NORTHSTAR ASSET MANAGEMENT Co Decreases Stake in Honeywell International Inc. $HON

NORTHSTAR ASSET MANAGEMENT Co lessened its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 1.7% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,710 shares of the conglomerate’s stock after selling 150 shares during the quarter. NORTHSTAR ASSET MANAGEMENT Co’s holdings in Honeywell International were worth $2,028,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Red Door Wealth Management LLC raised its holdings in Honeywell International by 2.6% during the 1st quarter. Red Door Wealth Management LLC now owns 29,090 shares of the conglomerate’s stock valued at $6,160,000 after acquiring an additional 736 shares during the period. Amundi raised its stake in shares of Honeywell International by 30.2% during the 1st quarter. Amundi now owns 519,882 shares of the conglomerate’s stock valued at $107,450,000 after purchasing an additional 120,706 shares during the period. Triton Financial Group Inc bought a new position in Honeywell International in the 2nd quarter worth about $1,001,000. Spinnaker Trust grew its holdings in Honeywell International by 2.4% during the 1st quarter. Spinnaker Trust now owns 11,598 shares of the conglomerate’s stock valued at $2,456,000 after buying an additional 276 shares in the last quarter. Finally, Baxter Bros Inc. increased its position in shares of Honeywell International by 14.6% during the second quarter. Baxter Bros Inc. now owns 35,733 shares of the conglomerate’s stock valued at $8,321,000 after buying an additional 4,543 shares during the period. Institutional investors own 75.91% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Jefferies Financial Group reduced their price objective on shares of Honeywell International from $240.00 to $230.00 and set a “hold” rating for the company in a research note on Tuesday, October 7th. Citigroup upped their price target on shares of Honeywell International from $265.00 to $267.00 and gave the stock a “buy” rating in a report on Friday. Weiss Ratings reiterated a “buy (b-)” rating on shares of Honeywell International in a research report on Wednesday, October 8th. JPMorgan Chase & Co. increased their price objective on Honeywell International from $212.00 to $218.00 and gave the stock a “neutral” rating in a research report on Friday. Finally, Morgan Stanley increased their price objective 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 equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, Honeywell International currently has a consensus rating of “Moderate Buy” and an average target price of $251.60.

Insider Activity

In other news, CEO Lucian Boldea sold 42,149 shares of the firm’s stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $221.58, for a total value of $9,339,375.42. Following the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.20% of the company’s stock.

Honeywell International Stock Down 2.1%

Shares of NASDAQ HON opened at $216.14 on Friday. Honeywell International Inc. has a one year low of $179.36 and a one year high of $242.77. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.36 and a quick ratio of 0.97. The firm’s 50 day simple moving average is $212.04 and its two-hundred day simple moving average is $217.42. The stock has a market capitalization of $137.23 billion, a P/E ratio of 22.78, a PEG ratio of 2.70 and a beta of 1.06.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings results on Monday, December 11th. The conglomerate reported $2.25 EPS for the quarter. Honeywell International had a net margin of 15.07% and a return on equity of 38.11%. The business 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. As a group, analysts expect that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Increases Dividend

The company 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 $1.19 dividend. This is a positive change from Honeywell International’s previous quarterly dividend of $1.13. This represents a $4.76 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Friday, November 14th. Honeywell International’s dividend payout ratio (DPR) is 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.