Private Wealth Asset Management LLC Sells 507 Shares of Honeywell International Inc. $HON

Private Wealth Asset Management LLC reduced its stake in shares of Honeywell International Inc. (NASDAQ:HONFree Report) by 8.1% during the 2nd quarter, Holdings Channel.com reports. The firm owned 5,748 shares of the conglomerate’s stock after selling 507 shares during the quarter. Private Wealth Asset Management LLC’s holdings in Honeywell International were worth $1,339,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Chung Wu Investment Group LLC bought a new stake in shares of Honeywell International during the second quarter worth approximately $26,000. RMG Wealth Management LLC bought a new stake in shares of Honeywell International during the second quarter worth approximately $33,000. Pandora Wealth Inc. bought a new stake in shares of Honeywell International during the first quarter worth approximately $33,000. Dogwood Wealth Management LLC raised its stake in shares of Honeywell International by 143.9% during the second quarter. Dogwood Wealth Management LLC now owns 161 shares of the conglomerate’s stock worth $39,000 after buying an additional 95 shares during the last quarter. Finally, 1248 Management LLC bought a new stake in shares of Honeywell International during the first quarter worth approximately $38,000. 75.91% of the stock is owned by institutional investors.

Honeywell International Stock Up 2.8%

Shares of HON stock opened at $208.61 on Wednesday. The firm has a fifty day moving average of $213.50 and a 200-day moving average of $217.14. 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 Inc. has a 12-month low of $179.36 and a 12-month high of $242.77. The company has a market capitalization of $132.45 billion, a price-to-earnings ratio of 23.73, a P/E/G ratio of 2.27 and a beta of 1.06.

Honeywell International (NASDAQ:HONGet Free Report) last announced its earnings results on Monday, December 11th. The conglomerate reported $2.25 EPS for the quarter. Honeywell International had a net margin of 14.30% and a return on equity of 37.37%. The business had revenue of $8.95 billion during 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. As a group, equities research analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 14th will be paid a $1.19 dividend. This is an increase from Honeywell International’s previous quarterly dividend of $1.13. This represents a $4.76 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Friday, November 14th. Honeywell International’s dividend payout ratio is 54.15%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on HON. Weiss Ratings reissued a “buy (b-)” rating on shares of Honeywell International in a research note on Wednesday, October 8th. TD Cowen dropped their price target on shares of Honeywell International from $260.00 to $250.00 in a research note on Tuesday, October 7th. Robert W. Baird dropped their price target on shares of Honeywell International from $250.00 to $220.00 and set a “neutral” rating for the company in a research note on Monday. 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 note on Tuesday, October 7th. Finally, Morgan Stanley upped their target price on shares of Honeywell International from $225.00 to $245.00 and gave the company an “equal weight” rating in a research note on Monday, July 28th. 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. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $252.00.

View Our Latest Analysis on HON

Insider Buying and Selling

In other Honeywell International news, CEO Lucian Boldea sold 42,149 shares of the stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $221.58, for a total value 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. This trade represents a 80.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.41% of the stock is currently owned by corporate insiders.

Honeywell International Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Honeywell International (NASDAQ:HON)

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