Wambolt & Associates LLC Sells 636 Shares of Honeywell International Inc. $HON

Wambolt & Associates LLC decreased its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 5.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,235 shares of the conglomerate’s stock after selling 636 shares during the quarter. Wambolt & Associates LLC’s holdings in Honeywell International were worth $2,444,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of HON. Chung Wu Investment Group LLC bought a new stake in Honeywell International in the second quarter worth $26,000. RMG Wealth Management LLC bought a new position in Honeywell International during the second quarter valued at about $33,000. Activest Wealth Management lifted its position in shares of Honeywell International by 425.9% in the second quarter. Activest Wealth Management now owns 142 shares of the conglomerate’s stock worth $33,000 after buying an additional 115 shares during the last quarter. Pandora Wealth Inc. bought a new stake in shares of Honeywell International during the 1st quarter worth about $33,000. Finally, Dogwood Wealth Management LLC boosted its stake in shares of Honeywell International by 143.9% during the 2nd quarter. Dogwood Wealth Management LLC now owns 161 shares of the conglomerate’s stock worth $39,000 after acquiring an additional 95 shares in the last quarter. Institutional investors own 75.91% of the company’s stock.

Honeywell International Stock Up 1.3%

HON opened at $191.02 on Wednesday. The business has a 50 day moving average of $203.87 and a 200-day moving average of $217.05. The stock has a market capitalization of $121.28 billion, a price-to-earnings ratio of 20.13, a P/E/G ratio of 2.73 and a beta of 1.07. The company has a current ratio of 1.36, a quick ratio of 1.04 and a debt-to-equity ratio of 1.70. Honeywell International Inc. has a 1-year low of $169.21 and a 1-year high of $228.04.

Honeywell International (NASDAQ:HON) last announced its earnings results on Monday, December 11th. The conglomerate reported $2.25 earnings per share (EPS) for the quarter. The business had revenue of $8.95 billion for the quarter. Honeywell International had a net margin of 15.07% and a return on equity of 38.11%. 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, sell-side analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 14th will be issued a dividend of $1.19 per share. The ex-dividend date of this dividend is Friday, November 14th. This is a positive change from Honeywell International’s previous quarterly dividend of $1.13. This represents a $4.76 dividend on an annualized basis and a yield of 2.5%. Honeywell International’s dividend payout ratio (DPR) is presently 50.16%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft cut their price objective on Honeywell International from $271.00 to $265.00 and set a “buy” rating on the stock in a research note on Friday, October 24th. HSBC dropped their price target on shares of Honeywell International from $290.00 to $266.00 and set a “buy” rating on the stock in a research report on Tuesday, November 11th. Argus reduced their price objective on shares of Honeywell International from $250.00 to $225.00 in a research note on Friday, November 14th. Rothschild & Co Redburn lowered their target price on shares of Honeywell International from $240.00 to $222.00 and set a “neutral” rating on the stock in a research note on Monday, October 27th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Honeywell International in a report on Wednesday, November 19th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $239.38.

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.