Fiduciary Wealth Partners LLC Sells 1,110 Shares of Honeywell International Inc. $HON

Fiduciary Wealth Partners LLC trimmed its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 80.6% in the second quarter, according to its most recent filing with the SEC. The firm owned 268 shares of the conglomerate’s stock after selling 1,110 shares during the period. Fiduciary Wealth Partners LLC’s holdings in Honeywell International were worth $62,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HON. Brighton Jones LLC lifted its holdings in Honeywell International by 9.1% during the 4th quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate’s stock valued at $4,302,000 after purchasing an additional 1,582 shares during the last quarter. Illinois Municipal Retirement Fund lifted its holdings in Honeywell International by 8.3% during the 1st quarter. Illinois Municipal Retirement Fund now owns 23,236 shares of the conglomerate’s stock valued at $4,920,000 after purchasing an additional 1,789 shares during the last quarter. Jaffetilchin Investment Partners LLC lifted its holdings in Honeywell International by 10.0% during the 1st quarter. Jaffetilchin Investment Partners LLC now owns 4,850 shares of the conglomerate’s stock valued at $1,027,000 after purchasing an additional 442 shares during the last quarter. Money Concepts Capital Corp lifted its holdings in Honeywell International by 15.4% during the 1st quarter. Money Concepts Capital Corp now owns 10,136 shares of the conglomerate’s stock valued at $2,146,000 after purchasing an additional 1,353 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in Honeywell International by 7.8% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 247,936 shares of the conglomerate’s stock valued at $51,730,000 after purchasing an additional 17,935 shares during the last quarter. 75.91% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Lucian Boldea sold 42,149 shares of Honeywell International 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 of the company’s stock, valued at $2,289,807.72. This trade represents a 80.31% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.20% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on HON. Deutsche Bank Aktiengesellschaft cut their price target on shares of Honeywell International from $271.00 to $265.00 and set a “buy” rating for the company in a report on Friday. Morgan Stanley raised their price objective on shares of Honeywell International from $225.00 to $245.00 and gave the company an “equal weight” rating in a research report on Monday, July 28th. Weiss Ratings restated a “buy (b-)” rating on shares of Honeywell International in a research report on Saturday. Barclays raised their price objective on shares of Honeywell International from $265.00 to $270.00 and gave the company an “overweight” rating in a research report on Friday. Finally, Jefferies Financial Group lowered their price objective on shares of Honeywell International from $240.00 to $230.00 and set a “hold” rating for the company in a research report on Tuesday, October 7th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $251.60.

Honeywell International Stock Down 2.1%

Shares of NASDAQ:HON opened at $216.14 on Friday. The company has a 50 day moving average of $212.04 and a 200-day moving average of $217.66. Honeywell International Inc. has a one year low of $179.36 and a one year high of $242.77. The stock has a market cap of $137.23 billion, a price-to-earnings ratio of 22.78, a P/E/G ratio of 2.64 and a beta of 1.06. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.36 and a quick ratio of 0.97.

Honeywell International (NASDAQ:HON) last released its quarterly earnings data on Monday, December 11th. The conglomerate reported $2.25 earnings per share for the quarter. Honeywell International had a net margin of 15.07% and a return on equity of 38.11%. 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. On average, sell-side analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Friday, November 14th will be paid a dividend of $1.19 per share. This represents a $4.76 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Friday, November 14th. This is a positive change from Honeywell International’s previous quarterly dividend of $1.13. Honeywell International’s payout ratio is 51.42%.

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.