Honeywell International Inc. $HON Shares Bought by Frazier Financial Advisors LLC

Frazier Financial Advisors LLC grew its position in Honeywell International Inc. (NASDAQ:HON) by 48.2% in the second quarter, HoldingsChannel reports. The institutional investor owned 203 shares of the conglomerate’s stock after purchasing an additional 66 shares during the period. Frazier Financial Advisors LLC’s holdings in Honeywell International were worth $47,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. IFC Advisors LLC increased its stake in shares of Honeywell International by 2.4% during the 2nd quarter. IFC Advisors LLC now owns 7,579 shares of the conglomerate’s stock worth $1,765,000 after purchasing an additional 181 shares in the last quarter. Founders Grove Wealth Partners LLC boosted its position in shares of Honeywell International by 5.3% in the second quarter. Founders Grove Wealth Partners LLC now owns 1,183 shares of the conglomerate’s stock worth $275,000 after acquiring an additional 60 shares during the last quarter. Morningstar Investment Management LLC purchased a new stake in shares of Honeywell International during the 2nd quarter valued at $1,362,000. RFG Advisory LLC grew its position in Honeywell International by 55.9% during the second quarter. RFG Advisory LLC now owns 3,622 shares of the conglomerate’s stock valued at $844,000 after acquiring an additional 1,298 shares during the period. Finally, Perfromance Wealth Partners LLC grew its holdings in shares of Honeywell International by 15.9% during the 2nd quarter. Perfromance Wealth Partners LLC now owns 2,550 shares of the conglomerate’s stock worth $594,000 after purchasing an additional 350 shares during the period. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Honeywell International

In other news, CEO Lucian Boldea sold 42,149 shares of the business’s 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 completion of the transaction, the chief executive officer directly owned 10,334 shares in the company, valued at approximately $2,289,807.72. The trade was a 80.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.41% of the company’s stock.

Honeywell International Stock Up 1.0%

NASDAQ:HON opened at $202.91 on Tuesday. The company has a current ratio of 1.29, a quick ratio of 0.97 and a debt-to-equity ratio of 1.81. The stock has a 50 day moving average of $213.75 and a 200-day moving average of $217.20. The firm has a market capitalization of $128.83 billion, a PE ratio of 23.08, a price-to-earnings-growth ratio of 2.25 and a beta of 1.06. Honeywell International Inc. has a 52 week low of $179.36 and a 52 week high of $242.77.

Honeywell International (NASDAQ:HON) last issued its 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 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. Analysts predict that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 14th will be paid a $1.19 dividend. The ex-dividend date is Friday, November 14th. This is an increase from Honeywell International’s previous quarterly dividend of $1.13. This represents a $4.76 annualized dividend and a dividend yield of 2.3%. Honeywell International’s dividend payout ratio (DPR) is 51.42%.

Wall Street Analysts Forecast Growth

HON has been the topic of a number of recent research reports. Weiss Ratings restated a “buy (b-)” rating on shares of Honeywell International in a research note on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft upped their target price on Honeywell International from $268.00 to $271.00 and gave the company a “buy” rating in a research report on Thursday, October 2nd. TD Cowen reduced their price objective on shares of Honeywell International from $260.00 to $250.00 in a research note on Tuesday, October 7th. Jefferies Financial Group reduced their price target on shares of Honeywell International from $240.00 to $230.00 and set a “hold” rating on the stock in a research report on Tuesday, October 7th. Finally, Royal Bank Of Canada lowered their price objective on Honeywell International from $254.00 to $253.00 and set a “sector perform” rating for the company in a report on Friday, July 25th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $251.80.

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.