Waldron Private Wealth LLC Has $3.10 Million Holdings in Honeywell International Inc. $HON

Waldron Private Wealth LLC cut its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 1.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,300 shares of the conglomerate’s stock after selling 233 shares during the quarter. Waldron Private Wealth LLC’s holdings in Honeywell International were worth $3,097,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of HON. Nuveen LLC acquired a new position in shares of Honeywell International during the first quarter worth approximately $1,150,929,000. Wellington Management Group LLP lifted its holdings 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 last quarter. Alliancebernstein L.P. increased 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 valued at $561,634,000 after purchasing an additional 1,041,273 shares during the period. Vista Cima Wealth Management LLC bought a new stake in shares of Honeywell International during the first quarter valued at approximately $164,000. Finally, OVERSEA CHINESE BANKING Corp Ltd increased 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 valued at $183,728,000 after purchasing an additional 742,281 shares during the period. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Citigroup boosted their price objective on Honeywell International from $265.00 to $267.00 and gave the company a “buy” rating in a research report on Friday. Morgan Stanley boosted their price objective on Honeywell International from $225.00 to $245.00 and gave the company an “equal weight” rating in a research report on Monday, July 28th. Weiss Ratings restated a “buy (b-)” rating on shares of Honeywell International in a research report on Saturday. TD Cowen lowered their price objective on Honeywell International from $260.00 to $250.00 in a research report on Tuesday, October 7th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on Honeywell International from $271.00 to $265.00 and set a “buy” rating on the stock in a research report on Friday. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, Honeywell International has an average rating of “Moderate Buy” and an average target price of $251.60.

Insider Activity at Honeywell International

In other news, CEO Lucian Boldea sold 42,149 shares of the company’s stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $221.58, for a total transaction of $9,339,375.42. Following the transaction, the chief executive officer owned 10,334 shares of the company’s stock, valued at $2,289,807.72. This 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. Insiders own 0.20% of the company’s stock.

Honeywell International Price Performance

Shares of HON stock opened at $216.14 on Friday. The stock’s fifty day moving average is $212.04 and its 200-day moving average is $217.66. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.97 and a current ratio of 1.36. The stock has a market capitalization of $137.23 billion, a PE ratio of 22.78, a PEG ratio of 2.64 and a beta of 1.06. Honeywell International Inc. has a 52 week low of $179.36 and a 52 week high of $242.77.

Honeywell International (NASDAQ:HON) last announced its earnings results on Monday, December 11th. The conglomerate reported $2.25 EPS for the quarter. The company had revenue of $8.95 billion for the quarter. Honeywell International had a return on equity of 38.11% and a net margin of 15.07%. Honeywell International has set its Q4 2023 guidance at 2.530-2.630 EPS. FY 2023 guidance at 9.100-9.200 EPS. Equities research analysts expect that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 14th will be issued a dividend of $1.19 per share. The ex-dividend date is Friday, November 14th. This is a boost from Honeywell International’s previous quarterly dividend of $1.13. This represents a $4.76 annualized dividend and a dividend yield of 2.2%. Honeywell International’s dividend payout ratio (DPR) is currently 51.42%.

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.