Berry Wealth Group LP Makes New $202,000 Investment in Honeywell International Inc. $HON

Berry Wealth Group LP bought a new stake in Honeywell International Inc. (NASDAQ:HON) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 866 shares of the conglomerate’s stock, valued at approximately $202,000.

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

Honeywell International Trading Up 0.9%

Shares of NASDAQ HON opened at $191.67 on Friday. 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 stock’s 50 day moving average price is $202.68 and its two-hundred day moving average price is $216.49. Honeywell International Inc. has a 52-week low of $169.21 and a 52-week high of $228.04. The stock 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.

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

Honeywell International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 14th will be given a $1.19 dividend. This represents a $4.76 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Friday, November 14th. This is an increase from Honeywell International’s previous quarterly dividend of $1.13. Honeywell International’s payout ratio is 50.16%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. JPMorgan Chase & Co. boosted their target price on shares of Honeywell International from $212.00 to $218.00 and gave the stock a “neutral” rating in a research report on Friday, October 24th. Argus cut their price objective on shares of Honeywell International from $250.00 to $225.00 in a report on Friday, November 14th. Deutsche Bank Aktiengesellschaft lowered their target price on Honeywell International from $271.00 to $265.00 and set a “buy” rating for the company in a research note on Friday, October 24th. Robert W. Baird dropped their target price on Honeywell International from $250.00 to $220.00 and set a “neutral” rating on the stock in a research report on Monday, October 13th. Finally, Morgan Stanley reduced their price target on Honeywell International from $245.00 to $235.00 and set an “equal weight” rating for the company in a report on Tuesday, October 28th. One 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 given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $239.38.

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.