FORVIS Wealth Advisors LLC Boosts Holdings in Honeywell International Inc. (NASDAQ:HON)

FORVIS Wealth Advisors LLC lifted its holdings in Honeywell International Inc. (NASDAQ:HON) by 4.0% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,267 shares of the conglomerate’s stock after purchasing an additional 164 shares during the period. FORVIS Wealth Advisors LLC’s holdings in Honeywell International were worth $876,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD increased its stake in shares of Honeywell International by 32.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,840,959 shares of the conglomerate’s stock worth $1,644,328,000 after buying an additional 1,899,373 shares during the period. International Assets Investment Management LLC raised its holdings in shares of Honeywell International by 6,557.2% in the 4th quarter. International Assets Investment Management LLC now owns 940,661 shares of the conglomerate’s stock valued at $197,266,000 after purchasing an additional 926,531 shares in the last quarter. Capital Research Global Investors lifted its position in shares of Honeywell International by 20.4% during the 4th quarter. Capital Research Global Investors now owns 3,189,925 shares of the conglomerate’s stock worth $668,959,000 after purchasing an additional 539,644 shares during the last quarter. California Public Employees Retirement System grew its stake in shares of Honeywell International by 27.5% during the fourth quarter. California Public Employees Retirement System now owns 1,739,695 shares of the conglomerate’s stock worth $364,831,000 after purchasing an additional 375,158 shares in the last quarter. Finally, First Financial Bankshares Inc purchased a new position in Honeywell International in the fourth quarter valued at $72,580,000. 75.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

HON has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $215.00 price target (down from $227.00) on shares of Honeywell International in a report on Tuesday, April 16th. Royal Bank of Canada decreased their target price on Honeywell International from $222.00 to $218.00 and set a “sector perform” rating for the company in a research note on Tuesday, June 4th. Daiwa America upgraded shares of Honeywell International to a “moderate buy” rating in a research note on Wednesday, June 5th. Barclays boosted their price objective on shares of Honeywell International from $230.00 to $232.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. Finally, Citigroup increased their target price on shares of Honeywell International from $243.00 to $244.00 and gave the company a “buy” rating in a research report on Tuesday, June 4th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $224.75.

Insider Activity

In other Honeywell International news, Director Darius Adamczyk sold 28,500 shares of the business’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $203.96, for a total value of $5,812,860.00. Following the transaction, the director now directly owns 203,510 shares of the company’s stock, valued at approximately $41,507,899.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Darius Adamczyk sold 28,500 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $203.96, for a total value of $5,812,860.00. Following the completion of the sale, the director now owns 203,510 shares in the company, valued at $41,507,899.60. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Gregory P. Lewis sold 25,209 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $193.06, for a total value of $4,866,849.54. Following the transaction, the chief financial officer now owns 55,471 shares in the company, valued at approximately $10,709,231.26. The disclosure for this sale can be found here. Corporate insiders own 0.41% of the company’s stock.

Honeywell International Stock Performance

Shares of Honeywell International stock traded down $0.77 during trading on Thursday, reaching $212.46. The company’s stock had a trading volume of 1,086,724 shares, compared to its average volume of 2,827,435. The company has a 50-day moving average price of $204.84 and a two-hundred day moving average price of $201.62. Honeywell International Inc. has a fifty-two week low of $174.88 and a fifty-two week high of $218.36. The firm has a market cap of $138.35 billion, a PE ratio of 24.62, a P/E/G ratio of 2.23 and a beta of 1.04. The company has a current ratio of 1.66, a quick ratio of 1.28 and a debt-to-equity ratio of 1.30.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings data on Thursday, April 25th. The conglomerate reported $2.25 EPS for the quarter, beating analysts’ consensus estimates of $2.17 by $0.08. Honeywell International had a net margin of 15.52% and a return on equity of 35.88%. The company had revenue of $9.11 billion for the quarter, compared to analyst estimates of $9.03 billion. During the same period in the previous year, the business posted $2.07 earnings per share. Honeywell International’s quarterly revenue was up 2.7% on a year-over-year basis. On average, analysts forecast that Honeywell International Inc. will post 10.11 EPS for the current year.

Honeywell International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Friday, May 17th were given a dividend of $1.08 per share. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $4.32 dividend on an annualized basis and a yield of 2.03%. Honeywell International’s payout ratio is 50.06%.

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.