Honeywell International Inc. $HON Shares Sold by Birchbrook Inc.

Birchbrook Inc. lowered its position in shares of Honeywell International Inc. (NASDAQ:HON) by 24.3% during the second quarter, HoldingsChannel reports. The firm owned 4,362 shares of the conglomerate’s stock after selling 1,403 shares during the period. Birchbrook Inc.’s holdings in Honeywell International were worth $1,016,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Brighton Jones LLC grew its stake in shares of Honeywell International by 9.1% during the fourth quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate’s stock valued at $4,302,000 after acquiring an additional 1,582 shares in the last quarter. Obermeyer Wealth Partners boosted its holdings in Honeywell International by 118.8% in the first quarter. Obermeyer Wealth Partners now owns 3,982 shares of the conglomerate’s stock valued at $843,000 after purchasing an additional 2,162 shares during the last quarter. Ignite Planners LLC grew its stake in Honeywell International by 23.2% during the 1st quarter. Ignite Planners LLC now owns 1,284 shares of the conglomerate’s stock valued at $271,000 after purchasing an additional 242 shares in the last quarter. PFG Advisors increased its holdings in Honeywell International by 29.9% during the 1st quarter. PFG Advisors now owns 18,171 shares of the conglomerate’s stock worth $3,848,000 after purchasing an additional 4,179 shares during the last quarter. Finally, VSM Wealth Advisory LLC increased its holdings in Honeywell International by 4.8% during the 1st quarter. VSM Wealth Advisory LLC now owns 1,100 shares of the conglomerate’s stock worth $233,000 after purchasing an additional 50 shares during the last quarter. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

HON has been the subject of several research analyst reports. Jefferies Financial Group reduced their target price on Honeywell International from $230.00 to $220.00 in a research note on Monday, November 3rd. Wells Fargo & Company reduced their price objective on shares of Honeywell International from $230.00 to $218.00 and set an “equal weight” rating on the stock in a research note on Friday, November 14th. Rothschild & Co Redburn decreased their price objective on shares of Honeywell International from $240.00 to $222.00 and set a “neutral” rating for the company in a report on Monday, October 27th. Argus cut their target price on shares of Honeywell International from $250.00 to $225.00 in a research note on Friday, November 14th. Finally, Barclays lifted their price target on Honeywell International from $265.00 to $270.00 and gave the stock an “overweight” rating in a research note on Friday, October 24th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $239.38.

Honeywell International Price Performance

Shares of NASDAQ:HON opened at $191.45 on Wednesday. The company has a market cap of $121.55 billion, a PE ratio of 20.17, a P/E/G ratio of 2.73 and a beta of 1.07. Honeywell International Inc. has a fifty-two week low of $169.21 and a fifty-two week high of $228.04. The firm has a 50-day simple moving average of $206.13 and a 200 day simple moving average of $217.89. 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 issued its earnings results 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 return on equity of 38.11% and a net margin of 15.07%. 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 EPS for the current year.

Honeywell International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 14th will be given a $1.19 dividend. This is a boost from Honeywell International’s previous quarterly dividend of $1.13. This represents a $4.76 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Friday, November 14th. Honeywell International’s dividend payout ratio is 50.16%.

Insiders Place Their Bets

In other Honeywell International news, CEO Lucian Boldea sold 42,149 shares of the firm’s stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $221.58, for a total value of $9,339,375.42. Following the sale, the chief executive officer directly owned 10,334 shares in the company, valued at approximately $2,289,807.72. This trade represents a 80.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.20% of the stock is owned by corporate insiders.

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.