Honeywell International Inc. $HON Shares Sold by Financial Advocates Investment Management

Financial Advocates Investment Management trimmed its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 19.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,773 shares of the conglomerate’s stock after selling 655 shares during the period. Financial Advocates Investment Management’s holdings in Honeywell International were worth $646,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Triton Financial Group Inc purchased a new position in Honeywell International during the 2nd quarter valued at about $1,001,000. Amundi lifted its position in shares of Honeywell International by 30.2% in the first quarter. Amundi now owns 519,882 shares of the conglomerate’s stock worth $107,450,000 after purchasing an additional 120,706 shares in the last quarter. Managed Asset Portfolios LLC boosted its holdings in shares of Honeywell International by 2.3% during the second quarter. Managed Asset Portfolios LLC now owns 95,833 shares of the conglomerate’s stock worth $22,317,000 after purchasing an additional 2,154 shares during the period. Baxter Bros Inc. grew its position in Honeywell International by 14.6% during the second quarter. Baxter Bros Inc. now owns 35,733 shares of the conglomerate’s stock valued at $8,321,000 after purchasing an additional 4,543 shares in the last quarter. Finally, Integrated Wealth Concepts LLC grew its position in Honeywell International by 11.4% during the first quarter. Integrated Wealth Concepts LLC now owns 28,502 shares of the conglomerate’s stock valued at $6,035,000 after purchasing an additional 2,915 shares in the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Wall Street Analysts Forecast Growth

HON has been the subject of a number of research reports. Weiss Ratings reissued a “hold (c+)” rating on shares of Honeywell International in a research note on Tuesday. Citigroup increased their price objective on Honeywell International from $251.56 to $267.00 and gave the stock a “buy” rating in a report on Tuesday, November 4th. Rothschild & Co Redburn reduced their price objective on Honeywell International from $240.00 to $222.00 and set a “neutral” rating for the company in a research report on Monday, October 27th. Wells Fargo & Company dropped their target price on Honeywell International from $230.00 to $218.00 and set an “equal weight” rating on the stock in a research report on Friday, November 14th. Finally, Barclays lifted their price target on Honeywell International from $265.00 to $270.00 and gave the company an “overweight” rating in a report on Friday, October 24th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $239.38.

Honeywell International Price Performance

Shares of NASDAQ:HON opened at $189.99 on Thursday. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.36 and a quick ratio of 1.04. The stock has a market capitalization of $120.62 billion, a P/E ratio of 20.02, a P/E/G ratio of 2.73 and a beta of 1.07. The business has a 50-day moving average of $203.44 and a two-hundred day moving average of $216.87. Honeywell International Inc. has a fifty-two week low of $169.21 and a fifty-two week high of $228.04.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings data on Monday, December 11th. The conglomerate reported $2.25 earnings per share for the quarter. The business had revenue of $8.95 billion for 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, equities research analysts predict that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Friday, November 14th will be paid a $1.19 dividend. This represents a $4.76 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Friday, November 14th. This is a boost from Honeywell International’s previous quarterly dividend of $1.13. Honeywell International’s dividend payout ratio (DPR) is 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.