New Hampshire Trust Boosts Stock Holdings in Honeywell International Inc. $HON

New Hampshire Trust boosted its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 0.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 15,567 shares of the conglomerate’s stock after acquiring an additional 103 shares during the period. New Hampshire Trust’s holdings in Honeywell International were worth $3,625,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Prudent Man Advisors LLC grew its stake in Honeywell International by 16.2% during the second quarter. Prudent Man Advisors LLC now owns 8,182 shares of the conglomerate’s stock valued at $1,905,000 after acquiring an additional 1,141 shares in the last quarter. Orion Capital Management LLC boosted its stake in Honeywell International by 7.2% during the second quarter. Orion Capital Management LLC now owns 1,231 shares of the conglomerate’s stock valued at $287,000 after buying an additional 83 shares during the last quarter. Ingalls & Snyder LLC boosted its stake in Honeywell International by 3.6% during the second quarter. Ingalls & Snyder LLC now owns 2,279 shares of the conglomerate’s stock valued at $531,000 after buying an additional 80 shares during the last quarter. Kornitzer Capital Management Inc. KS boosted its stake in Honeywell International by 12.8% during the second quarter. Kornitzer Capital Management Inc. KS now owns 21,100 shares of the conglomerate’s stock valued at $4,914,000 after buying an additional 2,397 shares during the last quarter. Finally, Burke & Herbert Bank & Trust Co. boosted its stake in Honeywell International by 2.5% during the second quarter. Burke & Herbert Bank & Trust Co. now owns 7,866 shares of the conglomerate’s stock valued at $1,832,000 after buying an additional 190 shares during the last quarter. 75.91% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Honeywell International

In other news, CEO Lucian Boldea sold 42,149 shares of the stock in a transaction 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 sale, the chief executive officer owned 10,334 shares in the company, valued at approximately $2,289,807.72. This represents a 80.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.20% of the company’s stock.

Honeywell International Trading Down 2.1%

Shares of NASDAQ:HON opened at $216.14 on Friday. Honeywell International Inc. has a 12-month low of $179.36 and a 12-month high of $242.77. The business’s fifty day simple moving average is $212.04 and its 200-day simple moving average is $217.66. The company has a market capitalization of $137.23 billion, a PE ratio of 22.78, a P/E/G ratio of 2.64 and a beta of 1.06. The company has a current ratio of 1.36, a quick ratio of 0.97 and a debt-to-equity ratio of 1.70.

Honeywell International (NASDAQ:HON) last released its quarterly earnings results on Monday, December 11th. The conglomerate reported $2.25 earnings per share 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, equities research analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 14th will be issued a dividend of $1.19 per share. The ex-dividend date is Friday, November 14th. This represents a $4.76 annualized dividend and a dividend yield of 2.2%. This is a boost from Honeywell International’s previous quarterly dividend of $1.13. Honeywell International’s dividend payout ratio (DPR) is currently 51.42%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on HON shares. Wells Fargo & Company upped their price target on shares of Honeywell International from $220.00 to $230.00 in a research note on Friday. Royal Bank Of Canada decreased their price target on shares of Honeywell International from $253.00 to $235.00 and set a “sector perform” rating on the stock in a research note on Friday. Robert W. Baird decreased their price target on shares of Honeywell International from $250.00 to $220.00 and set a “neutral” rating on the stock in a research note on Monday, October 13th. Deutsche Bank Aktiengesellschaft reduced their price objective on Honeywell International from $271.00 to $265.00 and set a “buy” rating on the stock in a research note on Friday. Finally, Morgan Stanley boosted their price objective on Honeywell International from $225.00 to $245.00 and gave the stock an “equal weight” rating in a research note on Monday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $251.60.

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.