Davidson Investment Advisors Buys 1,242 Shares of Honeywell International Inc. $HON

Key Points

• Davidson Investment Advisors has increased its stake in Honeywell International Inc. by 0.7% in Q2, now holding a total of 190,808 shares valued at approximately $44.4 million.
• CEO Lucian Boldea sold 42,149 shares, reducing his ownership by 80.31%, while institutional investors collectively own 75.91% of the company’s stock.
• Honeywell announced a quarterly dividend increase to $1.19 per share, with a dividend yield of 2.3%, set to be paid on December 5th.

Davidson Investment Advisors lifted its stake in Honeywell International Inc. (NASDAQ:HON - Free Report) by 0.7% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 190,808 shares of the conglomerate's stock after purchasing an additional 1,242 shares during the quarter. Honeywell International accounts for about 2.0% of Davidson Investment Advisors' investment portfolio, making the stock its 8th largest holding. Davidson Investment Advisors' holdings in Honeywell International were worth $44,435,000 as of its most recent filing with the Securities & Exchange Commission.

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

Insiders Place Their Bets

In other news, CEO Lucian Boldea sold 42,149 shares of the company's stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $221.58, for a total transaction of $9,339,375.42. Following the completion of the transaction, the chief executive officer owned 10,334 shares of the company's stock, valued at approximately $2,289,807.72. This represents a 80.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.41% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on HON shares. Royal Bank Of Canada dropped their target price on Honeywell International from $254.00 to $253.00 and set a "sector perform" rating on the stock in a report on Friday, July 25th. Weiss Ratings reissued a "buy (b-)" rating on shares of Honeywell International in a research note on Wednesday, October 8th. TD Cowen dropped their price target on shares of Honeywell International from $260.00 to $250.00 in a research note on Tuesday, October 7th. Deutsche Bank Aktiengesellschaft increased their price objective on Honeywell International from $268.00 to $271.00 and gave the stock a "buy" rating in a report on Thursday, October 2nd. Finally, Robert W. Baird lowered their target price on Honeywell International from $250.00 to $220.00 and set a "neutral" rating on the stock in a research note on Monday. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, Honeywell International has a consensus rating of "Moderate Buy" and an average target price of $252.00.

Honeywell International Stock Performance

Shares of HON opened at $208.61 on Wednesday. The company has a market capitalization of $132.45 billion, a PE ratio of 23.73, a price-to-earnings-growth ratio of 2.27 and a beta of 1.06. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.29 and a quick ratio of 0.97. Honeywell International Inc. has a one year low of $179.36 and a one year high of $242.77. The company's fifty day moving average price is $213.50 and its 200 day moving average price is $217.14.

Honeywell International (NASDAQ:HON - Get Free Report) last posted its quarterly earnings data on Monday, December 11th. The conglomerate reported $2.25 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 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. As a group, analysts expect 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 paid a dividend of $1.19 per share. This represents a $4.76 annualized dividend and a yield of 2.3%. The ex-dividend date is Friday, November 14th. This is an increase from Honeywell International's previous quarterly dividend of $1.13. 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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