Studio Investment Management LLC Sells 287 Shares of Honeywell International Inc. $HON

Studio Investment Management LLC decreased its holdings in Honeywell International Inc. (NASDAQ:HON) by 1.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 20,843 shares of the conglomerate’s stock after selling 287 shares during the period. Honeywell International makes up about 1.0% of Studio Investment Management LLC’s portfolio, making the stock its 26th biggest position. Studio Investment Management LLC’s holdings in Honeywell International were worth $4,854,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Red Door Wealth Management LLC increased its stake in shares of Honeywell International by 2.6% in the 1st quarter. Red Door Wealth Management LLC now owns 29,090 shares of the conglomerate’s stock valued at $6,160,000 after purchasing an additional 736 shares during the last quarter. Amundi increased its stake in shares of Honeywell International by 30.2% in the 1st quarter. Amundi now owns 519,882 shares of the conglomerate’s stock valued at $107,450,000 after purchasing an additional 120,706 shares during the last quarter. Spinnaker Trust increased its stake in shares of Honeywell International by 2.4% in the 1st quarter. Spinnaker Trust now owns 11,598 shares of the conglomerate’s stock valued at $2,456,000 after purchasing an additional 276 shares during the last quarter. Baxter Bros Inc. increased its stake in shares of Honeywell International by 14.6% in the 2nd quarter. Baxter Bros Inc. now owns 35,733 shares of the conglomerate’s stock valued at $8,321,000 after purchasing an additional 4,543 shares during the last quarter. Finally, Integrated Wealth Concepts LLC increased its stake in shares of Honeywell International by 11.4% in the 1st quarter. Integrated Wealth Concepts LLC now owns 28,502 shares of the conglomerate’s stock valued at $6,035,000 after purchasing an additional 2,915 shares during the last quarter. Institutional investors own 75.91% of the company’s stock.

Insider Activity at Honeywell International

In other Honeywell International news, CEO Lucian Boldea sold 42,149 shares of the company’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 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 SEC, which is accessible through this link. Company insiders own 0.41% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Jefferies Financial Group decreased their price target 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. Deutsche Bank Aktiengesellschaft raised their price objective on Honeywell International from $268.00 to $271.00 and gave the company a “buy” rating in a report on Thursday, October 2nd. Weiss Ratings reissued a “buy (b-)” rating on shares of Honeywell International in a report on Wednesday, October 8th. Morgan Stanley raised their price objective 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, TD Cowen cut their price objective on Honeywell International from $260.00 to $250.00 in a report on Tuesday, October 7th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $251.67.

Honeywell International Trading Up 1.5%

NASDAQ HON opened at $209.08 on Wednesday. The business’s 50-day moving average price is $212.27 and its two-hundred day moving average price is $217.03. Honeywell International Inc. has a 12 month low of $179.36 and a 12 month high of $242.77. The firm has a market capitalization of $132.74 billion, a PE ratio of 23.79, a price-to-earnings-growth ratio of 2.56 and a beta of 1.06. The company has a current ratio of 1.29, a quick ratio of 0.97 and a debt-to-equity ratio of 1.81.

Honeywell International (NASDAQ:HON) last released 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 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. On average, analysts expect that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Increases Dividend

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