BDO Wealth Advisors LLC Cuts Holdings in Honeywell International Inc. (NASDAQ:HON)

Posted by Defense World Staff on Apr 12th, 2023

Honeywell International logo BDO Wealth Advisors LLC trimmed its holdings in Honeywell International Inc. (NASDAQ:HON – Get Rating) by 4.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,558 shares of the conglomerate’s stock after selling 73 shares during the quarter. BDO Wealth Advisors LLC’s holdings in Honeywell International were worth $334,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in HON. Ironwood Wealth Management LLC. lifted its holdings in shares of Honeywell International by 2.9% in the 1st quarter. Ironwood Wealth Management LLC. now owns 3,598 shares of the conglomerate’s stock worth $700,000 after acquiring an additional 100 shares during the last quarter. Fairfield Bush & CO. raised its holdings in Honeywell International by 5.4% during the 1st quarter. Fairfield Bush & CO. now owns 9,581 shares of the conglomerate’s stock valued at $1,864,000 after buying an additional 492 shares during the last quarter. United Bank raised its holdings in Honeywell International by 25.0% during the 1st quarter. United Bank now owns 8,404 shares of the conglomerate’s stock valued at $1,635,000 after buying an additional 1,683 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in Honeywell International by 31.7% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 780,906 shares of the conglomerate’s stock valued at $151,949,000 after purchasing an additional 187,936 shares during the period. Finally, AMI Investment Management Inc. increased its stake in shares of Honeywell International by 16.8% during the first quarter. AMI Investment Management Inc. now owns 1,149 shares of the conglomerate’s stock valued at $224,000 after buying an additional 165 shares during the period. 74.30% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft cut their price target on shares of Honeywell International from $242.00 to $235.00 in a report on Friday, February 3rd. UBS Group reduced their target price on Honeywell International from $193.00 to $185.00 and set a “sell” rating on the stock in a report on Tuesday, February 28th. HSBC raised their target price on Honeywell International from $190.00 to $205.00 and gave the company a “hold” rating in a research note on Tuesday, February 14th. Wells Fargo & Company upped their price target on Honeywell International from $206.00 to $209.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 19th. Finally, Morgan Stanley raised their price objective on Honeywell International from $209.00 to $213.00 and gave the company an “equal weight” rating in a research report on Friday, February 3rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, Honeywell International currently has a consensus rating of “Hold” and a consensus target price of $215.13.

Honeywell International Price Performance

Shares of NASDAQ:HON opened at $192.19 on Wednesday. Honeywell International Inc. has a 1-year low of $166.63 and a 1-year high of $220.96. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.25 and a quick ratio of 0.98. The business has a fifty day moving average price of $194.66 and a 200-day moving average price of $201.19. The company has a market capitalization of $128.41 billion, a PE ratio of 26.44, a PEG ratio of 2.37 and a beta of 1.09.

Honeywell International (NASDAQ:HON – Get Rating) last released its quarterly earnings data on Thursday, February 2nd. The conglomerate reported $2.52 EPS for the quarter, topping the consensus estimate of $2.51 by $0.01. Honeywell International had a return on equity of 32.89% and a net margin of 14.00%. The company had revenue of $9.19 billion during the quarter, compared to the consensus estimate of $9.26 billion. During the same period last year, the company earned $2.09 EPS. Honeywell International’s revenue for the quarter was up 6.1% on a year-over-year basis. As a group, equities analysts expect that Honeywell International Inc. will post 9.04 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 10th. Investors of record on Friday, February 24th were issued a $1.03 dividend. The ex-dividend date was Thursday, February 23rd. This represents a $4.12 annualized dividend and a yield of 2.14%. Honeywell International’s payout ratio is 56.67%.

Honeywell International Company Profile

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Honeywell International, Inc is a software industrial company, which offers industry specific solutions to aerospace and automotive products and services. It specializes in turbochargers control, sensing and security technologies for buildings and homes, specialty chemicals, electronic and advanced materials, process technology for refining and petrochemicals, and energy efficient products and solutions for homes, business, and transportation.