Good Life Advisors LLC Sells 339 Shares of Honeywell International Inc. $HON

Good Life Advisors LLC decreased its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 16.6% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,709 shares of the conglomerate’s stock after selling 339 shares during the quarter. Good Life Advisors LLC’s holdings in Honeywell International were worth $398,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also bought and sold shares of the company. Cherokee Insurance Co acquired a new stake in shares of Honeywell International in the 2nd quarter worth about $245,000. Candriam S.C.A. boosted its position in shares of Honeywell International by 19.5% during the second quarter. Candriam S.C.A. now owns 53,070 shares of the conglomerate’s stock valued at $12,359,000 after buying an additional 8,660 shares during the last quarter. Police & Firemen s Retirement System of New Jersey boosted its position in shares of Honeywell International by 3.1% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 97,762 shares of the conglomerate’s stock valued at $22,767,000 after buying an additional 2,930 shares during the last quarter. Bailard Inc. grew its holdings in Honeywell International by 62.5% during the second quarter. Bailard Inc. now owns 22,568 shares of the conglomerate’s stock worth $5,256,000 after buying an additional 8,681 shares in the last quarter. Finally, Maple Capital Management Inc. lifted its stake in Honeywell International by 2.5% during the 2nd quarter. Maple Capital Management Inc. now owns 155,222 shares of the conglomerate’s stock valued at $36,148,000 after acquiring an additional 3,799 shares in the last quarter. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Honeywell International news, CEO Lucian Boldea sold 42,149 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer directly owned 10,334 shares in the company, valued at $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 is available at this hyperlink. 0.20% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Wells Fargo & Company reduced their target price on shares of Honeywell International from $230.00 to $218.00 and set an “equal weight” rating for the company in a research note on Friday. Weiss Ratings restated a “hold (c+)” rating on shares of Honeywell International in a report on Thursday. Morgan Stanley decreased their price objective on shares of Honeywell International from $245.00 to $235.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 28th. HSBC cut their target price on Honeywell International from $290.00 to $266.00 and set a “buy” rating on the stock in a research note on Tuesday. Finally, Rothschild & Co Redburn dropped their price target on Honeywell International from $240.00 to $222.00 and set a “neutral” rating on the stock in a report on Monday, October 27th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $243.33.

Honeywell International Stock Performance

NASDAQ:HON opened at $199.04 on Friday. The firm has a market capitalization of $126.37 billion, a PE ratio of 20.97, a PEG ratio of 2.73 and a beta of 1.07. The stock’s fifty day moving average is $206.96 and its 200 day moving average is $218.05. Honeywell International Inc. has a fifty-two week low of $169.21 and a fifty-two week high of $228.04. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.04 and a current ratio of 1.36.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings data on Monday, December 11th. The conglomerate reported $2.25 EPS for the quarter. The company 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. On average, sell-side analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Increases Dividend

The business 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 $1.19 dividend. The ex-dividend date 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 dividend yield of 2.4%. Honeywell International’s dividend payout ratio (DPR) is currently 50.16%.

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.