Bay Colony Advisory Group Inc d b a Bay Colony Advisors Acquires 1,149 Shares of Honeywell International Inc. $HON

Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its position in Honeywell International Inc. (NASDAQ:HON) by 9.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 13,588 shares of the conglomerate’s stock after acquiring an additional 1,149 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ holdings in Honeywell International were worth $3,164,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in HON. Chung Wu Investment Group LLC bought a new position in shares of Honeywell International during the second quarter valued at about $26,000. Pandora Wealth Inc. bought a new stake in Honeywell International in the 1st quarter valued at about $33,000. RMG Wealth Management LLC bought a new stake in shares of Honeywell International in the second quarter valued at approximately $33,000. Activest Wealth Management raised its holdings 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 acquiring an additional 115 shares during the period. Finally, 1248 Management LLC bought a new stake in shares of Honeywell International during the first quarter valued at about $38,000. 75.91% of the stock is owned by institutional investors.

Honeywell International Price Performance

NASDAQ:HON opened at $200.11 on Friday. Honeywell International Inc. has a 52 week low of $179.36 and a 52 week high of $242.77. The business’s 50-day simple moving average is $211.54 and its two-hundred day simple moving average is $218.02. The company has a quick ratio of 1.04, a current ratio of 1.36 and a debt-to-equity ratio of 1.70. The stock has a market cap of $127.05 billion, a PE ratio of 21.09, a P/E/G ratio of 2.73 and a beta of 1.06.

Honeywell International (NASDAQ:HON) last issued its 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 38.11% and a net margin of 15.07%.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. As a group, analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Increases Dividend

The business also recently announced 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 represents a $4.76 dividend on an annualized basis and a yield of 2.4%. This is an increase from Honeywell International’s previous quarterly dividend of $1.13. Honeywell International’s payout ratio is currently 47.63%.

Insider Transactions at Honeywell International

In other Honeywell International news, CEO Lucian Boldea sold 42,149 shares of the stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $221.58, for a total transaction of $9,339,375.42. Following the transaction, the chief executive officer directly owned 10,334 shares in the company, valued at $2,289,807.72. This represents a 80.31% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.20% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms recently weighed in on HON. Morgan Stanley decreased their price objective on shares of Honeywell International from $245.00 to $235.00 and set an “equal weight” rating on the stock in a research report on Tuesday. TD Cowen cut their price target on shares of Honeywell International from $260.00 to $250.00 in a report on Tuesday, October 7th. Robert W. Baird cut their price objective on Honeywell International from $250.00 to $220.00 and set a “neutral” rating on the stock in a research report on Monday, October 13th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Honeywell International in a research report on Wednesday, October 8th. Finally, Royal Bank Of Canada upgraded shares of Honeywell International from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from $235.00 to $253.00 in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $250.25.

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.