Arista Wealth Management LLC Makes New $1.28 Million Investment in Honeywell International Inc. $HON

Key Points

• Arista Wealth Management LLC invested approximately $1.28 million in Honeywell International Inc., acquiring 5,510 shares in the second quarter.
• Honeywell International recently increased its quarterly dividend to $1.19 per share, representing a 2.3% dividend yield and an annualized dividend of $4.76.
• The company's stock is currently valued at $203.17 with a market capitalization of $128.99 billion and a 52-week performance range between $179.36 and $242.77.

Arista Wealth Management LLC bought a new position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 5,510 shares of the conglomerate's stock, valued at approximately $1,283,000.

Other institutional investors and hedge funds have also modified their holdings of the company. BankPlus Wealth Management LLC boosted its holdings in shares of Honeywell International by 2.2% in the 2nd quarter. BankPlus Wealth Management LLC now owns 1,986 shares of the conglomerate's stock worth $463,000 after buying an additional 43 shares during the last quarter. Maia Wealth LLC boosted its stake in Honeywell International by 4.1% in the first quarter. Maia Wealth LLC now owns 1,189 shares of the conglomerate's stock valued at $238,000 after acquiring an additional 47 shares during the last quarter. Bar Harbor Wealth Management grew its position in shares of Honeywell International by 0.3% during the 2nd quarter. Bar Harbor Wealth Management now owns 15,192 shares of the conglomerate's stock valued at $3,538,000 after acquiring an additional 47 shares during the period. Capital Advisors Ltd. LLC increased its stake in shares of Honeywell International by 1.8% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 2,696 shares of the conglomerate's stock worth $628,000 after purchasing an additional 47 shares during the last quarter. Finally, Kirtland Hills Capital Management LLC raised its holdings in shares of Honeywell International by 1.1% in the 1st quarter. Kirtland Hills Capital Management LLC now owns 4,424 shares of the conglomerate's stock worth $870,000 after purchasing an additional 48 shares during the period. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Stock Up 0.3%

HON opened at $203.17 on Friday. The stock has a market cap of $128.99 billion, a PE ratio of 23.11, a P/E/G ratio of 2.28 and a beta of 1.06. The company has a quick ratio of 0.97, a current ratio of 1.29 and a debt-to-equity ratio of 1.81. Honeywell International Inc. has a 52 week low of $179.36 and a 52 week high of $242.77. The business's fifty day simple moving average is $212.90 and its 200 day simple moving average is $216.98.

Honeywell International (NASDAQ:HON - Get Free Report) last issued its earnings results on Monday, December 11th. The conglomerate reported $2.25 earnings per share (EPS) for the quarter. Honeywell International had a return on equity of 37.37% and a net margin of 14.30%.The business had revenue of $8.95 billion during 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. As a group, research analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal 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 dividend of $1.19 per share. This represents a $4.76 dividend on an annualized basis and a dividend yield of 2.3%. This is an increase from Honeywell International's previous quarterly dividend of $1.13. The ex-dividend date of this dividend is Friday, November 14th. Honeywell International's payout ratio is 51.42%.

Insider Activity at Honeywell International

In other news, CEO Lucian Boldea sold 42,149 shares of the business's 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 completion of the sale, the chief executive officer owned 10,334 shares of the company's stock, valued at approximately $2,289,807.72. The trade was a 80.31% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.20% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. TD Cowen decreased their target price on Honeywell International from $260.00 to $250.00 in a research report on Tuesday, October 7th. Robert W. Baird decreased their price objective on Honeywell International from $250.00 to $220.00 and set a "neutral" rating for the company in a report on Monday. Deutsche Bank Aktiengesellschaft boosted their price objective on Honeywell International from $268.00 to $271.00 and gave the company a "buy" rating in a research note on Thursday, October 2nd. Jefferies Financial Group cut their target price on shares of Honeywell International from $240.00 to $230.00 and set a "hold" rating for the company in a research report on Tuesday, October 7th. Finally, Barclays upped their price target on shares of Honeywell International from $258.00 to $265.00 and gave the company an "overweight" rating in a research note on Wednesday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $251.67.

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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