Honeywell International Inc. $HON Position Raised by Concurrent Investment Advisors LLC

Key Points

• Concurrent Investment Advisors LLC raised its position in Honeywell International Inc. by 19.1% during the 2nd quarter, now owning 37,100 shares worth approximately $8.64 million.
• Honeywell International announced a quarterly dividend increase to $1.19 per share, which represents a 2.4% dividend yield and will be paid to shareholders on December 5th.
• Honeywell's stock is currently trading at $200.91, below its 12-month high of $242.77, with analysts maintaining a consensus rating of "Moderate Buy."

Concurrent Investment Advisors LLC increased its position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 19.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,100 shares of the conglomerate's stock after purchasing an additional 5,945 shares during the period. Concurrent Investment Advisors LLC's holdings in Honeywell International were worth $8,640,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Chung Wu Investment Group LLC bought a new stake in Honeywell International during the second quarter worth approximately $26,000. RMG Wealth Management LLC acquired a new position in Honeywell International in the second quarter worth approximately $33,000. Pandora Wealth Inc. acquired a new position in Honeywell International in the first quarter worth approximately $33,000. Dogwood Wealth Management LLC grew its position in Honeywell International by 143.9% in the second quarter. Dogwood Wealth Management LLC now owns 161 shares of the conglomerate's stock worth $39,000 after buying an additional 95 shares during the last quarter. Finally, 1248 Management LLC acquired a new position in Honeywell International in the first quarter worth approximately $38,000. Institutional investors own 75.91% of the company's stock.

Honeywell International Trading Down 1.6%

NASDAQ HON opened at $200.91 on Monday. Honeywell International Inc. has a twelve month low of $179.36 and a twelve month high of $242.77. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.97 and a current ratio of 1.29. The stock has a market cap of $127.56 billion, a price-to-earnings ratio of 22.86, a PEG ratio of 2.25 and a beta of 1.06. The firm's 50 day moving average price is $214.11 and its two-hundred day moving average price is $217.25.

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

Honeywell International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 14th will be issued a dividend of $1.19 per share. The ex-dividend date is Friday, November 14th. This represents a $4.76 annualized dividend and a dividend yield of 2.4%. This is an increase from Honeywell International's previous quarterly dividend of $1.13. Honeywell International's dividend payout ratio is presently 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 on 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 transaction, the chief executive officer directly owned 10,334 shares in the company, valued at $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 available at this link. 0.41% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Honeywell International from $268.00 to $271.00 and gave the stock a "buy" rating in a research report on Thursday, October 2nd. Weiss Ratings restated a "buy (b-)" rating on shares of Honeywell International in a research report on Wednesday, October 8th. Jefferies Financial Group decreased their price target on shares of Honeywell International from $240.00 to $230.00 and set a "hold" rating on the stock in a research report on Tuesday, October 7th. Barclays lifted their price target on shares of Honeywell International from $258.00 to $265.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 9th. Finally, TD Cowen decreased their price target on shares of Honeywell International from $260.00 to $250.00 in a research report on Tuesday, October 7th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, Honeywell International has a consensus rating of "Moderate Buy" and a consensus target price of $251.80.

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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