Sequoia Financial Advisors LLC Acquires 12,108 Shares of Honeywell International Inc. $HON

Key Points

• Sequoia Financial Advisors LLC has increased its holdings in Honeywell International Inc. by 5.6%, acquiring an additional 12,108 shares, bringing its total ownership to 229,637 shares valued at approximately $53.48 million.
• CEO Lucian Boldea sold 42,149 shares of Honeywell's stock for over $9 million, resulting in an 80.31% decrease in his ownership, which now stands at 10,334 shares.
• Honeywell recently declared an increased quarterly dividend of $1.19, up from $1.13, with an expected annualized payout of $4.76 and a yield of 2.4%.

Sequoia Financial Advisors LLC lifted its holdings in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 5.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 229,637 shares of the conglomerate's stock after purchasing an additional 12,108 shares during the period. Sequoia Financial Advisors LLC's holdings in Honeywell International were worth $53,478,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Chung Wu Investment Group LLC acquired a new position in Honeywell International during the 2nd quarter worth approximately $26,000. RMG Wealth Management LLC acquired a new position in Honeywell International during the 2nd quarter worth approximately $33,000. Pandora Wealth Inc. acquired a new position in Honeywell International during the 1st quarter worth approximately $33,000. Dogwood Wealth Management LLC raised its stake in shares of 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 purchasing an additional 95 shares during the last quarter. Finally, 1248 Management LLC purchased a new stake in shares of Honeywell International in the first quarter worth approximately $38,000. 75.91% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Honeywell International

In other news, CEO Lucian Boldea sold 42,149 shares of the firm's stock in a transaction 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 completion of the transaction, the chief executive officer directly owned 10,334 shares of the company's stock, valued at $2,289,807.72. This trade represents a 80.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.41% of the stock is owned by insiders.

Honeywell International Price Performance

Shares of NASDAQ HON opened at $200.91 on Monday. The stock has a fifty day simple moving average of $214.11 and a two-hundred day simple moving average of $217.25. Honeywell International Inc. has a 1-year low of $179.36 and a 1-year high of $242.77. The firm has a market cap of $127.56 billion, a price-to-earnings ratio of 22.86, a price-to-earnings-growth ratio of 2.25 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.

Honeywell International (NASDAQ:HON - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $8.95 billion during 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. Analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share 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 $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 2.4%. Honeywell International's dividend payout ratio is 51.42%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on HON shares. Deutsche Bank Aktiengesellschaft increased their price objective on Honeywell International from $268.00 to $271.00 and gave the stock a "buy" rating in a research note on Thursday, October 2nd. Weiss Ratings reissued a "buy (b-)" rating on shares of Honeywell International in a research note on Wednesday, October 8th. Morgan Stanley increased their price objective on Honeywell International from $225.00 to $245.00 and gave the stock an "equal weight" rating in a research note on Monday, July 28th. Jefferies Financial Group lowered their price objective on Honeywell International from $240.00 to $230.00 and set a "hold" rating for the company in a research note on Tuesday, October 7th. Finally, TD Cowen lowered their price objective on Honeywell International from $260.00 to $250.00 in a research note on Tuesday, October 7th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus 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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