4,298 Shares in Honeywell International Inc. $HON Purchased by Triton Financial Group Inc

Key Points

• Triton Financial Group Inc. purchased 4,298 shares of Honeywell International Inc. for approximately $1,001,000 in the second quarter.
• CEO Lucian Boldea sold 42,149 shares of the company's stock for a total value of $9.34 million, significantly reducing his ownership by 80.31%.
• Honeywell International recently declared a quarterly dividend of $1.19 per share, representing an annualized yield of 2.3%, up from the previous dividend of $1.13.

Triton Financial Group Inc bought a new stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 4,298 shares of the conglomerate's stock, valued at approximately $1,001,000.

Other large investors also recently made changes to their positions in the company. Brighton Jones LLC increased its stake in Honeywell International by 9.1% in the 4th quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate's stock valued at $4,302,000 after buying an additional 1,582 shares during the period. Flagship Harbor Advisors LLC grew its holdings in shares of Honeywell International by 8.3% during the 1st quarter. Flagship Harbor Advisors LLC now owns 9,535 shares of the conglomerate's stock valued at $2,019,000 after acquiring an additional 733 shares in the last quarter. Palumbo Wealth Management LLC increased its stake in shares of Honeywell International by 1.8% in the first quarter. Palumbo Wealth Management LLC now owns 3,053 shares of the conglomerate's stock worth $646,000 after acquiring an additional 54 shares during the last quarter. Spinnaker Investment Group LLC raised its holdings in shares of Honeywell International by 3.2% during the first quarter. Spinnaker Investment Group LLC now owns 3,204 shares of the conglomerate's stock worth $678,000 after acquiring an additional 100 shares in the last quarter. Finally, Brown Lisle Cummings Inc. boosted its position in Honeywell International by 4.8% during the first quarter. Brown Lisle Cummings Inc. now owns 14,885 shares of the conglomerate's stock valued at $3,152,000 after purchasing an additional 680 shares during the last quarter. Institutional investors and hedge funds own 75.91% of the company's stock.

Insider Activity

In other news, CEO Lucian Boldea sold 42,149 shares of Honeywell International stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $221.58, for a total value of $9,339,375.42. Following the transaction, the chief executive officer directly owned 10,334 shares in the company, valued at approximately $2,289,807.72. The trade was a 80.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.20% of the company's stock.

Analyst Ratings Changes

HON has been the topic of several research reports. 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. Weiss Ratings reissued a "buy (b-)" rating on shares of Honeywell International in a research note on Wednesday, October 8th. Wells Fargo & Company dropped their price objective on Honeywell International from $230.00 to $220.00 and set an "equal weight" rating on the stock in a report on Monday, October 6th. JPMorgan Chase & Co. reduced their target price on shares of Honeywell International from $222.00 to $212.00 and set a "neutral" rating for the company in a research note on Wednesday, October 15th. Finally, Royal Bank Of Canada decreased their target price on shares of Honeywell International from $254.00 to $253.00 and set a "sector perform" rating for the company in a research report on Friday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $251.67.

Honeywell International Stock Up 1.5%

Shares of Honeywell International stock opened at $206.03 on Tuesday. Honeywell International Inc. has a 12-month low of $179.36 and a 12-month high of $242.77. The company has a quick ratio of 0.97, a current ratio of 1.29 and a debt-to-equity ratio of 1.81. The stock has a 50 day moving average price of $212.43 and a two-hundred day moving average price of $217.09. The stock has a market capitalization of $130.81 billion, a P/E ratio of 23.44, a PEG ratio of 2.52 and a beta of 1.06.

Honeywell International (NASDAQ:HON - Get Free Report) last released its quarterly earnings results on Monday, December 11th. The conglomerate reported $2.25 EPS for the quarter. Honeywell International had a net margin of 14.30% and a return on equity of 37.37%. 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 analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 14th will be issued a dividend of $1.19 per share. This represents a $4.76 dividend on an annualized basis and a yield of 2.3%. This is a positive change from Honeywell International's previous quarterly dividend of $1.13. The ex-dividend date is Friday, November 14th. Honeywell International's dividend payout ratio is currently 54.15%.

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.

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