Honeywell International Inc. $HON Shares Sold by Kentucky Retirement Systems

Kentucky Retirement Systems trimmed its holdings in Honeywell International Inc. (NASDAQ:HON) by 6.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 41,770 shares of the conglomerate’s stock after selling 2,737 shares during the quarter. Kentucky Retirement Systems’ holdings in Honeywell International were worth $9,727,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Saratoga Research & Investment Management grew its position in Honeywell International by 6.6% during the 2nd quarter. Saratoga Research & Investment Management now owns 57,925 shares of the conglomerate’s stock worth $13,490,000 after purchasing an additional 3,585 shares during the last quarter. North Dallas Bank & Trust Co. purchased a new position in shares of Honeywell International during the second quarter worth about $1,316,000. Newbridge Financial Services Group Inc. grew its holdings in shares of Honeywell International by 128.7% during the second quarter. Newbridge Financial Services Group Inc. now owns 622 shares of the conglomerate’s stock worth $145,000 after buying an additional 350 shares during the last quarter. Delos Wealth Advisors LLC purchased a new stake in Honeywell International during the 2nd quarter valued at approximately $47,000. Finally, Hohimer Wealth Management LLC lifted its position in Honeywell International by 3.1% during the 2nd quarter. Hohimer Wealth Management LLC now owns 3,637 shares of the conglomerate’s stock worth $847,000 after acquiring an additional 108 shares during the period. Institutional investors and hedge funds own 75.91% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Royal Bank Of Canada raised Honeywell International from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from $235.00 to $253.00 in a report on Monday, October 27th. BNP Paribas Exane initiated coverage on shares of Honeywell International in a research report on Wednesday, December 3rd. They issued a “neutral” rating and a $195.00 price objective on the stock. Citigroup boosted their price objective on shares of Honeywell International from $251.56 to $267.00 and gave the company a “buy” rating in a research note on Tuesday, November 4th. Rothschild & Co Redburn reduced their target price on shares of Honeywell International from $240.00 to $222.00 and set a “neutral” rating for the company in a research note on Monday, October 27th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of Honeywell International from $265.00 to $264.00 and set a “buy” rating on the stock in a report on Monday, December 8th. Seven equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $235.44.

Honeywell International Price Performance

Shares of NASDAQ HON opened at $193.66 on Friday. 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 Inc. has a one year low of $169.21 and a one year high of $228.04. The firm has a market capitalization of $122.95 billion, a P/E ratio of 20.41, a PEG ratio of 2.59 and a beta of 0.96. The company’s fifty day moving average is $199.27 and its two-hundred day moving average is $214.33.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings data on Monday, December 11th. The conglomerate reported $2.25 EPS for the quarter. The firm 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 and its 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 company also recently declared a quarterly dividend, which was paid on Friday, December 5th. Stockholders of record on Friday, November 14th were paid a dividend of $1.19 per share. This is a positive change from Honeywell International’s previous quarterly dividend of $1.13. The ex-dividend date of this dividend was Friday, November 14th. This represents a $4.76 annualized dividend and a dividend yield of 2.5%. Honeywell International’s dividend payout ratio is presently 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.