted its stake in shares of Honeywell International by 425.9% in the second quarter. Activest Wealth Management now owns 142 shares of the conglomerate’s stock worth $33,000 after buying an additional 115 shares in the last quarter. Finally, 1248 Management LLC bought a new stake in shares of Honeywell International during the first quarter valued at approximately $38,000. Institutional investors own 75.91% of the company’s stock.

Honeywell International Price Performance

NASDAQ HON opened at $191.67 on Monday. Honeywell International Inc. has a 52 week low of $169.21 and a 52 week high of $228.04. The firm has a market capitalization of $121.69 billion, a P/E ratio of 20.20, a PEG ratio of 2.73 and a beta of 1.07. The company has a quick ratio of 1.04, a current ratio of 1.36 and a debt-to-equity ratio of 1.70. The company has a 50-day moving average price of $202.68 and a 200-day moving average price of $216.47.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings data on Monday, December 11th. The conglomerate reported $2.25 earnings per share (EPS) for the quarter. Honeywell International had a net margin of 15.07% and a return on equity of 38.11%. The company had revenue of $8.95 billion for 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. Equities research analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Increases Dividend

The business 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 $1.19 dividend. This is a positive change from Honeywell International’s previous quarterly dividend of $1.13. The ex-dividend date is Friday, November 14th. This represents a $4.76 annualized dividend and a dividend yield of 2.5%. Honeywell International’s dividend payout ratio (DPR) is currently 50.16%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on HON shares. Barclays upped their price objective on Honeywell International from $265.00 to $270.00 and gave the company an “overweight” rating in a research report on Friday, October 24th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Honeywell International in a report on Tuesday, November 25th. TD Cowen dropped their price objective on Honeywell International from $250.00 to $240.00 and set a “buy” rating on the stock in a research report on Monday, November 10th. Bank of America reissued an “underperform” rating and issued a $205.00 target price (down previously from $265.00) on shares of Honeywell International in a research report on Tuesday, November 18th. Finally, Citigroup raised 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. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price 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.