RWA Wealth Partners LLC Sells 1,369 Shares of Honeywell International Inc. $HON

RWA Wealth Partners LLC lessened its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 1.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 131,988 shares of the conglomerate’s stock after selling 1,369 shares during the period. RWA Wealth Partners LLC’s holdings in Honeywell International were worth $30,737,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. AGF Management Ltd. grew its stake in shares of Honeywell International by 3.3% in the second quarter. AGF Management Ltd. now owns 368,755 shares of the conglomerate’s stock valued at $85,876,000 after buying an additional 11,941 shares in the last quarter. Summit Investment Advisors Inc. lifted its stake in Honeywell International by 1.2% in the first quarter. Summit Investment Advisors Inc. now owns 41,334 shares of the conglomerate’s stock valued at $8,752,000 after acquiring an additional 472 shares during the last quarter. AE Wealth Management LLC grew its position in shares of Honeywell International by 4.8% in the 2nd quarter. AE Wealth Management LLC now owns 107,948 shares of the conglomerate’s stock valued at $25,139,000 after acquiring an additional 4,973 shares during the period. Paradigm Asset Management Co. LLC increased its stake in shares of Honeywell International by 148.4% during the 2nd quarter. Paradigm Asset Management Co. LLC now owns 5,357 shares of the conglomerate’s stock worth $1,248,000 after purchasing an additional 3,200 shares during the last quarter. Finally, Summit Wealth & Retirement Planning Inc. bought a new stake in shares of Honeywell International in the 2nd quarter valued at about $205,000. 75.91% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on the company. 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. Morgan Stanley dropped their price target on Honeywell International from $245.00 to $235.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 28th. Deutsche Bank Aktiengesellschaft cut their price target on Honeywell International from $271.00 to $265.00 and set a “buy” rating for the company in a report on Friday, October 24th. TD Cowen decreased their price objective on shares of Honeywell International from $260.00 to $250.00 in a report on Tuesday, October 7th. Finally, Wells Fargo & Company raised their target price on shares of Honeywell International from $220.00 to $230.00 and gave the stock an “equal weight” rating in a research note on Friday, October 24th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $249.63.

Honeywell International Trading Down 0.9%

Shares of HON stock opened at $194.07 on Friday. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.04 and a current ratio of 1.36. Honeywell International Inc. has a fifty-two week low of $179.36 and a fifty-two week high of $242.77. The company has a market cap of $123.21 billion, a PE ratio of 20.45, a P/E/G ratio of 2.73 and a beta of 1.07. The stock’s fifty day moving average price is $208.63 and its two-hundred day moving average price is $218.04.

Honeywell International (NASDAQ:HON) last posted its earnings results on Monday, December 11th. The conglomerate reported $2.25 EPS for the quarter. The firm 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. Equities analysts predict that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Increases Dividend

The firm also recently declared 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 an increase from Honeywell International’s previous quarterly dividend of $1.13. The ex-dividend date is Friday, November 14th. This represents a $4.76 annualized dividend and a yield of 2.5%. Honeywell International’s dividend payout ratio is currently 50.16%.

Insider Activity

In related 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 transaction of $9,339,375.42. Following the completion of the transaction, the chief executive officer directly owned 10,334 shares of the company’s stock, valued at $2,289,807.72. This trade represents a 80.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.20% of the company’s stock.

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.