Stephens Consulting LLC Sells 350 Shares of Honeywell International Inc. $HON

Stephens Consulting LLC reduced its stake in Honeywell International Inc. (NASDAQ:HON) by 52.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 318 shares of the conglomerate’s stock after selling 350 shares during the period. Stephens Consulting LLC’s holdings in Honeywell International were worth $74,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Chung Wu Investment Group LLC bought a new stake in shares of Honeywell International in the 2nd quarter valued at approximately $26,000. RMG Wealth Management LLC bought a new stake in shares of Honeywell International in the 2nd quarter valued at approximately $33,000. Pandora Wealth Inc. bought a new stake in shares of Honeywell International in the 1st quarter valued at approximately $33,000. Dogwood Wealth Management LLC grew its stake in shares of Honeywell International by 143.9% in the 2nd quarter. Dogwood Wealth Management LLC now owns 161 shares of the conglomerate’s stock valued at $39,000 after purchasing an additional 95 shares during the period. Finally, 1248 Management LLC bought a new stake in Honeywell International during the 1st quarter worth approximately $38,000. 75.91% of the stock is currently owned by institutional investors.

Insider Activity

In other 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 transaction, the chief executive officer directly owned 10,334 shares in the company, valued at $2,289,807.72. This trade represents a 80.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.41% of the stock is owned by corporate insiders.

Honeywell International Stock Down 1.6%

NASDAQ:HON opened at $200.91 on Monday. Honeywell International Inc. has a 12-month low of $179.36 and a 12-month high of $242.77. The company has a quick ratio of 0.97, a current ratio of 1.29 and a debt-to-equity ratio of 1.81. The firm has a market capitalization of $127.56 billion, a P/E ratio of 22.86, a P/E/G ratio of 2.25 and a beta of 1.06. The stock’s fifty day simple moving average is $214.11 and its 200-day simple moving average is $217.25.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings results on Monday, December 11th. The conglomerate reported $2.25 earnings per share (EPS) for the quarter. Honeywell International had a return on equity of 37.37% and a net margin of 14.30%.The business had revenue of $8.95 billion for the quarter. Honeywell International has set its Q4 2023 guidance at 2.530-2.630 EPS. FY 2023 guidance at 9.100-9.200 EPS. Equities research analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 14th will be given a $1.19 dividend. The ex-dividend date is Friday, November 14th. This represents a $4.76 annualized dividend and a dividend yield of 2.4%. This is an increase from Honeywell International’s previous quarterly dividend of $1.13. Honeywell International’s dividend payout ratio is 51.42%.

Analysts Set New Price Targets

HON has been the topic of a number of research analyst reports. Morgan Stanley increased their price target on Honeywell International from $225.00 to $245.00 and gave the stock an “equal weight” rating in a research report on Monday, July 28th. Jefferies Financial Group decreased their price target on Honeywell International from $240.00 to $230.00 and set a “hold” rating on the stock in a research report on Tuesday, October 7th. Weiss Ratings restated a “buy (b-)” rating on shares of Honeywell International in a research report on Wednesday, October 8th. Barclays increased their price target on Honeywell International from $258.00 to $265.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 9th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Honeywell International from $268.00 to $271.00 and gave the stock a “buy” rating in a research report on Thursday, October 2nd. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $251.80.

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.