Thoroughbred Financial Services LLC Sells 2,016 Shares of Honeywell International Inc. $HON

Thoroughbred Financial Services LLC lessened its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 13.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,754 shares of the conglomerate’s stock after selling 2,016 shares during the period. Thoroughbred Financial Services LLC’s holdings in Honeywell International were worth $2,970,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Nuveen LLC bought a new stake in shares of Honeywell International during the first quarter worth $1,150,929,000. Wellington Management Group LLP increased its stake in Honeywell International by 8.9% in the 1st quarter. Wellington Management Group LLP now owns 15,751,951 shares of the conglomerate’s stock worth $3,335,476,000 after buying an additional 1,293,137 shares during the period. Alliancebernstein L.P. lifted its holdings in Honeywell International by 64.6% during the 1st quarter. Alliancebernstein L.P. now owns 2,652,344 shares of the conglomerate’s stock valued at $561,634,000 after buying an additional 1,041,273 shares in the last quarter. Vista Cima Wealth Management LLC bought a new stake in Honeywell International during the 1st quarter valued at about $164,000. Finally, Kingstone Capital Partners Texas LLC purchased a new stake in Honeywell International in the 2nd quarter valued at about $140,816,000. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on HON. HSBC decreased their price target on shares of Honeywell International from $290.00 to $266.00 and set a “buy” rating for the company in a research note on Tuesday. Barclays increased their price target on Honeywell International from $265.00 to $270.00 and gave the stock an “overweight” rating in a research report on Friday, October 24th. Deutsche Bank Aktiengesellschaft decreased their price objective on Honeywell International from $271.00 to $265.00 and set a “buy” rating for the company in a report on Friday, October 24th. Morgan Stanley dropped their target price on shares of Honeywell International from $245.00 to $235.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 28th. Finally, TD Cowen reduced their price target on shares of Honeywell International from $250.00 to $240.00 and set a “buy” rating for the company in a report on Monday, November 10th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, Honeywell International has a consensus rating of “Moderate Buy” and an average price target of $242.19.

Insider Buying and Selling

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

Honeywell International Trading Down 0.4%

NASDAQ:HON opened at $199.04 on Friday. The stock has a market capitalization of $126.37 billion, a price-to-earnings ratio of 20.97, a PEG ratio of 2.73 and a beta of 1.07. Honeywell International Inc. has a 52 week low of $169.21 and a 52 week high of $228.04. The company has a quick ratio of 1.04, a current ratio of 1.36 and a debt-to-equity ratio of 1.70. The firm has a 50 day moving average of $206.96 and a 200 day moving average of $218.05.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings data on Monday, December 11th. The conglomerate reported $2.25 EPS for the quarter. Honeywell International had a return on equity of 38.11% and a net margin of 15.07%.The firm had revenue of $8.95 billion during 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. As a group, sell-side analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Increases Dividend

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