Bill Few Associates Inc. Cuts Holdings in Honeywell International Inc. $HON

Bill Few Associates Inc. trimmed its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 1.9% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 15,616 shares of the conglomerate’s stock after selling 295 shares during the quarter. Honeywell International accounts for approximately 1.0% of Bill Few Associates Inc.’s investment portfolio, making the stock its 28th biggest position. Bill Few Associates Inc.’s holdings in Honeywell International were worth $3,637,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. BankPlus Wealth Management LLC lifted its position in Honeywell International by 2.2% during the second quarter. BankPlus Wealth Management LLC now owns 1,986 shares of the conglomerate’s stock valued at $463,000 after purchasing an additional 43 shares in the last quarter. Maia Wealth LLC lifted its position in Honeywell International by 4.1% during the first quarter. Maia Wealth LLC now owns 1,189 shares of the conglomerate’s stock valued at $238,000 after purchasing an additional 47 shares in the last quarter. Bar Harbor Wealth Management lifted its position in Honeywell International by 0.3% during the second quarter. Bar Harbor Wealth Management now owns 15,192 shares of the conglomerate’s stock valued at $3,538,000 after purchasing an additional 47 shares in the last quarter. Capital Advisors Ltd. LLC lifted its position in Honeywell International by 1.8% during the second quarter. Capital Advisors Ltd. LLC now owns 2,696 shares of the conglomerate’s stock valued at $628,000 after purchasing an additional 47 shares in the last quarter. Finally, Kirtland Hills Capital Management LLC lifted its position in Honeywell International by 1.1% during the first quarter. Kirtland Hills Capital Management LLC now owns 4,424 shares of the conglomerate’s stock valued at $870,000 after purchasing an additional 48 shares in the last quarter. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Honeywell International Price Performance

NASDAQ:HON opened at $200.91 on Monday. The company has a current ratio of 1.29, a quick ratio of 0.97 and a debt-to-equity ratio of 1.81. The company 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. Honeywell International Inc. has a 12 month low of $179.36 and a 12 month high of $242.77. The business’s 50-day moving average is $214.11 and its 200 day moving average is $217.25.

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

Honeywell International Increases Dividend

The company also recently announced 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 is an increase from Honeywell International’s previous quarterly dividend of $1.13. This represents a $4.76 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Friday, November 14th. Honeywell International’s dividend payout ratio (DPR) is presently 51.42%.

Insider Activity at Honeywell International

In related news, CEO Lucian Boldea sold 42,149 shares of the business’s stock in a transaction dated 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 approximately $2,289,807.72. The trade was a 80.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.41% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on HON. TD Cowen lowered their target price on Honeywell International from $260.00 to $250.00 in a research report on Tuesday, October 7th. Deutsche Bank Aktiengesellschaft raised their price target on Honeywell International from $268.00 to $271.00 and gave the company a “buy” rating in a report on Thursday, October 2nd. Royal Bank Of Canada decreased their price target on Honeywell International from $254.00 to $253.00 and set a “sector perform” rating on the stock in a report on Friday, July 25th. Weiss Ratings reissued a “buy (b-)” rating on shares of Honeywell International in a report on Wednesday, October 8th. Finally, 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 report on Tuesday, October 7th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Honeywell International presently has a consensus rating of “Moderate Buy” and a consensus price target of $251.80.

About Honeywell International

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.