AssuredPartners Investment Advisors LLC Increases Stake in Honeywell International Inc. $HON

Key Points

• AssuredPartners Investment Advisors LLC increased its stake in Honeywell International Inc. by 9.8% during the 2nd quarter, now owning 17,926 shares valued at $4.17 million, making it the firm's 28th largest position.
• Several hedge funds and institutional investors have also made recent adjustments to their positions in Honeywell, leading to holdings of approximately 75.91% of the company's stock.
• Honeywell International has announced a dividend increase to $1.19 per share from a previous $1.13, with a dividend yield of 2.3% and a payout ratio of 51.42%.

AssuredPartners Investment Advisors LLC grew its stake in Honeywell International Inc. (NASDAQ:HON - Free Report) by 9.8% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 17,926 shares of the conglomerate's stock after buying an additional 1,599 shares during the quarter. Honeywell International accounts for approximately 1.0% of AssuredPartners Investment Advisors LLC's portfolio, making the stock its 28th biggest position. AssuredPartners Investment Advisors LLC's holdings in Honeywell International were worth $4,175,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. TD Cowen decreased their target price on Honeywell International from $260.00 to $250.00 in a research note on Tuesday, October 7th. Robert W. Baird decreased their target price on Honeywell International from $250.00 to $220.00 and set a "neutral" rating for the company in a research note on Monday. Barclays boosted their target price on Honeywell International from $258.00 to $265.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 9th. JPMorgan Chase & Co. reduced their price objective on Honeywell International from $222.00 to $212.00 and set a "neutral" rating for the company in a research note on Wednesday. Finally, Royal Bank Of Canada reduced their price objective on Honeywell International from $254.00 to $253.00 and set a "sector perform" rating for the company in a research note on Friday, July 25th. One research 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 company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $251.67.

Honeywell International Price Performance

Shares of NASDAQ HON opened at $203.17 on Friday. The company has a current ratio of 1.29, a quick ratio of 0.97 and a debt-to-equity ratio of 1.81. Honeywell International Inc. has a twelve month low of $179.36 and a twelve month high of $242.77. The stock has a 50 day moving average of $212.90 and a two-hundred day moving average of $216.98. The stock has a market cap of $128.99 billion, a P/E ratio of 23.11, a P/E/G ratio of 2.28 and a beta of 1.06.

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

Insider Activity

In other news, CEO Lucian Boldea sold 42,149 shares of the business's stock in a transaction that occurred on 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 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.20% of the company's stock.

Honeywell International 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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