Hikari Power Ltd Decreases Stock Holdings in Honeywell International Inc. $HON

Hikari Power Ltd reduced its position in shares of Honeywell International Inc. (NASDAQ:HON) by 2.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,800 shares of the conglomerate’s stock after selling 400 shares during the period. Hikari Power Ltd’s holdings in Honeywell International were worth $3,680,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. BankPlus Wealth Management LLC raised its stake in Honeywell International by 2.2% during the 2nd quarter. BankPlus Wealth Management LLC now owns 1,986 shares of the conglomerate’s stock worth $463,000 after acquiring an additional 43 shares in the last quarter. Maia Wealth LLC increased its stake in shares of Honeywell International by 4.1% during the first quarter. Maia Wealth LLC now owns 1,189 shares of the conglomerate’s stock worth $238,000 after acquiring an additional 47 shares during the period. Bar Harbor Wealth Management increased its stake in shares of Honeywell International by 0.3% during the second quarter. Bar Harbor Wealth Management now owns 15,192 shares of the conglomerate’s stock worth $3,538,000 after acquiring an additional 47 shares during the period. Capital Advisors Ltd. LLC increased its stake in shares of Honeywell International by 1.8% during the second quarter. Capital Advisors Ltd. LLC now owns 2,696 shares of the conglomerate’s stock worth $628,000 after acquiring an additional 47 shares during the period. Finally, Kirtland Hills Capital Management LLC boosted its holdings in Honeywell International by 1.1% during the first quarter. Kirtland Hills Capital Management LLC now owns 4,424 shares of the conglomerate’s stock worth $870,000 after buying an additional 48 shares in the last quarter. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Royal Bank Of Canada decreased their price objective on shares of Honeywell International from $253.00 to $235.00 and set a “sector perform” rating on the stock in a report on Friday. Jefferies Financial Group reduced their price objective on shares of Honeywell International from $240.00 to $230.00 and set a “hold” rating on the stock in a research note on Tuesday, October 7th. Wells Fargo & Company upped their price objective on shares of Honeywell International from $220.00 to $230.00 in a research note on Friday. Morgan Stanley upped their price target on shares of Honeywell International from $225.00 to $245.00 and gave the stock an “equal weight” rating in a research report on Monday, July 28th. Finally, Citigroup upped their price target on shares of Honeywell International from $265.00 to $267.00 and gave the stock a “buy” rating in a research report on Friday. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $251.60.

Honeywell International Price Performance

Honeywell International stock opened at $216.14 on Monday. Honeywell International Inc. has a 52-week low of $179.36 and a 52-week high of $242.77. The firm has a fifty day moving average of $212.04 and a 200-day moving average of $217.79. The firm has a market capitalization of $137.23 billion, a P/E ratio of 22.78, a PEG ratio of 2.64 and a beta of 1.06. The company has a quick ratio of 1.04, a current ratio of 1.36 and a debt-to-equity ratio of 1.70.

Honeywell International (NASDAQ:HON) last released its quarterly earnings data on Monday, December 11th. The conglomerate reported $2.25 earnings per share (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. As a group, analysts predict that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 14th will be paid a $1.19 dividend. This represents a $4.76 annualized dividend and a dividend yield of 2.2%. This is a boost from Honeywell International’s previous quarterly dividend of $1.13. The ex-dividend date is Friday, November 14th. Honeywell International’s payout ratio is currently 50.16%.

Insider Buying and Selling at Honeywell International

In other news, CEO Lucian Boldea sold 42,149 shares of the company’s stock in a transaction 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 transaction, the chief executive officer directly owned 10,334 shares in the company, valued at approximately $2,289,807.72. This represents a 80.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.20% of the company’s stock.

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.