Honeywell International Inc. $HON Shares Bought by Clear Creek Financial Management LLC

Key Points

• Clear Creek Financial Management LLC increased its stake in Honeywell International Inc. by 29.8%, owning 5,596 shares worth approximately $1.3 million after acquiring an additional 1,284 shares in Q2.
• Honeywell International announced a quarterly dividend increase from $1.13 to $1.19, with a yield of 2.3% and a payout ratio of 51.42%.
• Analysts have a consensus rating of Moderate Buy for Honeywell International's stock, with target prices ranging from **$225 to $271**, highlighting significant interest from institutional investors.

Clear Creek Financial Management LLC raised its stake in Honeywell International Inc. (NASDAQ:HON - Free Report) by 29.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,596 shares of the conglomerate's stock after purchasing an additional 1,284 shares during the period. Clear Creek Financial Management LLC's holdings in Honeywell International were worth $1,303,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Chung Wu Investment Group LLC acquired a new stake in Honeywell International in the 2nd quarter valued at about $26,000. RMG Wealth Management LLC acquired a new stake in Honeywell International in the 2nd quarter valued at about $33,000. Pandora Wealth Inc. acquired a new stake in Honeywell International in the 1st quarter valued at about $33,000. Dogwood Wealth Management LLC raised its position in shares of Honeywell International by 143.9% during the 2nd quarter. Dogwood Wealth Management LLC now owns 161 shares of the conglomerate's stock worth $39,000 after acquiring an additional 95 shares in the last quarter. Finally, 1248 Management LLC acquired a new stake in shares of Honeywell International during the 1st quarter worth about $38,000. Institutional investors and hedge funds own 75.91% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on HON. Morgan Stanley raised their target price on Honeywell International from $225.00 to $245.00 and gave the stock an "equal weight" rating in a research report on Monday, July 28th. Weiss Ratings reissued a "buy (b-)" rating on shares of Honeywell International in a research report on Wednesday. Jefferies Financial Group cut their target price on Honeywell International from $240.00 to $230.00 and set a "hold" rating on the stock in a research report on Tuesday. Deutsche Bank Aktiengesellschaft raised their target price on Honeywell International from $268.00 to $271.00 and gave the stock a "buy" rating in a research report on Thursday, October 2nd. Finally, Royal Bank Of Canada cut their price target on Honeywell International from $254.00 to $253.00 and set a "sector perform" rating on the stock in a research report on Friday, July 25th. One investment 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 data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $251.80.

Honeywell International Trading Down 2.7%

NASDAQ:HON opened at $204.23 on Friday. The firm has a market cap of $129.67 billion, a P/E ratio of 23.23, a PEG ratio of 2.35 and a beta of 1.06. The company has a current ratio of 1.29, a quick ratio of 0.97 and a debt-to-equity ratio of 1.81. The stock's 50 day simple moving average is $214.45 and its 200-day simple moving average is $217.28. Honeywell International Inc. has a 12-month low of $179.36 and a 12-month high of $242.77.

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. Equities analysts anticipate that Honeywell International Inc. will post 10.34 EPS 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.

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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