Pullen Investment Management LLC Sells 51 Shares of Honeywell International Inc. $HON

Pullen Investment Management LLC trimmed its position in Honeywell International Inc. (NASDAQ:HON) by 0.7% in the second quarter, according to its most recent filing with the SEC. The fund owned 7,577 shares of the conglomerate’s stock after selling 51 shares during the period. Pullen Investment Management LLC’s holdings in Honeywell International were worth $1,765,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of HON. Chung Wu Investment Group LLC bought a new position in shares of Honeywell International in the 2nd quarter valued at $26,000. Pandora Wealth Inc. bought a new position in shares of Honeywell International in the 1st quarter valued at $33,000. RMG Wealth Management LLC bought a new position in shares of Honeywell International in the 2nd quarter valued at $33,000. Activest Wealth Management lifted its stake in shares of Honeywell International by 425.9% in the 2nd quarter. Activest Wealth Management now owns 142 shares of the conglomerate’s stock valued at $33,000 after acquiring an additional 115 shares during the last quarter. Finally, 1248 Management LLC bought a new position in shares of Honeywell International in the 1st quarter valued at $38,000. 75.91% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Honeywell International

In other news, CEO Lucian Boldea sold 42,149 shares of Honeywell International stock in a transaction dated 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 transaction, the chief executive officer directly owned 10,334 shares of the company’s stock, valued at approximately $2,289,807.72. This trade represents a 80.31% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on HON. Citigroup raised their target price on Honeywell International from $265.00 to $267.00 and gave the stock a “buy” rating in a research report on Friday. Royal Bank Of Canada lowered their target price on Honeywell International from $253.00 to $235.00 and set a “sector perform” rating for the company in a research report on Friday. Robert W. Baird lowered their target price on Honeywell International from $250.00 to $220.00 and set a “neutral” rating for the company in a research report on Monday, October 13th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Honeywell International in a research report on Saturday. Finally, Jefferies Financial Group lowered their target price on Honeywell International from $240.00 to $230.00 and set a “hold” rating for the company in a research report on Tuesday, October 7th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $251.60.

Honeywell International Stock Performance

HON stock opened at $216.14 on Friday. The stock has a 50-day moving average price of $212.04 and a 200-day moving average price of $217.66. Honeywell International Inc. has a 1-year low of $179.36 and a 1-year high of $242.77. The company has a current ratio of 1.36, a quick ratio of 0.97 and a debt-to-equity ratio of 1.70. The firm has a market cap of $137.23 billion, a PE ratio of 22.78, a price-to-earnings-growth ratio of 2.64 and a beta of 1.06.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings data on Monday, December 11th. The conglomerate reported $2.25 earnings per share for the quarter. Honeywell International had a return on equity of 38.11% and a net margin of 15.07%.The firm had revenue of $8.95 billion during the quarter. Honeywell International has set its Q4 2023 guidance at 2.530-2.630 EPS. FY 2023 guidance at 9.100-9.200 EPS. As a group, equities research analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 14th will be given a $1.19 dividend. This is a boost from Honeywell International’s previous quarterly dividend of $1.13. The ex-dividend date of this dividend is Friday, November 14th. This represents a $4.76 annualized dividend and a dividend yield of 2.2%. Honeywell International’s dividend payout ratio is 51.42%.

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.