Valmark Advisers Inc. Buys 466 Shares of Honeywell International Inc. $HON

Valmark Advisers Inc. raised its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 10.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,996 shares of the conglomerate’s stock after acquiring an additional 466 shares during the period. Valmark Advisers Inc.’s holdings in Honeywell International were worth $1,163,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. BankPlus Wealth Management LLC boosted its holdings in Honeywell International by 2.2% during the 2nd quarter. BankPlus Wealth Management LLC now owns 1,986 shares of the conglomerate’s stock valued at $463,000 after acquiring an additional 43 shares during the period. Maia Wealth LLC boosted its holdings in Honeywell International by 4.1% during the 1st quarter. Maia Wealth LLC now owns 1,189 shares of the conglomerate’s stock valued at $238,000 after acquiring an additional 47 shares during the period. Kirtland Hills Capital Management LLC boosted its holdings in Honeywell International by 1.1% during the 1st quarter. Kirtland Hills Capital Management LLC now owns 4,424 shares of the conglomerate’s stock valued at $870,000 after acquiring an additional 48 shares during the period. Sound View Wealth Advisors Group LLC boosted its holdings in Honeywell International by 0.6% during the 1st quarter. Sound View Wealth Advisors Group LLC now owns 8,769 shares of the conglomerate’s stock valued at $1,857,000 after acquiring an additional 48 shares during the period. Finally, Gateway Wealth Partners LLC boosted its holdings in Honeywell International by 2.5% during the 1st quarter. Gateway Wealth Partners LLC now owns 2,044 shares of the conglomerate’s stock valued at $433,000 after acquiring an additional 49 shares during the period. 75.91% of the stock is currently owned by institutional investors.

Honeywell International Trading Down 2.7%

Shares of NASDAQ:HON opened at $204.23 on Friday. The business’s 50-day moving average is $214.45 and its 200 day moving average is $217.28. Honeywell International Inc. has a 1 year low of $179.36 and a 1 year high of $242.77. The firm has a market capitalization of $129.67 billion, a P/E ratio of 23.23, a P/E/G ratio of 2.35 and a beta of 1.06. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.29 and a quick ratio of 0.97.

Honeywell International (NASDAQ:HON) last announced its earnings results on Monday, December 11th. The conglomerate reported $2.25 earnings per share (EPS) for the quarter. Honeywell International had a return on equity of 37.37% and a net margin of 14.30%.The company had revenue of $8.95 billion for 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, research analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 14th will be issued a $1.19 dividend. This is a boost 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%. The ex-dividend date of this dividend is Friday, November 14th. Honeywell International’s dividend payout ratio is currently 51.42%.

Analyst Ratings Changes

Several brokerages have weighed in on HON. 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. TD Cowen lowered their target price on Honeywell International from $260.00 to $250.00 in a report on Tuesday. Wells Fargo & Company lowered their target price on Honeywell International from $230.00 to $220.00 and set an “equal weight” rating for the company in a report on Monday. Jefferies Financial Group decreased their price objective on Honeywell International from $240.00 to $230.00 and set a “hold” rating for the company in a research note on Tuesday. Finally, Morgan Stanley upped their price objective on Honeywell International from $225.00 to $245.00 and gave the stock an “equal weight” rating in a research note on Monday, July 28th. One 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. According to MarketBeat, Honeywell International currently has an average rating of “Moderate Buy” and a consensus target price of $251.80.

Insider Buying and Selling at Honeywell International

In other 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 value of $9,339,375.42. Following the transaction, the chief executive officer directly owned 10,334 shares of the company’s stock, valued at approximately $2,289,807.72. This 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 accessible through the SEC website. Corporate insiders own 0.20% of the company’s stock.

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.