Schmidt P J Investment Management Inc. Sells 5,186 Shares of Honeywell International Inc. $HON

Schmidt P J Investment Management Inc. cut its stake in Honeywell International Inc. (NASDAQ:HON) by 17.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,263 shares of the conglomerate’s stock after selling 5,186 shares during the quarter. Schmidt P J Investment Management Inc.’s holdings in Honeywell International were worth $5,650,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Solstein Capital LLC increased its stake in shares of Honeywell International by 4.4% in the 2nd quarter. Solstein Capital LLC now owns 2,881 shares of the conglomerate’s stock worth $671,000 after acquiring an additional 121 shares in the last quarter. MorganRosel Wealth Management LLC increased its stake in shares of Honeywell International by 524.7% in the 2nd quarter. MorganRosel Wealth Management LLC now owns 1,768 shares of the conglomerate’s stock worth $412,000 after acquiring an additional 1,485 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in shares of Honeywell International by 65.5% in the 2nd quarter. Nisa Investment Advisors LLC now owns 697,163 shares of the conglomerate’s stock worth $162,355,000 after acquiring an additional 275,855 shares in the last quarter. Resonant Capital Advisors LLC increased its stake in shares of Honeywell International by 45.6% in the 2nd quarter. Resonant Capital Advisors LLC now owns 2,242 shares of the conglomerate’s stock worth $522,000 after acquiring an additional 702 shares in the last quarter. Finally, Hixon Zuercher LLC increased its stake in shares of Honeywell International by 3.0% in the 2nd quarter. Hixon Zuercher LLC now owns 25,931 shares of the conglomerate’s stock worth $6,039,000 after acquiring an additional 754 shares in the last quarter. 75.91% of the stock is currently owned by institutional investors.

Honeywell International Stock Down 2.1%

NASDAQ:HON opened at $216.14 on Monday. The firm has a market cap of $137.23 billion, a P/E ratio of 22.78, a P/E/G ratio of 2.64 and a beta of 1.06. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.04 and a current ratio of 1.36. Honeywell International Inc. has a fifty-two week low of $179.36 and a fifty-two week high of $242.77. The firm has a 50-day simple moving average of $212.04 and a two-hundred day simple moving average of $217.79.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings results on Monday, December 11th. The conglomerate reported $2.25 earnings per share (EPS) for the quarter. The firm had revenue of $8.95 billion for the quarter. Honeywell International had a net margin of 15.07% and a return on equity of 38.11%. Honeywell International has set its Q4 2023 guidance at 2.530-2.630 EPS. FY 2023 guidance at 9.100-9.200 EPS. Analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Increases Dividend

The business also recently declared 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. This represents a $4.76 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Friday, November 14th. This is a boost from Honeywell International’s previous quarterly dividend of $1.13. Honeywell International’s payout ratio is 50.16%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Jefferies Financial Group decreased their price target 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. Barclays increased their price target on shares of Honeywell International from $265.00 to $270.00 and gave the stock an “overweight” rating in a research note on Friday. JPMorgan Chase & Co. increased their price target on shares of Honeywell International from $212.00 to $218.00 and gave the stock a “neutral” rating in a research note on Friday. Robert W. Baird reduced their price objective on shares of Honeywell International from $250.00 to $220.00 and set a “neutral” rating for the company in a research note on Monday, October 13th. Finally, Wells Fargo & Company raised their price objective on shares of Honeywell International from $220.00 to $230.00 in a research note on Friday. One 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 company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $251.60.

Insider Activity

In other news, CEO Lucian Boldea sold 42,149 shares of the firm’s stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $221.58, for a total transaction of $9,339,375.42. Following the sale, 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 sale was disclosed in a legal filing with the SEC, which is available through this link. 0.20% of the stock is currently owned by insiders.

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.