Conning Inc. Sells 167 Shares of Honeywell International Inc. $HON

Conning Inc. trimmed its position in Honeywell International Inc. (NASDAQ:HON) by 3.4% in the 2nd quarter, Holdings Channel reports. The firm owned 4,675 shares of the conglomerate’s stock after selling 167 shares during the quarter. Conning Inc.’s holdings in Honeywell International were worth $1,089,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of HON. Brighton Jones LLC boosted its holdings in Honeywell International by 9.1% in the 4th quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate’s stock valued at $4,302,000 after purchasing an additional 1,582 shares during the period. Assenagon Asset Management S.A. raised its position in shares of Honeywell International by 1.8% during the 1st quarter. Assenagon Asset Management S.A. now owns 19,698 shares of the conglomerate’s stock valued at $4,171,000 after buying an additional 340 shares in the last quarter. Sky Investment Group LLC raised its position in shares of Honeywell International by 1.9% during the 1st quarter. Sky Investment Group LLC now owns 22,217 shares of the conglomerate’s stock valued at $4,704,000 after buying an additional 410 shares in the last quarter. NorthCrest Asset Manangement LLC raised its position in shares of Honeywell International by 2.3% during the 1st quarter. NorthCrest Asset Manangement LLC now owns 163,709 shares of the conglomerate’s stock valued at $34,665,000 after buying an additional 3,631 shares in the last quarter. Finally, Quintet Private Bank Europe S.A. raised its position in shares of Honeywell International by 12.9% during the 1st quarter. Quintet Private Bank Europe S.A. now owns 10,658 shares of the conglomerate’s stock valued at $2,257,000 after buying an additional 1,214 shares in the last quarter. 75.91% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on HON shares. TD Cowen lowered their price objective on shares of Honeywell International from $260.00 to $250.00 in a research report on Tuesday. Royal Bank Of Canada lowered their price objective on shares of Honeywell International from $254.00 to $253.00 and set a “sector perform” rating on the stock in a research report on Friday, July 25th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Honeywell International from $268.00 to $271.00 and gave the company a “buy” rating in a research report on Thursday, October 2nd. Morgan Stanley raised their price objective on shares of Honeywell International from $225.00 to $245.00 and gave the company an “equal weight” rating in a research report on Monday, July 28th. Finally, Barclays raised their price objective on shares of Honeywell International from $258.00 to $265.00 and gave the company an “overweight” rating in a research report on Wednesday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, Honeywell International has a consensus rating of “Moderate Buy” and a consensus price target of $251.80.

Honeywell International Price Performance

Shares of NASDAQ:HON opened at $200.91 on Friday. The stock has a market cap of $127.56 billion, a PE ratio of 22.86, a PEG ratio of 2.28 and a beta of 1.06. The company’s fifty day moving average is $214.11 and its 200 day moving average is $217.20. Honeywell International Inc. has a 52 week low of $179.36 and a 52 week high of $242.77. 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 (NASDAQ:HON) last issued 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 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. Research analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 14th will be paid a dividend of $1.19 per share. This represents a $4.76 annualized dividend and a dividend yield of 2.4%. This is a positive change from Honeywell International’s previous quarterly dividend of $1.13. The ex-dividend date of this dividend is Friday, November 14th. Honeywell International’s payout ratio is currently 51.42%.

Insider Activity at Honeywell International

In other news, CEO Lucian Boldea sold 42,149 shares of the company’s stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $221.58, for a total transaction of $9,339,375.42. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.20% of the company’s stock.

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.