B.O.S.S. Retirement Advisors LLC, a prominent institutional investor, has recently reduced its holdings in Honeywell International Inc. by 25.2% during the second quarter of this year. According to the company’s most recent filing with the Securities & Exchange Commission, B.O.S.S. Retirement Advisors LLC now holds 7,781 shares of Honeywell International’s stock, after selling 2,627 shares during the aforementioned period. These holdings have been valued at $1,615,000 as of the company’s most recent SEC filing.
Honeywell International Inc., a conglomerate known for its diversified range of products and services across various industries, also made headlines recently with its announcement of a quarterly dividend payment. Shareholders of record on Friday, August 11th received a dividend of $1.03 per share. This translates to an annualized dividend of $4.12 and a dividend yield of 2.13%. The ex-dividend date was on Thursday, August 10th. It is worth noting that Honeywell International maintains a dividend payout ratio of 50.99%.
This latest development reflects on the current financial decisions made by B.O.S.S. Retirement Advisors LLC regarding their investment in Honeywell International Inc.’s stock within the second quarter of this year. As an institutional investor, B.O.S.S. Retirement Advisors LLC operates within defined investment strategies and objectives to ensure optimal returns for their clients and shareholders.
Investors and industry experts will be closely observing these developments as they may offer valuable insights into both the performance and potential future trajectory of not only B.O.S.S Retirement Advisors LLC’s investment strategies but also Honeywell International Inc.’s standing within the market segments it operates in.
Given these recent activities surrounding Honeywell International Inc., it is prudent for investors to conduct further research and analysis before making any investment decisions related to this stock or any other stocks in similar sectors or industries. The information provided here is based on publicly available data as of September 17th, 2023, and may be subject to change or further updates in the future.
Disclaimer: The article above does not constitute financial advice. Please consult with a professional financial advisor before making any investment decisions.
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Analysis of Investor Profile Changes and Analyst Ratings for Honeywell International: Implications for Future Performance
Honeywell International, a multinational conglomerate known for its diverse range of products and services, has seen some recent changes in its investor profile. Several institutional investors have made adjustments to their positions in the company, indicating a potential fluctuation in market sentiment. These changes could have implications for Honeywell’s future performance and shareholder value.
Cardinal Capital Management Inc., for instance, increased its holdings in shares of Honeywell International by 2.6% during the second quarter of this year. The company now owns 117,490 shares of Honeywell’s stock valued at $24,379,000 after acquiring an additional 3,030 shares in the last quarter. Similarly, AE Wealth Management LLC saw a substantial increase of 31.3% in their holdings of Honeywell International during the same period. They now own 94,077 shares worth approximately $19,521,000.
Other investment firms such as CVA Family Office LLC and Smith Anglin Financial LLC also adjusted their holdings in Honeywell International. CVA Family Office saw an increase of 8.5% in their holdings while Smith Anglin Financial acquired a new stake altogether.
Furthermore, Moody National Bank Trust Division increased its holdings by 0.7% during the second quarter. They now own 19,529 shares valued at $4,052,000.
Institutional investors and hedge funds now collectively own 74.61% of Honeywell International’s stock. The presence of these large-scale investors suggests that there may be significant interest in the company’s growth potential and stability within various portfolios.
Equity research analysts have also weighed in on Honeywell International recently. Morgan Stanley raised their price target on the company from $219.00 to $221.00 in July this year—an indication of positive sentiment towards Honeywell’s financial prospects.
However, UBS Group lowered their price objective on Honeywell from $185.00 to $180.00 and assigned a “sell” rating to the stock. StockNews.com, on the other hand, gave Honeywell International a “hold” rating.
Overall, according to data from Bloomberg, Honeywell International has an average rating of “Hold” and an average price target of $215.07 based on these analyst opinions.
Honeywell International’s shares opened at $193.04 on Friday—a notable figure for potential investors to consider. The company boasts a market capitalization of $128.17 billion with a price-to-earnings ratio of 23.89 and a beta of 1.07—an indication of moderate volatility relative to the overall market conditions.
It is worth noting that Honeywell International reported favorable quarterly earnings data in July this year, beating consensus estimates by reporting earnings per share (EPS) of $2.23 compared to the expected EPS of $2.20. The company generated revenue of $9.10 billion during this period, slightly lower than analyst estimates.
Honeywell International’s strong return on equity of 34.46% and a net margin of 15.08% exemplify its financial stability despite potential market fluctuations.
As we move forward, it remains to be seen how these recent changes in investor positions and analyst ratings will impact Honeywell International’s prospects in the coming months. Potential investors should carefully analyze these factors when making investment decisions regarding this prominent conglomerate.
