Verde Servicos Internacionais S.A. acquired a new stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 38,279 shares of the conglomerate's stock, valued at approximately $8,914,000. Honeywell International comprises about 3.9% of Verde Servicos Internacionais S.A.'s investment portfolio, making the stock its 10th largest position.
Several other large investors have also recently made changes to their positions in the company. Chung Wu Investment Group LLC bought a new stake in Honeywell International in the 2nd quarter worth approximately $26,000. RMG Wealth Management LLC purchased a new position in shares of Honeywell International in the second quarter valued at $33,000. Pandora Wealth Inc. bought a new stake in Honeywell International in the first quarter worth $33,000. Dogwood Wealth Management LLC raised its stake in Honeywell International by 143.9% during the second quarter. Dogwood Wealth Management LLC now owns 161 shares of the conglomerate's stock valued at $39,000 after purchasing an additional 95 shares in the last quarter. Finally, 1248 Management LLC bought a new position in Honeywell International during the first quarter valued at $38,000. 75.91% of the stock is owned by institutional investors.
Insiders Place Their Bets
In related news, CEO Lucian Boldea sold 42,149 shares of the firm's stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $221.58, for a total transaction of $9,339,375.42. Following the sale, the chief executive officer 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.20% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
A number of research firms have recently weighed in on HON. Morgan Stanley boosted their target price on shares of Honeywell International from $225.00 to $245.00 and gave the stock an "equal weight" rating in a report on Monday, July 28th. Royal Bank Of Canada reduced their price objective on Honeywell International from $254.00 to $253.00 and set a "sector perform" rating on the stock in a research note on Friday, July 25th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Honeywell International in a research note 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. Finally, TD Cowen decreased their price target on Honeywell International from $260.00 to $250.00 in a report on Tuesday. 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 company. Based on data from MarketBeat.com, Honeywell International has an average rating of "Moderate Buy" and a consensus target price of $251.80.
View Our Latest Stock Analysis on HON
Honeywell International Price Performance
Shares of HON opened at $204.23 on Friday. 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 50 day moving average price of $214.45 and a 200-day moving average price of $217.28. Honeywell International Inc. has a fifty-two week low of $179.36 and a fifty-two week high of $242.77. The stock has a market capitalization of $129.67 billion, a PE ratio of 23.23, a PEG ratio of 2.35 and a beta of 1.06.
Honeywell International (NASDAQ:HON - Get Free Report) last issued its quarterly earnings data on Monday, December 11th. The conglomerate reported $2.25 earnings per share (EPS) for the quarter. The company had revenue of $8.95 billion for the quarter. Honeywell International had a net margin of 14.30% and a return on equity of 37.37%. 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 predict that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.
Honeywell International Increases Dividend
The business also recently disclosed 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 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 dividend on an annualized basis and a dividend yield of 2.3%. Honeywell International's dividend payout ratio (DPR) is currently 51.42%.
Honeywell International Profile
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Free Report)
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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