Fourpath Capital Management LLC Sells 328 Shares of Honeywell International Inc. $HON

Fourpath Capital Management LLC lowered its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 15.3% during the second quarter, Holdings Channel.com reports. The institutional investor owned 1,818 shares of the conglomerate’s stock after selling 328 shares during the quarter. Fourpath Capital Management LLC’s holdings in Honeywell International were worth $423,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HON. Brighton Jones LLC boosted its holdings in Honeywell International by 9.1% during the fourth quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate’s stock worth $4,302,000 after buying an additional 1,582 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in Honeywell International by 1.8% during the first quarter. Assenagon Asset Management S.A. now owns 19,698 shares of the conglomerate’s stock worth $4,171,000 after buying an additional 340 shares during the last quarter. Sky Investment Group LLC lifted its holdings in shares of Honeywell International by 1.9% during the 1st quarter. Sky Investment Group LLC now owns 22,217 shares of the conglomerate’s stock valued at $4,704,000 after purchasing an additional 410 shares in the last quarter. NorthCrest Asset Manangement LLC lifted its holdings in shares of Honeywell International by 2.3% during the 1st quarter. NorthCrest Asset Manangement LLC now owns 163,709 shares of the conglomerate’s stock valued at $34,665,000 after purchasing an additional 3,631 shares in the last quarter. Finally, Quintet Private Bank Europe S.A. lifted its holdings in shares of Honeywell International by 12.9% during the 1st quarter. Quintet Private Bank Europe S.A. now owns 10,658 shares of the conglomerate’s stock valued at $2,257,000 after purchasing an additional 1,214 shares in the last quarter. Institutional investors own 75.91% of the company’s stock.

Analyst Ratings Changes

HON has been the topic of several recent analyst reports. Jefferies Financial Group cut their price objective on Honeywell International from $240.00 to $230.00 and set a “hold” rating on the stock in a report on Tuesday. Wells Fargo & Company cut their price objective on Honeywell International from $230.00 to $220.00 and set an “equal weight” rating on the stock in a report on Monday, October 6th. Royal Bank Of Canada cut their price objective on Honeywell International from $254.00 to $253.00 and set a “sector perform” rating on the stock in a report on Friday, July 25th. Morgan Stanley lifted their price objective on Honeywell International from $225.00 to $245.00 and gave the company an “equal weight” rating in a report on Monday, July 28th. Finally, TD Cowen cut their price objective on Honeywell International from $260.00 to $250.00 in a report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $251.80.

Insider Buying and Selling at Honeywell International

In other Honeywell International news, CEO Lucian Boldea sold 42,149 shares of the business’s stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $221.58, for a total transaction of $9,339,375.42. Following the transaction, the chief executive officer owned 10,334 shares of the company’s stock, valued at $2,289,807.72. The trade was a 80.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.20% of the stock is owned by company insiders.

Honeywell International Stock Down 1.6%

NASDAQ:HON opened at $200.91 on Friday. The firm has a market capitalization of $127.56 billion, a price-to-earnings ratio of 22.86, a price-to-earnings-growth ratio of 2.28 and a beta of 1.06. Honeywell International Inc. has a twelve month low of $179.36 and a twelve month high of $242.77. The stock’s 50 day moving average price is $214.11 and its two-hundred day moving average price is $217.20. The company has a quick ratio of 0.97, a current ratio of 1.29 and a debt-to-equity ratio of 1.81.

Honeywell International (NASDAQ:HON) last posted 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 37.37% and a net margin of 14.30%. Honeywell International has set its Q4 2023 guidance at 2.530-2.630 EPS. FY 2023 guidance at 9.100-9.200 EPS. Equities research analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 14th will be given 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 is Friday, November 14th. This represents a $4.76 annualized dividend and a dividend yield of 2.4%. Honeywell International’s payout ratio is presently 51.42%.

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.