Citizens & Northern Corp Sells 67 Shares of Honeywell International Inc. $HON

Citizens & Northern Corp decreased its holdings in Honeywell International Inc. (NASDAQ:HON) by 0.7% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 9,116 shares of the conglomerate’s stock after selling 67 shares during the period. Citizens & Northern Corp’s holdings in Honeywell International were worth $2,123,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in HON. Chung Wu Investment Group LLC bought a new position in shares of Honeywell International in the 2nd quarter valued at $26,000. RMG Wealth Management LLC bought a new position in Honeywell International in the second quarter valued at about $33,000. Activest Wealth Management boosted its stake in shares of Honeywell International by 425.9% during the second quarter. Activest Wealth Management now owns 142 shares of the conglomerate’s stock valued at $33,000 after purchasing an additional 115 shares in the last quarter. Pandora Wealth Inc. acquired a new stake in shares of Honeywell International during the first quarter valued at about $33,000. Finally, Dogwood Wealth Management LLC increased its stake in shares of Honeywell International by 143.9% in the second quarter. Dogwood Wealth Management LLC now owns 161 shares of the conglomerate’s stock valued at $39,000 after buying an additional 95 shares during the period. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

HON has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. cut their price objective on Honeywell International from $222.00 to $212.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 15th. Royal Bank Of Canada lowered their price objective on Honeywell International from $254.00 to $253.00 and set a “sector perform” rating for the company in a research report on Friday, July 25th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Honeywell International in a research report on Wednesday, October 8th. TD Cowen dropped their price objective on shares of Honeywell International from $260.00 to $250.00 in a research note on Tuesday, October 7th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Honeywell International from $268.00 to $271.00 and gave the company a “buy” rating in a research report on Thursday, October 2nd. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $251.67.

Honeywell International Stock Up 1.5%

Shares of NASDAQ HON opened at $209.08 on Wednesday. The business has a 50-day simple moving average of $212.27 and a two-hundred day simple moving average of $217.03. The company has a market cap of $132.74 billion, a P/E ratio of 23.79, a P/E/G ratio of 2.56 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. 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 posted 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 14.30% and a return on equity of 37.37%. 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 fiscal year.

Honeywell International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 14th will be paid a $1.19 dividend. The ex-dividend date is Friday, November 14th. This represents a $4.76 dividend on an annualized basis and a yield of 2.3%. This is an increase from Honeywell International’s previous quarterly dividend of $1.13. Honeywell International’s dividend payout ratio is currently 51.42%.

Insider Buying and Selling at Honeywell International

In other news, CEO Lucian Boldea sold 42,149 shares of Honeywell International stock in a transaction dated 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 sale, the chief executive officer owned 10,334 shares in the company, valued at approximately $2,289,807.72. This trade represents a 80.31% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.41% of the stock is currently owned by insiders.

About Honeywell International

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.