BLB&B Advisors LLC Sells 135 Shares of Honeywell International Inc. $HON

BLB&B Advisors LLC cut its holdings in Honeywell International Inc. (NASDAQ:HON) by 0.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,077 shares of the conglomerate’s stock after selling 135 shares during the period. BLB&B Advisors LLC’s holdings in Honeywell International were worth $3,511,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Chung Wu Investment Group LLC bought a new stake in Honeywell International in the second quarter worth $26,000. RMG Wealth Management LLC purchased a new position in shares of Honeywell International in the second quarter valued at about $33,000. Activest Wealth Management increased its position in shares of Honeywell International by 425.9% in the second 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 period. Pandora Wealth Inc. purchased a new position in shares of Honeywell International in the first quarter valued at about $33,000. Finally, Dogwood Wealth Management LLC increased its position 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. 75.91% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CEO Lucian Boldea sold 42,149 shares of the business’s 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 sale, the chief executive officer owned 10,334 shares of the company’s stock, valued at $2,289,807.72. The trade was a 80.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.20% of the stock is owned by insiders.

Honeywell International Price Performance

Shares of NASDAQ HON opened at $200.11 on Friday. 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 1.70, a current ratio of 1.36 and a quick ratio of 1.04. The company’s 50-day moving average is $211.54 and its 200 day moving average is $218.02. The stock has a market capitalization of $127.05 billion, a P/E ratio of 21.09, a P/E/G ratio of 2.73 and a beta of 1.06.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings results on Monday, December 11th. The conglomerate reported $2.25 earnings per share (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. On average, sell-side 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. Investors of record on Friday, November 14th will be paid a dividend of $1.19 per share. The ex-dividend date of this dividend 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 payout ratio is presently 47.63%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Royal Bank Of Canada upgraded shares of Honeywell International from a “sector perform” rating to an “outperform” rating and boosted their price objective for the company from $235.00 to $253.00 in a research report on Monday. JPMorgan Chase & Co. boosted their price objective on shares of Honeywell International from $212.00 to $218.00 and gave the company a “neutral” rating in a research report on Friday, October 24th. Morgan Stanley decreased their price objective on shares of Honeywell International from $245.00 to $235.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Rothschild & Co Redburn decreased their price objective on shares of Honeywell International from $240.00 to $222.00 and set a “neutral” rating on the stock in a research report on Monday. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Honeywell International in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, Honeywell International currently has a consensus rating of “Moderate Buy” and an average target price of $250.25.

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.