Fifth Third Wealth Advisors LLC Buys 5,467 Shares of Honeywell International Inc. $HON

Key Points

• Fifth Third Wealth Advisors LLC increased its stake in Honeywell International by 28.0%, owning a total of 24,982 shares valued at approximately $5.8 million after acquiring an additional 5,467 shares in Q2.
• Honeywell International recently reported a quarterly EPS of $2.25 and projected an EPS guidance of 2.530-2.630 for Q4 2023, with annual guidance set at 9.100-9.200.
• The company is raising its quarterly dividend to $1.19 per share, up from $1.13, representing an annualized dividend yield of 2.4%.

Fifth Third Wealth Advisors LLC grew its stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 28.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 24,982 shares of the conglomerate's stock after buying an additional 5,467 shares during the quarter. Fifth Third Wealth Advisors LLC's holdings in Honeywell International were worth $5,818,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Avion Wealth grew its position in Honeywell International by 30.3% during the 2nd quarter. Avion Wealth now owns 482 shares of the conglomerate's stock worth $112,000 after acquiring an additional 112 shares during the last quarter. Trust Co. of Toledo NA OH grew its holdings in shares of Honeywell International by 0.3% in the second quarter. Trust Co. of Toledo NA OH now owns 20,767 shares of the conglomerate's stock worth $4,836,000 after purchasing an additional 65 shares during the last quarter. Drucker Wealth 3.0 LLC grew its holdings in shares of Honeywell International by 67.2% in the second quarter. Drucker Wealth 3.0 LLC now owns 3,796 shares of the conglomerate's stock worth $906,000 after purchasing an additional 1,525 shares during the last quarter. Williams & Novak LLC bought a new position in shares of Honeywell International in the second quarter worth approximately $944,000. Finally, Aberdeen Group plc grew its holdings in shares of Honeywell International by 4.5% in the second quarter. Aberdeen Group plc now owns 744,761 shares of the conglomerate's stock worth $173,440,000 after purchasing an additional 32,314 shares during the last quarter. 75.91% of the stock is currently owned by institutional investors.

Honeywell International Stock Performance

Honeywell International stock opened at $200.91 on Friday. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.97 and a current ratio of 1.29. Honeywell International Inc. has a fifty-two week low of $179.36 and a fifty-two week high of $242.77. The stock has a market cap of $127.56 billion, a price-to-earnings ratio of 22.86, a PEG ratio of 2.28 and a beta of 1.06. The stock's 50 day simple moving average is $214.11 and its two-hundred day simple moving average is $217.20.

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

Honeywell International Increases Dividend

The firm also recently disclosed 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. 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 annualized dividend and a yield of 2.4%. Honeywell International's payout ratio is presently 51.42%.

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

HON has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft raised their price target on shares of Honeywell International from $268.00 to $271.00 and gave the stock a "buy" rating in a report on Thursday, October 2nd. Barclays raised 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. Weiss Ratings reissued a "buy (b-)" rating on shares of Honeywell International in a research note on Wednesday. TD Cowen cut their target price on Honeywell International from $260.00 to $250.00 in a research note on Tuesday. Finally, Jefferies Financial Group cut their price objective on Honeywell International from $240.00 to $230.00 and set a "hold" rating on the stock in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eight have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $251.80.

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.

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