Honeywell International Inc. $HON Shares Sold by Richards Merrill & Peterson Inc.

Richards Merrill & Peterson Inc. decreased its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 2.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,833 shares of the conglomerate’s stock after selling 171 shares during the quarter. Honeywell International comprises 0.9% of Richards Merrill & Peterson Inc.’s holdings, making the stock its 24th largest holding. Richards Merrill & Peterson Inc.’s holdings in Honeywell International were worth $1,824,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of HON. Nuveen LLC purchased a new position in shares of Honeywell International during the first quarter worth $1,150,929,000. Wellington Management Group LLP boosted its position in shares of Honeywell International by 8.9% during the first quarter. Wellington Management Group LLP now owns 15,751,951 shares of the conglomerate’s stock worth $3,335,476,000 after buying an additional 1,293,137 shares during the period. Alliancebernstein L.P. boosted its position in shares of Honeywell International by 64.6% during the first quarter. Alliancebernstein L.P. now owns 2,652,344 shares of the conglomerate’s stock worth $561,634,000 after buying an additional 1,041,273 shares during the period. Vista Cima Wealth Management LLC purchased a new position in shares of Honeywell International during the first quarter worth $164,000. Finally, OVERSEA CHINESE BANKING Corp Ltd boosted its position in shares of Honeywell International by 592.0% during the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 867,665 shares of the conglomerate’s stock worth $183,728,000 after buying an additional 742,281 shares during the period. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on HON. Royal Bank Of Canada lowered their price target on Honeywell International from $253.00 to $235.00 and set a “sector perform” rating for the company in a research report on Friday. Wells Fargo & Company lifted their target price on Honeywell International from $220.00 to $230.00 in a report on Friday. Citigroup lifted their target price on Honeywell International from $265.00 to $267.00 and gave the company a “buy” rating in a report on Friday. Morgan Stanley lifted their target price on Honeywell International from $225.00 to $245.00 and gave the company an “equal weight” rating in a report on Monday, July 28th. Finally, Robert W. Baird decreased their target price on Honeywell International from $250.00 to $220.00 and set a “neutral” rating for the company in a report on Monday, October 13th. One 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’s stock. According to data from MarketBeat, Honeywell International presently has a consensus rating of “Moderate Buy” and an average target price of $251.60.

Insider Transactions at Honeywell International

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

Honeywell International Stock Down 2.1%

HON opened at $216.14 on Friday. The business’s 50-day simple moving average is $212.04 and its 200-day simple moving average is $217.42. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.97 and a current ratio of 1.36. Honeywell International Inc. has a one year low of $179.36 and a one year high of $242.77. The stock has a market capitalization of $137.23 billion, a P/E ratio of 22.78, a price-to-earnings-growth ratio of 2.70 and a beta of 1.06.

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

Honeywell International Increases Dividend

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