Private Wealth Partners LLC Sells 3,480 Shares of Honeywell International Inc. $HON

Private Wealth Partners LLC cut its stake in Honeywell International Inc. (NASDAQ:HON) by 3.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 112,373 shares of the conglomerate’s stock after selling 3,480 shares during the period. Honeywell International accounts for 2.0% of Private Wealth Partners LLC’s investment portfolio, making the stock its 13th largest holding. Private Wealth Partners LLC’s holdings in Honeywell International were worth $26,169,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in HON. Chung Wu Investment Group LLC bought a new stake in Honeywell International in the second quarter valued at approximately $26,000. Pandora Wealth Inc. bought a new stake in Honeywell International in the first quarter valued at approximately $33,000. RMG Wealth Management LLC bought a new stake in Honeywell International in the second quarter valued at approximately $33,000. Activest Wealth Management boosted its holdings in shares of Honeywell International by 425.9% during the 2nd quarter. Activest Wealth Management now owns 142 shares of the conglomerate’s stock worth $33,000 after buying an additional 115 shares in the last quarter. Finally, 1248 Management LLC bought a new position in shares of Honeywell International during the 1st quarter worth approximately $38,000. 75.91% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on HON shares. Jefferies Financial Group cut their price target on Honeywell International from $240.00 to $230.00 and set a “hold” rating on the stock in a report on Tuesday, October 7th. Morgan Stanley increased their price target on Honeywell International from $225.00 to $245.00 and gave the stock an “equal weight” rating in a report on Monday, July 28th. JPMorgan Chase & Co. increased their price target on Honeywell International from $212.00 to $218.00 and gave the stock a “neutral” rating in a report on Friday. Robert W. Baird cut their price target on Honeywell International from $250.00 to $220.00 and set a “neutral” rating on the stock in a report on Monday, October 13th. Finally, Wells Fargo & Company increased their price target on Honeywell International from $220.00 to $230.00 and gave the stock an “equal weight” rating in a report on Friday. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, Honeywell International currently has an average rating of “Moderate Buy” and an average price target of $250.88.

Insider Buying and Selling

In related news, CEO Lucian Boldea sold 42,149 shares of the 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 completion of the sale, the chief executive officer directly owned 10,334 shares of the company’s stock, valued at approximately $2,289,807.72. This represents a 80.31% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.41% of the company’s stock.

Honeywell International Price Performance

Shares of NASDAQ:HON opened at $215.07 on Tuesday. The company has a quick ratio of 1.04, a current ratio of 1.36 and a debt-to-equity ratio of 1.70. Honeywell International Inc. has a twelve month low of $179.36 and a twelve month high of $242.77. The stock’s 50 day moving average is $212.01 and its 200-day moving average 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.

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

Honeywell International Increases Dividend

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