Vivid Wealth Management LLC Makes New Investment in Honeywell International Inc. $HON

Key Points

• Vivid Wealth Management LLC invested approximately $476,000 in Honeywell International by purchasing 2,042 shares during the second quarter.
• Honeywell International's quarterly earnings showed $2.25 earnings per share and revenue of $8.95 billion, with guidance for Q4 2023 set between 2.530-2.630 EPS.
• The company announced an increase in its quarterly dividend from $1.13 to $1.19, reflecting a yield of 2.3%, which will be paid on December 5th.

Vivid Wealth Management LLC purchased a new position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 2,042 shares of the conglomerate's stock, valued at approximately $476,000.

A number of other large investors also recently bought and sold shares of the stock. Verde Servicos Internacionais S.A. purchased a new position in Honeywell International during the second quarter worth approximately $8,914,000. Coordinated Financial Services Inc. purchased a new position in shares of Honeywell International in the 2nd quarter valued at $439,000. Moseley Investment Management Inc. raised its stake in shares of Honeywell International by 1.4% in the 2nd quarter. Moseley Investment Management Inc. now owns 9,457 shares of the conglomerate's stock valued at $2,202,000 after acquiring an additional 133 shares during the period. Horizon Bancorp Inc. IN raised its stake in shares of Honeywell International by 7.2% in the 2nd quarter. Horizon Bancorp Inc. IN now owns 978 shares of the conglomerate's stock valued at $228,000 after acquiring an additional 66 shares during the period. Finally, IFP Advisors Inc raised its stake in shares of Honeywell International by 43.3% in the 2nd quarter. IFP Advisors Inc now owns 23,739 shares of the conglomerate's stock valued at $5,831,000 after acquiring an additional 7,168 shares during the period. Hedge funds and other institutional investors own 75.91% of the company's stock.

Honeywell International Price Performance

HON opened at $204.23 on Friday. The company has a fifty day simple moving average of $214.45 and a 200 day simple moving average of $217.28. The firm has a market cap of $129.67 billion, a price-to-earnings ratio of 23.23, a PEG ratio of 2.35 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 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 released its quarterly earnings results 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 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 research analysts expect that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Increases Dividend

The business also recently announced 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. This represents a $4.76 annualized dividend and a dividend yield of 2.3%. 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. Honeywell International's payout ratio is presently 51.42%.

Insider Buying and Selling

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 transaction of $9,339,375.42. Following the transaction, 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 position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.20% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft raised their target price on shares of Honeywell International from $268.00 to $271.00 and gave the company a "buy" rating in a research note on Thursday, October 2nd. TD Cowen cut their target price on shares of Honeywell International from $260.00 to $250.00 in a research note on Tuesday. Weiss Ratings reissued a "buy (b-)" rating on shares of Honeywell International in a research note on Wednesday. Royal Bank Of Canada cut their target price on shares of 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. Finally, Wells Fargo & Company cut their target price on shares of Honeywell International from $230.00 to $220.00 and set an "equal weight" rating on the stock in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, Honeywell International currently has an average 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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