National Pension Service Decreases Position in Honeywell International Inc. $HON

National Pension Service reduced its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 0.5% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,366,393 shares of the conglomerate’s stock after selling 6,595 shares during the quarter. National Pension Service’s holdings in Honeywell International were worth $318,206,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Advyzon Investment Management LLC grew its position in Honeywell International by 6.7% in the second quarter. Advyzon Investment Management LLC now owns 1,062 shares of the conglomerate’s stock valued at $247,000 after acquiring an additional 67 shares in the last quarter. Tiemann Investment Advisors LLC lifted its position in shares of Honeywell International by 6.4% during the second quarter. Tiemann Investment Advisors LLC now owns 2,247 shares of the conglomerate’s stock worth $523,000 after purchasing an additional 135 shares in the last quarter. VeraBank N.A. boosted its stake in shares of Honeywell International by 9.9% in the second quarter. VeraBank N.A. now owns 4,189 shares of the conglomerate’s stock valued at $976,000 after purchasing an additional 377 shares during the period. Verus Capital Partners LLC boosted its stake in shares of Honeywell International by 31.4% in the second quarter. Verus Capital Partners LLC now owns 6,309 shares of the conglomerate’s stock valued at $1,469,000 after purchasing an additional 1,508 shares during the period. Finally, STF Management LP grew its holdings in Honeywell International by 2.5% during the 2nd quarter. STF Management LP now owns 10,069 shares of the conglomerate’s stock valued at $2,345,000 after purchasing an additional 250 shares in the last quarter. 75.91% of the stock is owned by institutional investors and hedge funds.

Honeywell International Stock Up 2.2%

NASDAQ:HON opened at $200.41 on Wednesday. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.04 and a current ratio of 1.36. The company has a market capitalization 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. Honeywell International Inc. has a one year low of $179.36 and a one year high of $242.77. The stock has a 50-day simple moving average of $207.82 and a 200 day simple moving average of $218.30.

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

Honeywell International Increases Dividend

The company 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. This represents a $4.76 annualized dividend and a yield of 2.4%. This is a boost from Honeywell International’s previous quarterly dividend of $1.13. The ex-dividend date is Friday, November 14th. Honeywell International’s dividend payout ratio (DPR) is 50.16%.

Insider Buying and Selling

In other Honeywell International news, CEO Lucian Boldea sold 42,149 shares of the business’s stock in a transaction on 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 completion of the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.20% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. TD Cowen cut their price objective on shares of Honeywell International from $250.00 to $240.00 and set a “buy” rating on the stock in a report on Monday. JPMorgan Chase & Co. lifted their target price on Honeywell International from $212.00 to $218.00 and gave the stock a “neutral” rating in a research report on Friday, October 24th. Barclays boosted their price target on Honeywell International from $265.00 to $270.00 and gave the stock an “overweight” rating in a research note on Friday, October 24th. Morgan Stanley lowered their price objective on Honeywell International from $245.00 to $235.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 28th. Finally, Citigroup upped their target price on Honeywell International from $251.56 to $267.00 and gave the company a “buy” rating in a research report on Tuesday, November 4th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $247.50.

Honeywell International Company 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.