Folger Nolan Fleming Douglas Capital Management Inc. Decreases Stock Holdings in Honeywell International Inc. $HON

Folger Nolan Fleming Douglas Capital Management Inc. decreased its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 2.1% during the second quarter, Holdings Channel.com reports. The firm owned 27,133 shares of the conglomerate’s stock after selling 568 shares during the period. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in Honeywell International were worth $6,319,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Chung Wu Investment Group LLC purchased a new stake in Honeywell International during the second quarter valued at $26,000. Pandora Wealth Inc. purchased a new stake in shares of Honeywell International in the first quarter valued at $33,000. RMG Wealth Management LLC purchased a new stake in shares of Honeywell International in the second quarter valued at $33,000. 1248 Management LLC purchased a new stake in shares of Honeywell International in the first quarter valued at $38,000. Finally, Dogwood Wealth Management LLC raised its stake in shares of Honeywell International by 143.9% in the second quarter. Dogwood Wealth Management LLC now owns 161 shares of the conglomerate’s stock valued at $39,000 after acquiring an additional 95 shares during the period. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Trading Down 1.6%

HON stock opened at $200.91 on Friday. The company has a market capitalization of $127.56 billion, a PE ratio of 22.86, a P/E/G ratio of 2.28 and a beta of 1.06. Honeywell International Inc. has a 12 month low of $179.36 and a 12 month high of $242.77. The firm’s 50-day moving average is $214.11 and its 200 day moving average is $217.20. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.29 and a quick ratio of 0.97.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings results on Monday, December 11th. The conglomerate reported $2.25 EPS for the quarter. The company had revenue of $8.95 billion for the quarter. Honeywell International had a net margin of 14.30% and a return on equity of 37.37%. Honeywell International has set its Q4 2023 guidance at 2.530-2.630 EPS. FY 2023 guidance at 9.100-9.200 EPS. On average, research analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Increases Dividend

The firm 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. This represents a $4.76 annualized dividend and a yield of 2.4%. The ex-dividend date is Friday, November 14th. This is a positive change from Honeywell International’s previous quarterly dividend of $1.13. Honeywell International’s dividend payout ratio (DPR) is currently 51.42%.

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 insiders.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft increased their target price on shares of Honeywell International from $268.00 to $271.00 and gave the company a “buy” rating in a research note on Thursday, October 2nd. Royal Bank Of Canada reduced their target price on shares of Honeywell International from $254.00 to $253.00 and set a “sector perform” rating on the stock in a research note on Friday, July 25th. Weiss Ratings reissued a “buy (b-)” rating on shares of Honeywell International in a research note on Wednesday. Jefferies Financial Group reduced their target price on shares of Honeywell International from $240.00 to $230.00 and set a “hold” rating on the stock in a research note on Tuesday. Finally, Barclays increased their target price on shares of Honeywell International from $258.00 to $265.00 and gave the company an “overweight” rating in a research note on Wednesday, July 9th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $251.80.

Honeywell International 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.