Anchor Capital Advisors LLC Sells 258 Shares of Honeywell International Inc. $HON

Anchor Capital Advisors LLC lessened its stake in Honeywell International Inc. (NASDAQ:HON) by 0.4% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 69,147 shares of the conglomerate’s stock after selling 258 shares during the period. Anchor Capital Advisors LLC’s holdings in Honeywell International were worth $16,103,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Brighton Jones LLC raised its position in Honeywell International by 9.1% in the fourth quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate’s stock worth $4,302,000 after purchasing an additional 1,582 shares in the last quarter. CORDA Investment Management LLC. increased its holdings in shares of Honeywell International by 2.1% during the first quarter. CORDA Investment Management LLC. now owns 96,433 shares of the conglomerate’s stock worth $20,420,000 after buying an additional 2,018 shares in the last quarter. Greenleaf Trust increased its holdings in shares of Honeywell International by 3.5% during the first quarter. Greenleaf Trust now owns 121,398 shares of the conglomerate’s stock worth $25,706,000 after buying an additional 4,117 shares in the last quarter. Brick & Kyle Associates increased its holdings in shares of Honeywell International by 1.4% during the first quarter. Brick & Kyle Associates now owns 26,440 shares of the conglomerate’s stock worth $5,569,000 after buying an additional 365 shares in the last quarter. Finally, Cornerstone Planning Group LLC increased its holdings in shares of Honeywell International by 240.3% during the first quarter. Cornerstone Planning Group LLC now owns 405 shares of the conglomerate’s stock worth $80,000 after buying an additional 286 shares in the last quarter. Institutional investors own 75.91% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on HON. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Honeywell International from $271.00 to $265.00 and set a “buy” rating for the company in a report on Friday, October 24th. JPMorgan Chase & Co. raised their price target on shares of Honeywell International from $212.00 to $218.00 and gave the company a “neutral” rating in a report on Friday, October 24th. Morgan Stanley lowered their price target on shares of Honeywell International from $245.00 to $235.00 and set an “equal weight” rating for the company in a report on Tuesday, October 28th. Citigroup raised their price target on shares of Honeywell International from $251.56 to $267.00 and gave the company a “buy” rating in a report on Tuesday. Finally, Robert W. Baird lowered their price target on shares of Honeywell International from $250.00 to $220.00 and set a “neutral” rating for the company in a report on Monday, October 13th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $249.63.

Insider Transactions at Honeywell International

In other news, CEO Lucian Boldea sold 42,149 shares of Honeywell International stock in a transaction on 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 transaction, the chief executive officer directly owned 10,334 shares of the company’s stock, valued at $2,289,807.72. This trade represents a 80.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.41% of the company’s stock.

Honeywell International Price Performance

Shares of HON stock opened at $197.05 on Thursday. Honeywell International Inc. has a 52-week low of $179.36 and a 52-week high of $242.77. The stock has a market cap of $125.10 billion, a PE ratio of 20.76, a PEG ratio of 2.73 and a beta of 1.07. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.04 and a current ratio of 1.36. The firm’s 50 day moving average price is $209.65 and its two-hundred day moving average price is $218.20.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings data on Monday, December 11th. The conglomerate reported $2.25 earnings per share (EPS) for the quarter. Honeywell International had a net margin of 15.07% and a return on equity of 38.11%. The firm 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, analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 14th will be paid a $1.19 dividend. 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. This represents a $4.76 dividend on an annualized basis and a yield of 2.4%. Honeywell International’s payout ratio is 50.16%.

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.