Honeywell International Inc. $HON Shares Bought by Cwm LLC

Key Points

• Cwm LLC increased its stake in Honeywell International by 9.3% during Q2 2023, now owning 47,799 shares valued at approximately $11.1 million.
• Honeywell announced an increase in its quarterly dividend from $1.13 to $1.19, resulting in an annualized dividend yield of 2.3%.
• Analysts have varied price targets for Honeywell shares, with Deutsche Bank raising its target to $271 and Wells Fargo lowering it to $220, reflecting differing outlooks on the stock's performance.

Cwm LLC lifted its stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 9.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 47,799 shares of the conglomerate's stock after purchasing an additional 4,075 shares during the quarter. Cwm LLC's holdings in Honeywell International were worth $11,131,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Lodestar Private Asset Management LLC lifted its stake in Honeywell International by 16.2% in the second quarter. Lodestar Private Asset Management LLC now owns 1,505 shares of the conglomerate's stock valued at $350,000 after buying an additional 210 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its position in Honeywell International by 22.0% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 89,728 shares of the conglomerate's stock valued at $20,899,000 after purchasing an additional 16,196 shares during the last quarter. Summa Corp. acquired a new position in Honeywell International during the 2nd quarter valued at about $282,000. Concurrent Investment Advisors LLC grew its position in Honeywell International by 19.1% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 37,100 shares of the conglomerate's stock worth $8,640,000 after purchasing an additional 5,945 shares during the last quarter. Finally, Investment Advisory Group LLC acquired a new stake in shares of Honeywell International in the second quarter valued at approximately $237,000. Institutional investors and hedge funds own 75.91% of the company's stock.

Honeywell International Stock Up 1.0%

HON opened at $202.91 on Tuesday. 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 company has a market capitalization of $128.83 billion, a PE ratio of 23.08, a P/E/G ratio of 2.25 and a beta of 1.06. The stock's fifty day moving average is $213.75 and its 200-day moving average is $217.20. 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 released its earnings results on Monday, December 11th. The conglomerate reported $2.25 earnings per share (EPS) for the quarter. Honeywell International had a return on equity of 37.37% and a net margin of 14.30%.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. On average, equities analysts predict that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Increases Dividend

The firm 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 is a boost from Honeywell International's previous quarterly dividend of $1.13. This represents a $4.76 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Friday, November 14th. Honeywell International's dividend payout ratio (DPR) is currently 51.42%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on HON shares. Deutsche Bank Aktiengesellschaft boosted their price objective on Honeywell International from $268.00 to $271.00 and gave the stock a "buy" rating in a research report on Thursday, October 2nd. Morgan Stanley boosted their price target 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. Royal Bank Of Canada decreased their price target on Honeywell International from $254.00 to $253.00 and set a "sector perform" rating for the company in a research note on Friday, July 25th. Wells Fargo & Company cut their price objective on shares of Honeywell International from $230.00 to $220.00 and set an "equal weight" rating on the stock in a research note on Monday, October 6th. Finally, Barclays upped their price objective on shares of Honeywell International from $258.00 to $265.00 and gave the stock an "overweight" rating in a report on Wednesday, July 9th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eight have assigned a Hold rating to the company's stock. According to MarketBeat.com, Honeywell International currently has an average rating of "Moderate Buy" and an average price target of $251.80.

Insiders Place Their Bets

In other Honeywell International news, CEO Lucian Boldea sold 42,149 shares of Honeywell International stock in a transaction that occurred on Wednesday, August 27th. The shares were 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 in the company, 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 filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.41% of the company's stock.

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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