Honeywell International Inc. $HON Shares Sold by Wrapmanager Inc.

Wrapmanager Inc. lowered its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 16.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,585 shares of the conglomerate’s stock after selling 1,129 shares during the period. Wrapmanager Inc.’s holdings in Honeywell International were worth $1,301,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Nuveen LLC bought a new stake in shares of Honeywell International during the first quarter valued at about $1,150,929,000. Wellington Management Group LLP increased 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 valued at $3,335,476,000 after buying an additional 1,293,137 shares during the period. Alliancebernstein L.P. raised its position in shares of Honeywell International by 64.6% during the 1st quarter. Alliancebernstein L.P. now owns 2,652,344 shares of the conglomerate’s stock worth $561,634,000 after buying an additional 1,041,273 shares in the last quarter. Vista Cima Wealth Management LLC acquired a new stake in shares of Honeywell International in the 1st quarter worth approximately $164,000. Finally, Kingstone Capital Partners Texas LLC bought a new position in shares of Honeywell International in the second quarter valued at approximately $140,816,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Stock Down 0.9%

Shares of Honeywell International stock opened at $199.87 on Friday. Honeywell International Inc. has a 12-month low of $169.21 and a 12-month high of $228.04. The firm has a market capitalization of $126.89 billion, a PE ratio of 21.06, a price-to-earnings-growth ratio of 2.73 and a beta of 1.07. The company has a quick ratio of 1.04, a current ratio of 1.36 and a debt-to-equity ratio of 1.70. The stock’s fifty day moving average is $207.26 and its 200-day moving average is $218.06.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings results on Monday, December 11th. The conglomerate reported $2.25 earnings per share for the quarter. The firm had revenue of $8.95 billion for 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. Equities analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Increases Dividend

The company 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 is an increase from Honeywell International’s previous quarterly dividend of $1.13. 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. Honeywell International’s dividend payout ratio (DPR) is presently 50.16%.

Insider Activity at Honeywell International

In related news, CEO Lucian Boldea sold 42,149 shares of the company’s stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $221.58, for a total value of $9,339,375.42. Following the completion of the sale, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.20% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on HON. Wells Fargo & Company boosted their target price on Honeywell International from $220.00 to $230.00 and gave the stock an “equal weight” rating in a report on Friday, October 24th. Morgan Stanley dropped their price objective on Honeywell International from $245.00 to $235.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 28th. Royal Bank Of Canada upgraded Honeywell International from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from $235.00 to $253.00 in a report on Monday, October 27th. Deutsche Bank Aktiengesellschaft lowered their target price on Honeywell International from $271.00 to $265.00 and set a “buy” rating on the stock in a report on Friday, October 24th. Finally, HSBC cut their price target on shares of Honeywell International from $290.00 to $266.00 and set a “buy” rating for the company in a report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Honeywell International currently has an average rating of “Moderate Buy” and a consensus price target of $244.13.

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.