Triton Financial Group Inc Invests $1 Million in Honeywell International Inc. $HON

Triton Financial Group Inc bought a new stake in shares of Honeywell International Inc. (NASDAQ:HON) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 4,298 shares of the conglomerate’s stock, valued at approximately $1,001,000.

Other hedge funds have also recently bought and sold shares of the company. Pittenger & Anderson Inc. grew its position in Honeywell International by 5.3% in the 2nd quarter. Pittenger & Anderson Inc. now owns 72,314 shares of the conglomerate’s stock worth $16,840,000 after purchasing an additional 3,638 shares during the last quarter. Phoenix Financial Ltd. lifted its stake in shares of Honeywell International by 11.1% in the second quarter. Phoenix Financial Ltd. now owns 8,823 shares of the conglomerate’s stock valued at $2,053,000 after buying an additional 883 shares during the period. Schnieders Capital Management LLC grew its position in Honeywell International by 18.3% during the second quarter. Schnieders Capital Management LLC now owns 7,920 shares of the conglomerate’s stock worth $1,844,000 after buying an additional 1,223 shares in the last quarter. Townsend & Associates Inc bought a new position in Honeywell International during the second quarter valued at about $202,000. Finally, CORDA Investment Management LLC. increased its stake in Honeywell International by 1.8% during the second quarter. CORDA Investment Management LLC. now owns 98,193 shares of the conglomerate’s stock valued at $22,867,000 after acquiring an additional 1,760 shares during the period. 75.91% of the stock is owned by institutional investors.

Insider Activity

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 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 $2,289,807.72. The trade was a 80.31% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.20% of the company’s stock.

Wall Street Analysts Forecast Growth

HON has been the topic of several recent research reports. Morgan Stanley lifted their price objective on Honeywell International from $225.00 to $245.00 and gave the stock an “equal weight” rating in a report on Monday, July 28th. Robert W. Baird reduced their target price on Honeywell International from $250.00 to $220.00 and set a “neutral” rating for the company in a research report on Monday, October 13th. Weiss Ratings reissued a “buy (b-)” rating on shares of Honeywell International in a report on Wednesday, October 8th. Barclays increased their price objective on shares of Honeywell International from $258.00 to $265.00 and gave the company an “overweight” rating in a research note on Wednesday, July 9th. Finally, Royal Bank Of Canada reduced their price objective on shares of 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 equities research 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $251.67.

Honeywell International Stock Performance

Honeywell International stock opened at $206.03 on Tuesday. The firm has a market capitalization of $130.81 billion, a P/E ratio of 23.44, a P/E/G ratio of 2.52 and a beta of 1.06. The stock has a fifty day moving average price of $212.43 and a two-hundred day moving average price of $217.09. Honeywell International Inc. has a 52-week low of $179.36 and a 52-week high of $242.77. 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 issued its earnings results on Monday, December 11th. The conglomerate reported $2.25 EPS for the quarter. The company had revenue of $8.95 billion for 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. As a group, analysts anticipate that Honeywell International Inc. will post 10.34 EPS 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 dividend of $1.19 per share. The ex-dividend date of this dividend is Friday, November 14th. This is a positive change 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 54.15%.

About Honeywell International

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.