Valley Brook Capital Group Inc. Sells 265 Shares of Honeywell International Inc. $HON

Valley Brook Capital Group Inc. reduced its position in Honeywell International Inc. (NASDAQ:HON) by 5.6% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 4,505 shares of the conglomerate’s stock after selling 265 shares during the period. Valley Brook Capital Group Inc.’s holdings in Honeywell International were worth $1,049,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. SPC Financial Inc. bought a new stake in Honeywell International in the 2nd quarter valued at about $308,000. CWM LLC raised its stake in Honeywell International by 9.3% in the 2nd quarter. CWM LLC now owns 47,799 shares of the conglomerate’s stock valued at $11,131,000 after acquiring an additional 4,075 shares during the period. Lodestar Private Asset Management LLC raised its stake in Honeywell International by 16.2% in the 2nd quarter. Lodestar Private Asset Management LLC now owns 1,505 shares of the conglomerate’s stock valued at $350,000 after acquiring an additional 210 shares during the period. Vanguard Personalized Indexing Management LLC raised its stake in Honeywell International by 22.0% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 89,728 shares of the conglomerate’s stock valued at $20,899,000 after acquiring an additional 16,196 shares during the period. Finally, Summa Corp. bought a new stake in Honeywell International in the 2nd quarter valued at about $282,000. 75.91% of the stock is currently owned by institutional investors.

Honeywell International Stock Performance

NASDAQ:HON opened at $200.91 on Friday. The business has a 50 day moving average of $214.11 and a 200 day moving average of $217.23. The company has a market capitalization of $127.56 billion, a price-to-earnings ratio of 22.86, a PEG ratio of 2.25 and a beta of 1.06. Honeywell International Inc. has a 1-year low of $179.36 and a 1-year high of $242.77. 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 released its earnings results on Monday, December 11th. The conglomerate reported $2.25 earnings per share for the quarter. The company had revenue of $8.95 billion during the quarter. Honeywell International had a return on equity of 37.37% and a net margin of 14.30%. 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, sell-side analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 14th will be given a $1.19 dividend. The ex-dividend date is Friday, November 14th. This is an increase from Honeywell International’s previous quarterly dividend of $1.13. This represents a $4.76 annualized dividend and a yield of 2.4%. Honeywell International’s dividend payout ratio is presently 54.15%.

Insiders Place Their Bets

In other Honeywell International news, CEO Lucian Boldea sold 42,149 shares of the business’s stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $221.58, for a total value of $9,339,375.42. Following the completion of the sale, the chief executive officer owned 10,334 shares in the company, valued at approximately $2,289,807.72. The trade was a 80.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. TD Cowen lowered their price objective on Honeywell International from $260.00 to $250.00 in a research note on Tuesday, October 7th. Jefferies Financial Group reduced their target price on Honeywell International from $240.00 to $230.00 and set a “hold” rating for the company in a report on Tuesday, October 7th. Wells Fargo & Company reduced their target price on Honeywell International from $230.00 to $220.00 and set an “equal weight” rating for the company in a report on Monday, October 6th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Honeywell International in a report on Wednesday. Finally, Barclays lifted their target price on Honeywell International from $258.00 to $265.00 and gave the company an “overweight” rating in a report on Wednesday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $251.80.

Honeywell International Company 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.