Honeywell International Inc. $HON Shares Sold by Mengis Capital Management Inc.

Mengis Capital Management Inc. lowered its stake in Honeywell International Inc. (NASDAQ:HON) by 55.7% during the second quarter, HoldingsChannel reports. The firm owned 5,461 shares of the conglomerate’s stock after selling 6,875 shares during the quarter. Mengis Capital Management Inc.’s holdings in Honeywell International were worth $1,272,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the stock. Verde Servicos Internacionais S.A. acquired a new position in shares of Honeywell International in the second quarter valued at approximately $8,914,000. Coordinated Financial Services Inc. acquired a new position in Honeywell International during the second quarter worth $439,000. Moseley Investment Management Inc. grew its holdings in Honeywell International by 1.4% during the second quarter. Moseley Investment Management Inc. now owns 9,457 shares of the conglomerate’s stock worth $2,202,000 after acquiring an additional 133 shares during the period. Horizon Bancorp Inc. IN grew its holdings in Honeywell International by 7.2% during the second quarter. Horizon Bancorp Inc. IN now owns 978 shares of the conglomerate’s stock worth $228,000 after acquiring an additional 66 shares during the period. Finally, IFP Advisors Inc grew its holdings in Honeywell International by 43.3% during the second quarter. IFP Advisors Inc now owns 23,739 shares of the conglomerate’s stock worth $5,831,000 after acquiring an additional 7,168 shares during the period. Institutional investors and hedge funds own 75.91% of the company’s stock.

Insider Activity

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

Analysts Set New Price Targets

A number of brokerages recently weighed in on HON. Morgan Stanley upped their price objective on Honeywell International from $225.00 to $245.00 and gave the stock an “equal weight” rating in a report on Monday, July 28th. Deutsche Bank Aktiengesellschaft upped their price objective on Honeywell International from $268.00 to $271.00 and gave the stock a “buy” rating in a report on Thursday, October 2nd. Wells Fargo & Company dropped their price objective on Honeywell International from $230.00 to $220.00 and set an “equal weight” rating on the stock in a report on Monday. Jefferies Financial Group dropped their price objective on Honeywell International from $240.00 to $230.00 and set a “hold” rating on the stock in a report on Tuesday. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Honeywell International in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $251.80.

Honeywell International Stock Down 2.7%

Honeywell International stock opened at $204.23 on Friday. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.97 and a current ratio of 1.29. The firm has a market capitalization of $129.67 billion, a price-to-earnings ratio of 23.23, a price-to-earnings-growth ratio of 2.35 and a beta of 1.06. Honeywell International Inc. has a fifty-two week low of $179.36 and a fifty-two week high of $242.77. The stock’s fifty day moving average is $214.45 and its two-hundred day moving average is $217.28.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings data 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. Analysts predict that Honeywell International Inc. will post 10.34 EPS 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. Stockholders 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. This represents a $4.76 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Friday, November 14th. Honeywell International’s dividend payout ratio (DPR) 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.