Honeywell International Inc. $HON Shares Bought by CW Advisors LLC

CW Advisors LLC boosted its position in shares of Honeywell International Inc. (NASDAQ:HON) by 10.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,374 shares of the conglomerate’s stock after buying an additional 3,732 shares during the period. CW Advisors LLC’s holdings in Honeywell International were worth $9,403,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Benedict Financial Advisors Inc. raised its stake in Honeywell International by 0.6% in the 2nd quarter. Benedict Financial Advisors Inc. now owns 26,795 shares of the conglomerate’s stock valued at $6,240,000 after purchasing an additional 161 shares during the last quarter. JT Stratford LLC acquired a new stake in Honeywell International during the 2nd quarter worth $277,000. PharVision Advisers LLC purchased a new stake in shares of Honeywell International during the second quarter worth $300,000. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Honeywell International in the second quarter valued at about $101,000. Finally, Beacon Pointe Advisors LLC lifted its stake in shares of Honeywell International by 1.3% in the second quarter. Beacon Pointe Advisors LLC now owns 67,461 shares of the conglomerate’s stock worth $15,710,000 after buying an additional 874 shares in the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Stock Performance

Shares of Honeywell International stock opened at $192.23 on Friday. The firm has a market cap of $122.04 billion, a PE ratio of 20.26, a price-to-earnings-growth ratio of 2.63 and a beta of 0.96. The company has a quick ratio of 1.04, a current ratio of 1.36 and a debt-to-equity ratio of 1.70. Honeywell International Inc. has a 52 week low of $169.21 and a 52 week high of $228.04. The business’s fifty day simple moving average is $201.37 and its 200-day simple moving average is $215.71.

Honeywell International (NASDAQ:HON) last issued 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 firm had revenue of $8.95 billion for the quarter. Honeywell International has set its Q4 2023 guidance at 2.530-2.630 EPS and its FY 2023 guidance at 9.100-9.200 EPS. Equities analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Friday, November 14th will be issued a $1.19 dividend. This is a boost 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 yield of 2.5%. Honeywell International’s payout ratio is 50.16%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Royal Bank Of Canada raised shares of Honeywell International from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from $235.00 to $253.00 in a research note on Monday, October 27th. Morgan Stanley cut 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. BNP Paribas Exane initiated coverage on Honeywell International in a research report on Wednesday. They set a “neutral” rating and a $195.00 price objective on the stock. Robert W. Baird dropped their target price on Honeywell International from $250.00 to $220.00 and set a “neutral” rating for the company in a report on Monday, October 13th. Finally, HSBC reduced their price target on Honeywell International from $290.00 to $266.00 and set a “buy” rating on the stock in a report on Tuesday, November 11th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $236.71.

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.