PKO Investment Management Joint Stock Co Sells 7,000 Shares of Honeywell International Inc. $HON

PKO Investment Management Joint Stock Co trimmed its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 31.8% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 15,000 shares of the conglomerate’s stock after selling 7,000 shares during the quarter. PKO Investment Management Joint Stock Co’s holdings in Honeywell International were worth $3,493,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Chung Wu Investment Group LLC acquired a new position in Honeywell International in the 2nd quarter worth about $26,000. Pandora Wealth Inc. acquired a new stake in Honeywell International during the first quarter worth approximately $33,000. RMG Wealth Management LLC acquired a new stake in Honeywell International during the second quarter worth approximately $33,000. Activest Wealth Management grew its stake in Honeywell International by 425.9% during the second quarter. Activest Wealth Management now owns 142 shares of the conglomerate’s stock worth $33,000 after purchasing an additional 115 shares during the period. Finally, 1248 Management LLC acquired a new stake in Honeywell International in the first quarter valued at approximately $38,000. 75.91% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on HON shares. JPMorgan Chase & Co. lifted their target price on Honeywell International from $212.00 to $218.00 and gave the company a “neutral” rating in a research report on Friday. Royal Bank Of Canada cut their price objective on Honeywell International from $253.00 to $235.00 and set a “sector perform” rating on the stock in a research report on Friday. Barclays boosted their target price on Honeywell International from $265.00 to $270.00 and gave the company an “overweight” rating in a research note on Friday. Deutsche Bank Aktiengesellschaft lowered their target price on Honeywell International from $271.00 to $265.00 and set a “buy” rating on the stock in a research note on Friday. Finally, Wells Fargo & Company boosted their target price on Honeywell International from $220.00 to $230.00 in a research note on Friday. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $251.60.

Honeywell International Price Performance

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

Honeywell International (NASDAQ:HON) last posted its quarterly earnings data on Monday, December 11th. The conglomerate reported $2.25 earnings per share (EPS) for the quarter. Honeywell International had a return on equity of 38.11% and a net margin of 15.07%.The firm 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. As a group, equities analysts anticipate 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 2.2%. Honeywell International’s dividend payout ratio is 51.42%.

Insiders Place Their Bets

In other Honeywell International news, CEO Lucian Boldea sold 42,149 shares of Honeywell International stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $221.58, for a total value of $9,339,375.42. Following the completion of the sale, the chief executive officer owned 10,334 shares of the company’s stock, valued at approximately $2,289,807.72. This trade represents a 80.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.20% of the stock is currently owned by company insiders.

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.