Motco Has $532,000 Stock Holdings in Honeywell International Inc. $HON

Motco cut its holdings in Honeywell International Inc. (NASDAQ:HON) by 94.9% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 2,393 shares of the conglomerate’s stock after selling 44,351 shares during the quarter. Motco’s holdings in Honeywell International were worth $532,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. BankPlus Wealth Management LLC increased its stake in shares of Honeywell International by 2.2% in the second quarter. BankPlus Wealth Management LLC now owns 1,986 shares of the conglomerate’s stock valued at $463,000 after buying an additional 43 shares in the last quarter. Maia Wealth LLC increased its position in Honeywell International by 4.1% in the first quarter. Maia Wealth LLC now owns 1,189 shares of the conglomerate’s stock worth $238,000 after purchasing an additional 47 shares during the period. Capital Advisors Ltd. LLC increased its position in Honeywell International by 1.8% in the second quarter. Capital Advisors Ltd. LLC now owns 2,696 shares of the conglomerate’s stock worth $628,000 after purchasing an additional 47 shares during the period. Bar Harbor Wealth Management increased its position in Honeywell International by 0.3% in the second quarter. Bar Harbor Wealth Management now owns 15,192 shares of the conglomerate’s stock worth $3,538,000 after purchasing an additional 47 shares during the period. Finally, Kirtland Hills Capital Management LLC increased its position in Honeywell International by 1.1% in the first quarter. Kirtland Hills Capital Management LLC now owns 4,424 shares of the conglomerate’s stock worth $870,000 after purchasing an additional 48 shares during the period. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Price Performance

Honeywell International stock opened at $212.89 on Thursday. The firm has a market capitalization of $135.16 billion, a P/E ratio of 22.43, a PEG ratio of 2.75 and a beta of 1.06. Honeywell International Inc. has a 1 year low of $179.36 and a 1 year high of $242.77. The business has a 50-day moving average of $211.89 and a 200-day moving average of $218.15. The company has a current ratio of 1.36, a quick ratio of 1.04 and a debt-to-equity ratio of 1.70.

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 company had revenue of $8.95 billion during the quarter. Honeywell International had a return on equity of 38.11% and a net margin of 15.07%. Honeywell International has set its Q4 2023 guidance at 2.530-2.630 EPS. FY 2023 guidance at 9.100-9.200 EPS. On average, equities analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 14th will be given a dividend of $1.19 per share. This represents a $4.76 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Friday, November 14th. This is an increase from Honeywell International’s previous quarterly dividend of $1.13. Honeywell International’s dividend payout ratio is presently 47.63%.

Insider Activity

In related news, CEO Lucian Boldea sold 42,149 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 10,334 shares in the company, valued at approximately $2,289,807.72. The trade was a 80.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.20% of the company’s stock.

Wall Street Analyst Weigh In

HON has been the subject of a number of research reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of Honeywell International in a research report on Wednesday, October 8th. Robert W. Baird lowered their price objective on Honeywell International from $250.00 to $220.00 and set a “neutral” rating for the company in a research report on Monday, October 13th. Rothschild & Co Redburn lowered their price objective on Honeywell International from $240.00 to $222.00 and set a “neutral” rating for the company in a research report on Monday. TD Cowen lowered their price objective on Honeywell International from $260.00 to $250.00 in a research report on Tuesday, October 7th. Finally, Wells Fargo & Company lifted their price objective on Honeywell International from $220.00 to $230.00 and gave the stock an “equal weight” rating in a research report on Friday, October 24th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $250.25.

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.