FSM Wealth Advisors LLC Purchases 1,404 Shares of Honeywell International Inc. $HON

Key Points

• FSM Wealth Advisors LLC boosted its stake in Honeywell International Inc. by 49.6%, acquiring an additional 1,404 shares, bringing its total holdings to 4,236 shares valued at approximately $1,014,000.
• CEO Lucian Boldea sold 42,149 shares of Honeywell at an average price of $221.58, significantly reducing his ownership by 80.31% to 10,334 shares.
• Honeywell has announced a dividend increase to $1.19 per share for the upcoming payment, up from the previous $1.13, representing a 2.2% dividend yield.

FSM Wealth Advisors LLC lifted its stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 49.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,236 shares of the conglomerate's stock after acquiring an additional 1,404 shares during the period. FSM Wealth Advisors LLC's holdings in Honeywell International were worth $1,014,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. KPP Advisory Services LLC increased its position in shares of Honeywell International by 1.8% during the second quarter. KPP Advisory Services LLC now owns 9,975 shares of the conglomerate's stock worth $2,323,000 after acquiring an additional 180 shares in the last quarter. Forum Financial Management LP increased its position in shares of Honeywell International by 7.8% during the second quarter. Forum Financial Management LP now owns 5,786 shares of the conglomerate's stock worth $1,347,000 after acquiring an additional 418 shares in the last quarter. Ethic Inc. increased its position in shares of Honeywell International by 6.8% during the second quarter. Ethic Inc. now owns 21,727 shares of the conglomerate's stock worth $4,972,000 after acquiring an additional 1,392 shares in the last quarter. Caliber Wealth Management LLC KS bought a new stake in shares of Honeywell International during the second quarter worth $319,000. Finally, Rehmann Capital Advisory Group increased its position in shares of Honeywell International by 9.6% during the second quarter. Rehmann Capital Advisory Group now owns 3,461 shares of the conglomerate's stock worth $806,000 after acquiring an additional 304 shares in the last quarter. Institutional investors own 75.91% of the company's stock.

Insider Activity at Honeywell International

In other news, CEO Lucian Boldea sold 42,149 shares of the company'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. This represents a 80.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.20% of the company's stock.

Honeywell International Stock Performance

Shares of HON stock opened at $218.15 on Thursday. The stock has a market cap of $138.51 billion, a P/E ratio of 24.83, a P/E/G ratio of 2.59 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. The company has a fifty day moving average price of $212.00 and a two-hundred day moving average price of $216.96. Honeywell International Inc. has a one year low of $179.36 and a one year high of $242.77.

Honeywell International (NASDAQ:HON - Get Free Report) last announced its quarterly earnings results on Monday, December 11th. The conglomerate reported $2.25 EPS for the quarter. The firm had revenue of $8.95 billion during the quarter. Honeywell International had a net margin of 14.30% and a return on equity of 37.37%. 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, equities analysts predict that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 14th will be given a $1.19 dividend. The ex-dividend date of this dividend is Friday, November 14th. This is a positive change from Honeywell International's previous quarterly dividend of $1.13. This represents a $4.76 annualized dividend and a dividend yield of 2.2%. Honeywell International's dividend payout ratio (DPR) is currently 51.42%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. TD Cowen decreased their target price on shares of Honeywell International from $260.00 to $250.00 in a research report on Tuesday, October 7th. Robert W. Baird decreased their target price on shares of Honeywell International from $250.00 to $220.00 and set a "neutral" rating for the company in a research report on Monday, October 13th. Barclays raised their target price on shares of Honeywell International from $258.00 to $265.00 and gave the company an "overweight" rating in a research report on Wednesday, July 9th. Jefferies Financial Group decreased 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, Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Honeywell International in a research report on Wednesday, October 8th. One investment 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 company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $251.67.

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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