Drucker Wealth 3.0 LLC Has $906,000 Stake in Honeywell International Inc. $HON

Drucker Wealth 3.0 LLC boosted its position in shares of Honeywell International Inc. (NASDAQ:HON) by 67.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,796 shares of the conglomerate’s stock after acquiring an additional 1,525 shares during the period. Drucker Wealth 3.0 LLC’s holdings in Honeywell International were worth $906,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in HON. Red Door Wealth Management LLC raised its position in shares of Honeywell International by 2.6% during the first quarter. Red Door Wealth Management LLC now owns 29,090 shares of the conglomerate’s stock valued at $6,160,000 after buying an additional 736 shares during the last quarter. Amundi raised its holdings in Honeywell International by 30.2% in the 1st quarter. Amundi now owns 519,882 shares of the conglomerate’s stock valued at $107,450,000 after acquiring an additional 120,706 shares in the last quarter. Spinnaker Trust raised its holdings in Honeywell International by 2.4% in the 1st quarter. Spinnaker Trust now owns 11,598 shares of the conglomerate’s stock valued at $2,456,000 after acquiring an additional 276 shares in the last quarter. Integrated Wealth Concepts LLC raised its stake in shares of Honeywell International by 11.4% in the first quarter. Integrated Wealth Concepts LLC now owns 28,502 shares of the conglomerate’s stock valued at $6,035,000 after purchasing an additional 2,915 shares in the last quarter. Finally, Baxter Bros Inc. lifted its position in Honeywell International by 14.6% in the second quarter. Baxter Bros Inc. now owns 35,733 shares of the conglomerate’s stock worth $8,321,000 after purchasing an additional 4,543 shares during the period. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Stock Performance

NASDAQ HON opened at $200.91 on Friday. The firm has a market cap of $127.56 billion, a price-to-earnings ratio of 22.86, a PEG ratio of 2.28 and a beta of 1.06. The company has a 50 day moving average of $214.11 and a 200-day moving average of $217.20. 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 Inc. has a 1-year low of $179.36 and a 1-year high of $242.77.

Honeywell International (NASDAQ:HON) last released its quarterly earnings results on Monday, December 11th. The conglomerate reported $2.25 earnings per share for the quarter. Honeywell International had a return on equity of 37.37% and a net margin of 14.30%.The firm 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. On average, equities analysts forecast 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. Shareholders of record on Friday, November 14th will be given a $1.19 dividend. This represents a $4.76 annualized dividend and a yield of 2.4%. The ex-dividend date is Friday, November 14th. This is a boost from Honeywell International’s previous quarterly dividend of $1.13. Honeywell International’s dividend payout ratio is 51.42%.

Analyst Ratings Changes

Several research analysts recently commented on HON shares. Royal Bank Of Canada reduced their target price on Honeywell International from $254.00 to $253.00 and set a “sector perform” rating for the company in a research report on Friday, July 25th. Deutsche Bank Aktiengesellschaft increased their price objective 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. Barclays increased their price target on shares of Honeywell International from $258.00 to $265.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 9th. Weiss Ratings reissued a “buy (b-)” rating on shares of Honeywell International in a research report on Wednesday. Finally, Wells Fargo & Company dropped 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, October 6th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $251.80.

Insiders Place Their Bets

In other Honeywell International news, CEO Lucian Boldea sold 42,149 shares of the firm’s stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $221.58, for a total value of $9,339,375.42. Following the completion of the sale, the chief executive officer 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.20% of the company’s stock.

Honeywell International Company 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.