Stephens Inc. AR Has $6.84 Million Position in Honeywell International Inc. $HON

Key Points

• Stephens Inc. AR increased its stake in Honeywell International by 7.5% in the second quarter, holding 29,354 shares valued at approximately $6.84 million by the end of the period.
• Additionally, Honeywell’s CEO, Lucian Boldea, sold 42,149 shares at an average price of $221.58, significantly decreasing his ownership by over 80%.
• The company announced an increase in its quarterly dividend from $1.13 to $1.19, representing a 2.3% dividend yield based on the annualized payout.

Stephens Inc. AR lifted its holdings in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 7.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,354 shares of the conglomerate's stock after purchasing an additional 2,055 shares during the quarter. Stephens Inc. AR's holdings in Honeywell International were worth $6,836,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. BankPlus Wealth Management LLC raised its position in shares of Honeywell International by 2.2% during the second quarter. BankPlus Wealth Management LLC now owns 1,986 shares of the conglomerate's stock worth $463,000 after purchasing an additional 43 shares during the period. Maia Wealth LLC grew its holdings in shares of Honeywell International by 4.1% during the first quarter. Maia Wealth LLC now owns 1,189 shares of the conglomerate's stock worth $238,000 after buying an additional 47 shares in the last quarter. Capital Advisors Ltd. LLC grew its holdings in shares of Honeywell International by 1.8% during the second quarter. Capital Advisors Ltd. LLC now owns 2,696 shares of the conglomerate's stock worth $628,000 after buying an additional 47 shares in the last quarter. Bar Harbor Wealth Management grew its holdings in shares of Honeywell International by 0.3% during the second quarter. Bar Harbor Wealth Management now owns 15,192 shares of the conglomerate's stock worth $3,538,000 after buying an additional 47 shares in the last quarter. Finally, Kirtland Hills Capital Management LLC grew its holdings in shares of Honeywell International by 1.1% during the first quarter. Kirtland Hills Capital Management LLC now owns 4,424 shares of the conglomerate's stock worth $870,000 after buying an additional 48 shares in the last quarter. Institutional investors and hedge funds own 75.91% of the company's stock.

Insider Activity

In other news, CEO Lucian Boldea sold 42,149 shares of the firm'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 completion of the sale, 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 filing with the SEC, which is available at this link. 0.20% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on HON shares. Royal Bank Of Canada decreased their price objective 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. TD Cowen decreased their price objective on Honeywell International from $260.00 to $250.00 in a report on Tuesday, October 7th. Weiss Ratings reiterated a "buy (b-)" rating on shares of Honeywell International in a report on Wednesday, October 8th. 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 report on Thursday, October 2nd. Finally, Wells Fargo & Company decreased their price target on Honeywell International from $230.00 to $220.00 and set an "equal weight" rating for the company in a research note on Monday, October 6th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eight have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Honeywell International has a consensus rating of "Moderate Buy" and an average price target of $251.67.

Honeywell International Stock Up 1.5%

HON stock opened at $206.03 on Tuesday. The company has a quick ratio of 0.97, a current ratio of 1.29 and a debt-to-equity ratio of 1.81. The business has a 50 day moving average price of $212.43 and a two-hundred day moving average price of $217.09. The company has a market cap of $130.81 billion, a price-to-earnings ratio of 23.44, a P/E/G ratio of 2.52 and a beta of 1.06. Honeywell International Inc. has a twelve month low of $179.36 and a twelve month high of $242.77.

Honeywell International (NASDAQ:HON - Get Free Report) last posted its quarterly earnings results 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 firm 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 EPS for the current fiscal year.

Honeywell International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 14th will be given a $1.19 dividend. The ex-dividend date of this dividend is Friday, November 14th. This is a positive change 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 payout ratio is 54.15%.

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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