SPC Financial Inc. Takes $308,000 Position in Honeywell International Inc. $HON

Key Points

• SPC Financial Inc. acquired a new stake in Honeywell International Inc., purchasing 1,323 shares valued at approximately $308,000.
• Honeywell's CEO, Lucian Boldea, recently sold 42,149 shares for about $9.34 million, representing an 80.31% decrease in his position.
• Honeywell increased its quarterly dividend from $1.13 to $1.19, with an annualized payout ratio of 51.42% and a yield of 2.4%.

SPC Financial Inc. acquired a new stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 1,323 shares of the conglomerate's stock, valued at approximately $308,000.

Several other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Honeywell International by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 62,209,455 shares of the conglomerate's stock valued at $13,172,852,000 after purchasing an additional 447,744 shares during the last quarter. Wellington Management Group LLP increased its position in shares of Honeywell International by 8.9% during the 1st quarter. Wellington Management Group LLP now owns 15,751,951 shares of the conglomerate's stock valued at $3,335,476,000 after purchasing an additional 1,293,137 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of Honeywell International by 9.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 6,038,080 shares of the conglomerate's stock valued at $1,278,563,000 after purchasing an additional 505,083 shares during the last quarter. Invesco Ltd. increased its position in shares of Honeywell International by 5.4% during the 1st quarter. Invesco Ltd. now owns 5,568,610 shares of the conglomerate's stock valued at $1,179,153,000 after purchasing an additional 283,193 shares during the last quarter. Finally, Nuveen LLC bought a new position in shares of Honeywell International during the 1st quarter valued at about $1,150,929,000. 75.91% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Honeywell International news, CEO Lucian Boldea sold 42,149 shares of the 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 completion of the sale, the chief executive officer owned 10,334 shares in the company, valued at approximately $2,289,807.72. This trade represents a 80.31% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.41% of the company's stock.

Honeywell International Trading Down 1.6%

NASDAQ HON opened at $200.91 on Monday. Honeywell International Inc. has a fifty-two week low of $179.36 and a fifty-two week 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 50 day simple moving average of $214.11 and a two-hundred day simple moving average of $217.25. The stock has a market cap of $127.56 billion, a P/E ratio of 22.86, a price-to-earnings-growth ratio of 2.25 and a beta of 1.06.

Honeywell International (NASDAQ:HON - Get Free Report) last released 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. On average, analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 14th will be issued a $1.19 dividend. This is an increase from Honeywell International's previous quarterly dividend of $1.13. The ex-dividend date is Friday, November 14th. This represents a $4.76 annualized dividend and a yield of 2.4%. Honeywell International's dividend payout ratio (DPR) is 51.42%.

Analyst Ratings Changes

Several equities analysts have recently commented on HON shares. Wells Fargo & Company reduced their price objective on Honeywell International from $230.00 to $220.00 and set an "equal weight" rating on the stock in a research report on Monday, October 6th. Barclays increased their target price on Honeywell International from $258.00 to $265.00 and gave the company an "overweight" rating in a report on Wednesday, July 9th. TD Cowen dropped their target price on Honeywell International from $260.00 to $250.00 in a report on Tuesday, October 7th. Weiss Ratings restated a "buy (b-)" rating on shares of Honeywell International in a report on Wednesday, October 8th. Finally, Royal Bank Of Canada dropped their target price on Honeywell International from $254.00 to $253.00 and set a "sector perform" rating for the company in a report on Friday, July 25th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $251.80.

Honeywell International 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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