Vest Financial LLC Has $3.40 Million Holdings in Honeywell International Inc. $HON

Key Points

• Vest Financial LLC increased its holdings in Honeywell International by 35.9% in the second quarter, totaling $3.40 million in shares after acquiring an additional 3,852 shares.
• Honeywell International announced an increase in its quarterly dividend to $1.19 per share, reflecting a yield of 2.3% and a dividend payout ratio of 54.15%.
• Recent analyst reports show a consensus rating of Moderate Buy for Honeywell stock, with an average price target of $252.00.

Vest Financial LLC boosted its holdings in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 35.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,596 shares of the conglomerate's stock after acquiring an additional 3,852 shares during the period. Vest Financial LLC's holdings in Honeywell International were worth $3,399,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in HON. BankPlus Wealth Management LLC lifted its holdings in shares of Honeywell International by 2.2% in the second quarter. BankPlus Wealth Management LLC now owns 1,986 shares of the conglomerate's stock valued at $463,000 after purchasing an additional 43 shares in the last quarter. Maia Wealth LLC raised its holdings in 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 acquiring an additional 47 shares in the last quarter. Bar Harbor Wealth Management raised its holdings in 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 acquiring an additional 47 shares in the last quarter. Capital Advisors Ltd. LLC raised its holdings in 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 acquiring an additional 47 shares in the last quarter. Finally, Kirtland Hills Capital Management LLC raised its holdings in 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 acquiring an additional 48 shares in the last quarter. 75.91% of the stock is currently owned by institutional investors.

Honeywell International Stock Performance

NASDAQ HON opened at $208.61 on Wednesday. The company has a market capitalization of $132.45 billion, a price-to-earnings ratio of 23.73, a PEG ratio of 2.27 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. The stock has a fifty day simple moving average of $213.50 and a 200 day simple moving average of $217.14. The company has a quick ratio of 0.97, a current ratio of 1.29 and a debt-to-equity ratio of 1.81.

Honeywell International (NASDAQ:HON - Get Free Report) last posted its quarterly earnings data on Monday, December 11th. The conglomerate reported $2.25 earnings per share for the quarter. The business had revenue of $8.95 billion during the quarter. Honeywell International had a return on equity of 37.37% and a net margin of 14.30%. Honeywell International has set its Q4 2023 guidance at 2.530-2.630 EPS. FY 2023 guidance at 9.100-9.200 EPS. Sell-side analysts expect that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 14th will be issued a dividend of $1.19 per share. This represents a $4.76 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Friday, November 14th. This is an increase from Honeywell International's previous quarterly dividend of $1.13. Honeywell International's dividend payout ratio (DPR) is 54.15%.

Insiders Place Their Bets

In other Honeywell International news, CEO Lucian Boldea sold 42,149 shares of the 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 completion of the sale, the chief executive officer directly 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.41% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft upped their target price on Honeywell International from $268.00 to $271.00 and gave the stock a "buy" rating in a 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. TD Cowen lowered their price target on Honeywell International from $260.00 to $250.00 in a research report on Tuesday, October 7th. Robert W. Baird lowered their price target on Honeywell International from $250.00 to $220.00 and set a "neutral" rating on the stock in a research report on Monday. Finally, Jefferies Financial Group lowered their price target on Honeywell International from $240.00 to $230.00 and set a "hold" rating on the stock in a research report on Tuesday, October 7th. One investment 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 company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $252.00.

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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