Honeywell International Inc. $HON Shares Sold by Beverly Hills Private Wealth LLC

Beverly Hills Private Wealth LLC cut its position in Honeywell International Inc. (NASDAQ:HON) by 5.1% during the second quarter, HoldingsChannel.com reports. The fund owned 5,802 shares of the conglomerate’s stock after selling 310 shares during the period. Beverly Hills Private Wealth LLC’s holdings in Honeywell International were worth $1,351,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Community Bank of Raymore boosted its stake in shares of Honeywell International by 7.5% in the second quarter. Community Bank of Raymore now owns 5,763 shares of the conglomerate’s stock worth $1,342,000 after acquiring an additional 400 shares during the last quarter. Swan Global Investments LLC acquired a new stake in shares of Honeywell International in the second quarter worth approximately $222,000. Chicago Partners Investment Group LLC boosted its stake in shares of Honeywell International by 13.0% in the second quarter. Chicago Partners Investment Group LLC now owns 4,270 shares of the conglomerate’s stock worth $1,022,000 after acquiring an additional 491 shares during the last quarter. Sigma Investment Counselors Inc. boosted its stake in Honeywell International by 4.0% during the second quarter. Sigma Investment Counselors Inc. now owns 1,794 shares of the conglomerate’s stock worth $418,000 after buying an additional 69 shares during the last quarter. Finally, BKM Wealth Management LLC boosted its stake in Honeywell International by 5.8% during the second quarter. BKM Wealth Management LLC now owns 1,932 shares of the conglomerate’s stock worth $450,000 after buying an additional 106 shares during the last quarter. 75.91% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Honeywell International

In related news, CEO Lucian Boldea sold 42,149 shares of the business’s stock in a transaction 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 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.41% of the stock is currently owned by company insiders.

Honeywell International Stock Performance

Shares of Honeywell International stock opened at $202.96 on Monday. Honeywell International Inc. has a 52 week low of $179.36 and a 52 week high of $242.77. The business’s fifty day simple moving average is $212.63 and its 200-day simple moving average is $216.98. The firm has a market cap of $128.86 billion, a PE ratio of 23.09, a price-to-earnings-growth ratio of 2.52 and a beta of 1.06. The company has a quick ratio of 0.97, a current ratio of 1.29 and a debt-to-equity ratio of 1.81.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings results on Monday, December 11th. The conglomerate reported $2.25 EPS for the quarter. Honeywell International had a return on equity of 37.37% and a net margin of 14.30%.The business 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. Equities analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 14th will be paid 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 2.3%. Honeywell International’s dividend payout ratio is currently 51.42%.

Analyst Ratings Changes

A number of research firms have weighed in on HON. Royal Bank Of Canada lowered their price objective on Honeywell International from $254.00 to $253.00 and set a “sector perform” rating on the stock in a research note on Friday, July 25th. Wells Fargo & Company lowered their price objective on Honeywell International from $230.00 to $220.00 and set an “equal weight” rating on the stock in a research note on Monday, October 6th. JPMorgan Chase & Co. lowered their price objective on Honeywell International from $222.00 to $212.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 15th. Deutsche Bank Aktiengesellschaft boosted their price objective on Honeywell International from $268.00 to $271.00 and gave the stock a “buy” rating in a research note on Thursday, October 2nd. Finally, Jefferies Financial Group lowered their price objective on Honeywell International from $240.00 to $230.00 and set a “hold” rating on the stock in a research note on Tuesday, October 7th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, Honeywell International currently has a consensus rating of “Moderate Buy” and an average target price of $251.67.

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.