Bessemer Group Inc. Purchases 4,417 Shares of Honeywell International Inc. $HON

Bessemer Group Inc. raised its position in shares of Honeywell International Inc. (NASDAQ:HON) by 0.8% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 593,005 shares of the conglomerate’s stock after purchasing an additional 4,417 shares during the period. Bessemer Group Inc. owned about 0.09% of Honeywell International worth $138,099,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of HON. Chung Wu Investment Group LLC purchased a new position in shares of Honeywell International in the 2nd quarter valued at $26,000. Pandora Wealth Inc. purchased a new position in Honeywell International during the 1st quarter worth $33,000. RMG Wealth Management LLC purchased a new stake in Honeywell International during the 2nd quarter valued at about $33,000. Activest Wealth Management grew its stake in Honeywell International by 425.9% during the 2nd quarter. Activest Wealth Management now owns 142 shares of the conglomerate’s stock valued at $33,000 after purchasing an additional 115 shares during the last quarter. Finally, 1248 Management LLC purchased a new stake in Honeywell International during the 1st quarter valued at about $38,000. 75.91% of the stock is owned by institutional investors.

Insider Activity at Honeywell International

In other Honeywell International news, CEO Lucian Boldea sold 42,149 shares of the 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 owned 10,334 shares of the company’s stock, valued at $2,289,807.72. This represents a 80.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.20% of the stock is owned by insiders.

Wall Street Analyst Weigh In

HON has been the topic of a number of recent research reports. JPMorgan Chase & Co. upped their target price on Honeywell International from $212.00 to $218.00 and gave the stock a “neutral” rating in a research note on Friday. TD Cowen lowered their target price on Honeywell International from $260.00 to $250.00 in a research note on Tuesday, October 7th. Weiss Ratings restated a “buy (b-)” rating on shares of Honeywell International in a research note on Saturday. Royal Bank Of Canada lowered their target price on Honeywell International from $253.00 to $235.00 and set a “sector perform” rating on the stock in a research note on Friday. Finally, Wells Fargo & Company upped their price target on Honeywell International from $220.00 to $230.00 in a report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Honeywell International has an average rating of “Moderate Buy” and a consensus price target of $251.60.

Honeywell International Price Performance

Shares of Honeywell International stock opened at $216.14 on Monday. The business has a 50 day simple moving average of $212.04 and a two-hundred day simple moving average of $217.79. Honeywell International Inc. has a 12 month low of $179.36 and a 12 month high of $242.77. The stock has a market capitalization of $137.23 billion, a P/E ratio of 22.78, a PEG ratio of 2.64 and a beta of 1.06. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.36 and a quick ratio of 1.04.

Honeywell International (NASDAQ:HON) last announced its earnings results on Monday, December 11th. The conglomerate reported $2.25 EPS for the quarter. Honeywell International had a return on equity of 38.11% and a net margin of 15.07%.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. As a group, analysts predict that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Increases Dividend

The company also recently announced 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 is an increase 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 2.2%. Honeywell International’s payout ratio is currently 50.16%.

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.