Strs Ohio Sells 144,710 Shares of Honeywell International Inc. $HON

Strs Ohio decreased its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 29.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 351,093 shares of the conglomerate’s stock after selling 144,710 shares during the period. Strs Ohio owned 0.06% of Honeywell International worth $81,763,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. Chung Wu Investment Group LLC acquired a new stake in shares of Honeywell International in the 2nd quarter valued at about $26,000. Pandora Wealth Inc. bought a new stake in shares of Honeywell International during the first quarter worth about $33,000. RMG Wealth Management LLC bought a new position in Honeywell International in the 2nd quarter valued at about $33,000. Activest Wealth Management boosted its stake in Honeywell International by 425.9% during the 2nd quarter. Activest Wealth Management now owns 142 shares of the conglomerate’s stock valued at $33,000 after purchasing an additional 115 shares during the last quarter. Finally, 1248 Management LLC bought a new stake in Honeywell International during the 1st quarter worth approximately $38,000. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Trading Down 0.7%

NASDAQ HON opened at $212.89 on Thursday. The business’s fifty day moving average is $211.89 and its 200-day moving average is $218.15. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.36 and a quick ratio of 1.04. The stock has a market capitalization of $135.16 billion, a price-to-earnings ratio of 22.43, a PEG ratio of 2.75 and a beta of 1.06. Honeywell International Inc. has a one year low of $179.36 and a one year 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. The business had revenue of $8.95 billion during 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. Equities research analysts predict that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Friday, November 14th will be paid a $1.19 dividend. The ex-dividend date is Friday, November 14th. This is a positive change from Honeywell International’s previous quarterly dividend of $1.13. This represents a $4.76 annualized dividend and a yield of 2.2%. Honeywell International’s dividend payout ratio (DPR) is currently 50.16%.

Wall Street Analyst Weigh In

HON has been the topic of several analyst reports. Robert W. Baird cut their target price on Honeywell International from $250.00 to $220.00 and set a “neutral” rating on the stock in a research report on Monday, October 13th. Royal Bank Of Canada upgraded Honeywell International from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from $235.00 to $253.00 in a research note on Monday. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Honeywell International from $271.00 to $265.00 and set a “buy” rating for the company in a research note on Friday, October 24th. TD Cowen dropped their price target on shares of Honeywell International from $260.00 to $250.00 in a research report on Tuesday, October 7th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Honeywell International in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, Honeywell International has an average rating of “Moderate Buy” and an average target price of $250.25.

Insider Buying and Selling

In other Honeywell International 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 transaction, the chief executive officer directly owned 10,334 shares of the company’s stock, valued at approximately $2,289,807.72. This 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 link. Insiders own 0.20% of the company’s stock.

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.