Heritage Investors Management Corp Cuts Position in Honeywell International Inc. $HON

Heritage Investors Management Corp lessened its holdings in Honeywell International Inc. (NASDAQ:HON) by 0.8% during the second quarter, Holdings Channel.com reports. The institutional investor owned 61,689 shares of the conglomerate’s stock after selling 512 shares during the quarter. Heritage Investors Management Corp’s holdings in Honeywell International were worth $14,366,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in shares of Honeywell International by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 62,209,455 shares of the conglomerate’s stock worth $13,172,852,000 after buying an additional 447,744 shares during the last quarter. Wellington Management Group LLP boosted its stake in shares of Honeywell International by 8.9% in the 1st quarter. Wellington Management Group LLP now owns 15,751,951 shares of the conglomerate’s stock worth $3,335,476,000 after buying an additional 1,293,137 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Honeywell International by 9.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 6,038,080 shares of the conglomerate’s stock worth $1,278,563,000 after buying an additional 505,083 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Honeywell International by 5.4% in the 1st quarter. Invesco Ltd. now owns 5,568,610 shares of the conglomerate’s stock worth $1,179,153,000 after buying an additional 283,193 shares during the last quarter. Finally, Nuveen LLC purchased a new position in shares of Honeywell International in the 1st quarter worth approximately $1,150,929,000. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Wall Street Analysts Forecast Growth

HON has been the topic of several research analyst reports. TD Cowen dropped their price objective on Honeywell International from $260.00 to $250.00 in a research note on Tuesday, October 7th. Robert W. Baird dropped their price objective on Honeywell International from $250.00 to $220.00 and set a “neutral” rating on the stock in a research note on Monday, October 13th. Barclays upped their price objective on Honeywell International from $265.00 to $270.00 and gave the company an “overweight” rating in a research note 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. Finally, Citigroup upped their price objective on Honeywell International from $265.00 to $267.00 and gave the company a “buy” rating in a research note on Friday, October 24th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $250.25.

Insider Transactions at Honeywell International

In other Honeywell International news, CEO Lucian Boldea sold 42,149 shares of the business’s 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 sale, 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 sale was disclosed in a legal filing with the SEC, which is available through this link. 0.20% of the stock is owned by insiders.

Honeywell International Trading Down 0.7%

Shares of HON stock opened at $212.89 on Thursday. The company’s fifty day simple moving average is $211.89 and its two-hundred day simple moving average is $218.15. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.36 and a quick ratio of 1.04. Honeywell International Inc. has a 1 year low of $179.36 and a 1 year high of $242.77. The stock has a market capitalization of $135.16 billion, a price-to-earnings ratio of 22.43, a PEG ratio of 2.75 and a beta of 1.06.

Honeywell International (NASDAQ:HON) last issued its earnings results 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 business 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 anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 14th will be issued a dividend of $1.19 per share. This represents a $4.76 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Friday, November 14th. This is a positive change from Honeywell International’s previous quarterly dividend of $1.13. Honeywell International’s payout ratio is presently 50.16%.

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.