Bill Few Associates Inc. Reduces Stake in Honeywell International Inc. $HON

Bill Few Associates Inc. lowered its holdings in Honeywell International Inc. (NASDAQ:HON) by 1.9% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 15,616 shares of the conglomerate’s stock after selling 295 shares during the quarter. Honeywell International makes up about 1.0% of Bill Few Associates Inc.’s investment portfolio, making the stock its 28th largest holding. Bill Few Associates Inc.’s holdings in Honeywell International were worth $3,637,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Allspring Global Investments Holdings LLC lifted its holdings in Honeywell International by 14.1% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 356,767 shares of the conglomerate’s stock worth $85,185,000 after buying an additional 44,136 shares during the period. Mitchell Sinkler & Starr PA lifted its holdings in Honeywell International by 3.0% in the 2nd quarter. Mitchell Sinkler & Starr PA now owns 5,792 shares of the conglomerate’s stock worth $1,349,000 after buying an additional 170 shares during the period. SPC Financial Inc. purchased a new stake in Honeywell International in the 2nd quarter worth approximately $308,000. CWM LLC lifted its holdings in Honeywell International by 9.3% in the 2nd quarter. CWM LLC now owns 47,799 shares of the conglomerate’s stock worth $11,131,000 after buying an additional 4,075 shares during the period. Finally, Lodestar Private Asset Management LLC lifted its holdings in Honeywell International by 16.2% in the 2nd quarter. Lodestar Private Asset Management LLC now owns 1,505 shares of the conglomerate’s stock worth $350,000 after buying an additional 210 shares during the period. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Lucian Boldea sold 42,149 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer owned 10,334 shares of the company’s stock, valued at $2,289,807.72. This trade represents a 80.31% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.41% of the stock is currently owned by company insiders.

Honeywell International Stock Down 1.6%

HON stock opened at $200.91 on Monday. Honeywell International Inc. has a twelve month low of $179.36 and a twelve month 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. The firm has a market cap of $127.56 billion, a PE ratio of 22.86, a price-to-earnings-growth ratio of 2.25 and a beta of 1.06. The business has a 50 day moving average of $214.11 and a 200 day moving average of $217.25.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings data on Monday, December 11th. The conglomerate reported $2.25 earnings per share for the quarter. Honeywell International had a return on equity of 37.37% and a net margin of 14.30%.The company had revenue of $8.95 billion during 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, research analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Increases Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. TD Cowen dropped their price objective on Honeywell International from $260.00 to $250.00 in a report on Tuesday, October 7th. Weiss Ratings reissued a “buy (b-)” rating on shares of Honeywell International in a research report on Wednesday, October 8th. Jefferies Financial Group decreased their target price on Honeywell International from $240.00 to $230.00 and set a “hold” rating for the company in a research report on Tuesday, October 7th. Wells Fargo & Company decreased their target price on Honeywell International from $230.00 to $220.00 and set an “equal weight” rating for the company in a research report on Monday, October 6th. Finally, Morgan Stanley increased their target price on Honeywell International from $225.00 to $245.00 and gave the stock an “equal weight” rating in a research report on Monday, July 28th. One 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $251.80.

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.