JFS Wealth Advisors LLC Has $2.17 Million Stock Position in Honeywell International Inc. $HON

JFS Wealth Advisors LLC reduced its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 3.5% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 9,303 shares of the conglomerate’s stock after selling 336 shares during the period. JFS Wealth Advisors LLC’s holdings in Honeywell International were worth $2,166,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Chung Wu Investment Group LLC bought a new position in shares of Honeywell International during the 2nd quarter worth approximately $26,000. Pandora Wealth Inc. bought a new position in shares of Honeywell International during the 1st quarter worth approximately $33,000. RMG Wealth Management LLC bought a new position in shares of Honeywell International during the 2nd quarter worth approximately $33,000. 1248 Management LLC bought a new position in shares of Honeywell International during the 1st quarter worth approximately $38,000. Finally, Dogwood Wealth Management LLC grew its stake in shares of Honeywell International by 143.9% during the 2nd quarter. Dogwood Wealth Management LLC now owns 161 shares of the conglomerate’s stock worth $39,000 after acquiring an additional 95 shares in the last quarter. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Honeywell International

In other Honeywell International news, CEO Lucian Boldea sold 42,149 shares of the firm’s stock in a transaction 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 completion of 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 position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.20% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have recently weighed in on HON. Wells Fargo & Company decreased their price target on shares of 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. Deutsche Bank Aktiengesellschaft raised their price target on shares of Honeywell International from $268.00 to $271.00 and gave the stock a “buy” rating in a research note on Thursday, October 2nd. Barclays raised their price target on shares of Honeywell International from $258.00 to $265.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 9th. TD Cowen decreased their target price on shares of Honeywell International from $260.00 to $250.00 in a research note on Tuesday. Finally, Jefferies Financial Group decreased their target price on shares of Honeywell International from $240.00 to $230.00 and set a “hold” rating for the company in a research note on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Honeywell International currently has a consensus rating of “Moderate Buy” and an average price target of $251.80.

Honeywell International Trading Down 1.6%

Shares of Honeywell International stock opened at $200.91 on Friday. The business has a fifty day simple moving average of $214.11 and a two-hundred day simple moving average of $217.20. Honeywell International Inc. has a 1 year low of $179.36 and a 1 year high of $242.77. The company has a market capitalization of $127.56 billion, a price-to-earnings ratio of 22.86, a P/E/G ratio of 2.28 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 quarterly 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 business 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. Research analysts forecast 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. The ex-dividend date of this dividend is Friday, November 14th. This represents a $4.76 annualized dividend and a yield of 2.4%. This is a positive change from Honeywell International’s previous quarterly dividend of $1.13. Honeywell International’s payout ratio is 51.42%.

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.