Ramirez Asset Management Inc. Has $1.54 Million Stock Position in Honeywell International Inc. $HON

Ramirez Asset Management Inc. decreased its position in Honeywell International Inc. (NASDAQ:HON) by 0.8% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,610 shares of the conglomerate’s stock after selling 50 shares during the period. Ramirez Asset Management Inc.’s holdings in Honeywell International were worth $1,539,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in HON. Brighton Jones LLC boosted its stake in Honeywell International by 9.1% in the 4th quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate’s stock worth $4,302,000 after purchasing an additional 1,582 shares during the period. Wealthcare Advisory Partners LLC boosted its stake in Honeywell International by 7.0% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 9,375 shares of the conglomerate’s stock worth $1,985,000 after purchasing an additional 616 shares during the period. Assenagon Asset Management S.A. boosted its stake in Honeywell International by 1.8% in the 1st quarter. Assenagon Asset Management S.A. now owns 19,698 shares of the conglomerate’s stock worth $4,171,000 after purchasing an additional 340 shares during the period. Simon Quick Advisors LLC boosted its stake in Honeywell International by 72.0% in the 1st quarter. Simon Quick Advisors LLC now owns 7,523 shares of the conglomerate’s stock worth $1,593,000 after purchasing an additional 3,149 shares during the period. Finally, apricus wealth LLC boosted its stake in Honeywell International by 15.8% in the 1st quarter. apricus wealth LLC now owns 3,652 shares of the conglomerate’s stock worth $773,000 after purchasing an additional 497 shares during the period. 75.91% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Honeywell International news, CEO Lucian Boldea sold 42,149 shares of the stock in a transaction dated 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 transaction, the chief executive officer directly owned 10,334 shares of the company’s stock, valued at $2,289,807.72. This represents a 80.31% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.20% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on HON shares. Wells Fargo & Company reduced their target price on shares of Honeywell International from $230.00 to $220.00 and set an “equal weight” rating for the company in a research note on Monday. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Honeywell International in a research note on Wednesday. Jefferies Financial Group reduced their price objective on shares of Honeywell International from $240.00 to $230.00 and set a “hold” rating for the company in a research note on Tuesday. Royal Bank Of Canada reduced their price objective on shares of Honeywell International from $254.00 to $253.00 and set a “sector perform” rating for the company in a research note on Friday, July 25th. Finally, Morgan Stanley increased their price objective on shares of Honeywell International from $225.00 to $245.00 and gave the stock an “equal weight” rating in a research note on Monday, July 28th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, Honeywell International presently has an average rating of “Moderate Buy” and an average target price of $251.80.

Honeywell International Stock Down 2.7%

Honeywell International stock opened at $204.23 on Friday. The stock has a market cap of $129.67 billion, a P/E ratio of 23.23, a P/E/G ratio of 2.35 and a beta of 1.06. 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 Inc. has a twelve month low of $179.36 and a twelve month high of $242.77. The company’s 50-day moving average price is $214.45 and its two-hundred day moving average price is $217.28.

Honeywell International (NASDAQ:HON) last released 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 net margin of 14.30% and a return on equity of 37.37%. 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 expect that Honeywell International Inc. will post 10.34 EPS for the current 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 issued a $1.19 dividend. The ex-dividend date of this dividend is Friday, November 14th. This represents a $4.76 annualized dividend and a yield of 2.3%. This is an increase from Honeywell International’s previous quarterly dividend of $1.13. Honeywell International’s payout ratio is currently 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.