Honeywell International Inc. $HON Shares Sold by United Asset Strategies Inc.

United Asset Strategies Inc. reduced its stake in Honeywell International Inc. (NASDAQ:HON) by 45.8% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 10,796 shares of the conglomerate’s stock after selling 9,120 shares during the period. United Asset Strategies Inc.’s holdings in Honeywell International were worth $2,514,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Amundi raised its stake in shares of Honeywell International by 30.2% in the first quarter. Amundi now owns 519,882 shares of the conglomerate’s stock valued at $107,450,000 after acquiring an additional 120,706 shares in the last quarter. Triton Financial Group Inc purchased a new stake in Honeywell International during the 2nd quarter worth about $1,001,000. Baxter Bros Inc. raised its position in Honeywell International by 14.6% in the 2nd quarter. Baxter Bros Inc. now owns 35,733 shares of the conglomerate’s stock valued at $8,321,000 after purchasing an additional 4,543 shares in the last quarter. Integrated Wealth Concepts LLC boosted its stake in shares of Honeywell International by 11.4% in the 1st quarter. Integrated Wealth Concepts LLC now owns 28,502 shares of the conglomerate’s stock valued at $6,035,000 after buying an additional 2,915 shares during the period. Finally, WIM INVESTMENT MANAGEMENT Ltd grew its position in shares of Honeywell International by 40.5% during the first quarter. WIM INVESTMENT MANAGEMENT Ltd now owns 28,800 shares of the conglomerate’s stock worth $6,098,000 after buying an additional 8,300 shares in the last quarter. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Honeywell International

In other news, CEO Lucian Boldea sold 42,149 shares of the firm’s stock in a transaction on Wednesday, August 27th. The shares were 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. This trade represents a 80.31% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.20% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on HON shares. Jefferies Financial Group decreased their price target on shares of Honeywell International from $230.00 to $220.00 in a research note on Monday, November 3rd. JPMorgan Chase & Co. boosted their target price on shares of Honeywell International from $212.00 to $218.00 and gave the stock a “neutral” rating in a research note on Friday, October 24th. Citigroup raised their price target on Honeywell International from $251.56 to $267.00 and gave the company a “buy” rating in a research note on Tuesday, November 4th. Robert W. Baird cut their target price on Honeywell International from $250.00 to $220.00 and set a “neutral” rating on the stock in a research report on Monday, October 13th. Finally, Wells Fargo & Company upped their price target on Honeywell International from $220.00 to $230.00 and gave the company an “equal weight” rating in a report on Friday, October 24th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $247.50.

Honeywell International Stock Up 2.2%

HON stock opened at $200.41 on Wednesday. The company has a market cap of $127.24 billion, a price-to-earnings ratio of 21.12, a price-to-earnings-growth ratio of 2.73 and a beta of 1.07. The company has a fifty day moving average price of $207.82 and a 200 day moving average price of $218.30. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.36 and a quick ratio of 1.04. Honeywell International Inc. has a 12 month low of $179.36 and a 12 month high of $242.77.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings data on Monday, December 11th. The conglomerate reported $2.25 EPS for the quarter. Honeywell International had a net margin of 15.07% and a return on equity of 38.11%. The company had revenue of $8.95 billion for 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. Sell-side analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 14th will be paid a $1.19 dividend. The ex-dividend date of this dividend is Friday, November 14th. This represents a $4.76 annualized dividend and a yield of 2.4%. This is an increase from Honeywell International’s previous quarterly dividend of $1.13. Honeywell International’s dividend payout ratio is presently 50.16%.

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.