Geneos Wealth Management Inc. Has $9.84 Million Stock Position in Honeywell International Inc. $HON

Geneos Wealth Management Inc. raised its position in Honeywell International Inc. (NASDAQ:HON) by 61.2% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 42,249 shares of the conglomerate’s stock after acquiring an additional 16,043 shares during the period. Geneos Wealth Management Inc.’s holdings in Honeywell International were worth $9,839,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Chung Wu Investment Group LLC bought a new stake in Honeywell International during the 2nd quarter valued at $26,000. RMG Wealth Management LLC acquired a new position in shares of Honeywell International during the second quarter valued at about $33,000. Activest Wealth Management grew its holdings in shares of Honeywell International by 425.9% during the second quarter. Activest Wealth Management now owns 142 shares of the conglomerate’s stock valued at $33,000 after buying an additional 115 shares during the last quarter. Howard Hughes Medical Institute acquired a new position in Honeywell International during the 2nd quarter valued at about $33,000. Finally, 1248 Management LLC bought a new stake in Honeywell International during the 1st quarter worth approximately $38,000. Institutional investors own 75.91% of the company’s stock.

Honeywell International Trading Down 0.1%

Shares of Honeywell International stock opened at $193.66 on Friday. The firm has a market cap of $122.95 billion, a PE ratio of 20.41, a P/E/G ratio of 2.59 and a beta of 0.96. Honeywell International Inc. has a 1 year low of $169.21 and a 1 year high of $228.04. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.36 and a quick ratio of 1.04. The stock has a fifty day moving average price of $199.27 and a 200-day moving average price of $214.33.

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

Honeywell International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 5th. Stockholders of record on Friday, November 14th were paid a dividend of $1.19 per share. This represents a $4.76 annualized dividend and a dividend yield of 2.5%. The ex-dividend date was Friday, November 14th. This is an increase from Honeywell International’s previous quarterly dividend of $1.13. Honeywell International’s dividend payout ratio (DPR) is 50.16%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on HON. Deutsche Bank Aktiengesellschaft dropped their target price on Honeywell International from $265.00 to $264.00 and set a “buy” rating on the stock in a report on Monday, December 8th. Rothschild & Co Redburn dropped their price objective on Honeywell International from $240.00 to $222.00 and set a “neutral” rating on the stock in a research note on Monday, October 27th. Citigroup lifted their price objective on shares of Honeywell International from $251.56 to $267.00 and gave the stock a “buy” rating in a report on Tuesday, November 4th. BNP Paribas upgraded shares of Honeywell International to a “hold” rating in a report on Wednesday, December 3rd. Finally, Morgan Stanley dropped their price target on shares of Honeywell International from $245.00 to $235.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 28th. Seven analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Honeywell International currently has a consensus rating of “Hold” and an average target price of $235.44.

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.