Honeywell International Inc. $HON Shares Sold by Crescent Sterling Ltd.

Crescent Sterling Ltd. lessened its holdings in Honeywell International Inc. (NASDAQ:HON) by 3.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,623 shares of the conglomerate’s stock after selling 270 shares during the period. Honeywell International makes up 1.7% of Crescent Sterling Ltd.’s investment portfolio, making the stock its 19th largest position. Crescent Sterling Ltd.’s holdings in Honeywell International were worth $1,542,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Vanguard Group Inc. lifted its stake in shares of Honeywell International by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 62,209,455 shares of the conglomerate’s stock valued at $13,172,852,000 after purchasing an additional 447,744 shares during the last quarter. Wellington Management Group LLP lifted its stake in Honeywell International by 8.9% during the 1st quarter. Wellington Management Group LLP now owns 15,751,951 shares of the conglomerate’s stock worth $3,335,476,000 after acquiring an additional 1,293,137 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Honeywell International by 9.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 6,038,080 shares of the conglomerate’s stock worth $1,278,563,000 after acquiring an additional 505,083 shares in the last quarter. Invesco Ltd. lifted its stake in Honeywell International by 5.4% during the 1st quarter. Invesco Ltd. now owns 5,568,610 shares of the conglomerate’s stock worth $1,179,153,000 after acquiring an additional 283,193 shares in the last quarter. Finally, Nuveen LLC acquired a new position in Honeywell International during the 1st quarter worth about $1,150,929,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Insider Activity at Honeywell International

In other news, CEO Lucian Boldea sold 42,149 shares of the stock in a transaction dated 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 transaction, 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.20% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on HON shares. Deutsche Bank Aktiengesellschaft decreased 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, October 24th. Weiss Ratings reissued a “buy (b-)” rating on shares of Honeywell International in a research note on Wednesday, October 8th. Citigroup increased their target price on Honeywell International from $265.00 to $267.00 and gave the stock a “buy” rating in a research note on Friday, October 24th. Jefferies Financial Group decreased their target price on Honeywell International from $240.00 to $230.00 and set a “hold” rating on the stock in a research note on Tuesday, October 7th. Finally, Royal Bank Of Canada raised Honeywell International from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from $235.00 to $253.00 in a research note on Monday, October 27th. One equities 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 stock. According to MarketBeat, Honeywell International presently has a consensus rating of “Moderate Buy” and a consensus target price of $250.25.

Honeywell International Price Performance

Shares of NASDAQ HON opened at $201.33 on Friday. The stock’s 50-day moving average is $211.11 and its two-hundred day moving average is $218.03. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.36 and a quick ratio of 1.04. Honeywell International Inc. has a 1-year low of $179.36 and a 1-year high of $242.77. The company has a market cap of $127.82 billion, a price-to-earnings ratio of 21.21, a price-to-earnings-growth ratio of 2.73 and a beta of 1.06.

Honeywell International (NASDAQ:HON) last released its quarterly earnings data on Monday, December 11th. The conglomerate reported $2.25 EPS for the quarter. Honeywell International had a return on equity of 38.11% and a net margin of 15.07%.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. Analysts forecast that Honeywell International Inc. will post 10.34 EPS 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 $1.19 dividend. This represents a $4.76 dividend on an annualized basis and a dividend yield of 2.4%. 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 (DPR) is currently 47.63%.

About Honeywell International

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.