Honeywell International Inc. $HON is Signet Investment Advisory Group Inc.’s 10th Largest Position

Signet Investment Advisory Group Inc. decreased its holdings in Honeywell International Inc. (NASDAQ:HON) by 0.8% in the second quarter, Holdings Channel.com reports. The firm owned 24,894 shares of the conglomerate’s stock after selling 205 shares during the period. Honeywell International makes up approximately 3.0% of Signet Investment Advisory Group Inc.’s investment portfolio, making the stock its 10th biggest position. Signet Investment Advisory Group Inc.’s holdings in Honeywell International were worth $5,797,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in shares of Honeywell International by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 62,209,455 shares of the conglomerate’s stock valued at $13,172,852,000 after purchasing an additional 447,744 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of Honeywell International by 8.9% in the 1st quarter. Wellington Management Group LLP now owns 15,751,951 shares of the conglomerate’s stock valued at $3,335,476,000 after purchasing an additional 1,293,137 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Honeywell International by 9.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 6,038,080 shares of the conglomerate’s stock valued at $1,278,563,000 after purchasing an additional 505,083 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Honeywell International by 5.4% in the 1st quarter. Invesco Ltd. now owns 5,568,610 shares of the conglomerate’s stock valued at $1,179,153,000 after purchasing an additional 283,193 shares in the last quarter. Finally, Nuveen LLC purchased a new stake in shares of Honeywell International in the 1st quarter valued at $1,150,929,000. Hedge funds and other institutional investors own 75.91% of the company’s stock.

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 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 approximately $2,289,807.72. The trade was a 80.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.41% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of Honeywell International in a research report on Wednesday, October 8th. TD Cowen dropped their price target on shares of Honeywell International from $260.00 to $250.00 in a research report on Tuesday, October 7th. Wells Fargo & Company increased their price target on shares of Honeywell International from $220.00 to $230.00 and gave the company an “equal weight” rating in a research report on Friday. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Honeywell International from $271.00 to $265.00 and set a “buy” rating for the company in a research report on Friday. Finally, Jefferies Financial Group dropped their price target on shares of 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 research 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 company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $250.88.

Honeywell International Trading Down 0.5%

Shares of HON opened at $215.07 on Tuesday. The firm’s 50-day moving average price is $212.01 and its 200-day moving average price is $217.90. The firm has a market capitalization of $136.55 billion, a price-to-earnings ratio of 22.66, a PEG ratio of 2.64 and a beta of 1.06. The company has a current ratio of 1.36, a quick ratio of 1.04 and a debt-to-equity ratio of 1.70. Honeywell International Inc. has a 1-year low of $179.36 and a 1-year high of $242.77.

Honeywell International (NASDAQ:HON) last announced its earnings results on Monday, December 11th. The conglomerate reported $2.25 earnings per share for the quarter. The firm had revenue of $8.95 billion for the quarter. Honeywell International had a net margin of 15.07% and a return on equity of 38.11%. 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 anticipate that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 14th will be paid a dividend of $1.19 per share. This represents a $4.76 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Friday, November 14th. This is a positive change from Honeywell International’s previous quarterly dividend of $1.13. Honeywell International’s payout ratio is presently 47.63%.

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.