Schmidt P J Investment Management Inc. Reduces Holdings in Honeywell International Inc. $HON

Schmidt P J Investment Management Inc. decreased its holdings in Honeywell International Inc. (NASDAQ:HON) by 17.6% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 24,263 shares of the conglomerate’s stock after selling 5,186 shares during the quarter. Schmidt P J Investment Management Inc.’s holdings in Honeywell International were worth $5,650,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Solstein Capital LLC boosted its holdings in shares of Honeywell International by 4.4% in the second quarter. Solstein Capital LLC now owns 2,881 shares of the conglomerate’s stock worth $671,000 after buying an additional 121 shares during the last quarter. MorganRosel Wealth Management LLC boosted its holdings in shares of Honeywell International by 524.7% in the second quarter. MorganRosel Wealth Management LLC now owns 1,768 shares of the conglomerate’s stock worth $412,000 after buying an additional 1,485 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings in shares of Honeywell International by 65.5% in the second quarter. Nisa Investment Advisors LLC now owns 697,163 shares of the conglomerate’s stock worth $162,355,000 after buying an additional 275,855 shares during the last quarter. Resonant Capital Advisors LLC boosted its holdings in shares of Honeywell International by 45.6% in the second quarter. Resonant Capital Advisors LLC now owns 2,242 shares of the conglomerate’s stock worth $522,000 after buying an additional 702 shares during the last quarter. Finally, Hixon Zuercher LLC boosted its holdings in shares of Honeywell International by 3.0% in the second quarter. Hixon Zuercher LLC now owns 25,931 shares of the conglomerate’s stock worth $6,039,000 after buying an additional 754 shares during the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Insider Activity at Honeywell International

In other news, CEO Lucian Boldea sold 42,149 shares of the business’s stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $221.58, for a total value of $9,339,375.42. Following the transaction, the chief executive officer owned 10,334 shares of the company’s stock, 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 can be accessed through this hyperlink. Company insiders own 0.20% of the company’s stock.

Analyst Upgrades and Downgrades

HON has been the topic of several analyst reports. Morgan Stanley lifted their price target on shares of Honeywell International from $225.00 to $245.00 and gave the company an “equal weight” rating in a report on Monday, July 28th. Robert W. Baird lowered their price target on shares of Honeywell International from $250.00 to $220.00 and set a “neutral” rating on the stock in a report on Monday, October 13th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Honeywell International in a report on Saturday. Jefferies Financial Group lowered their price target on shares of Honeywell International from $240.00 to $230.00 and set a “hold” rating on the stock in a report on Tuesday, October 7th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Honeywell International from $212.00 to $218.00 and gave the company a “neutral” rating in a report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $251.60.

Honeywell International Price Performance

HON stock opened at $216.14 on Monday. Honeywell International Inc. has a one year low of $179.36 and a one year high of $242.77. The company’s fifty day moving average price is $212.04 and its 200-day moving average price is $217.79. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.04 and a current ratio of 1.36. The company has a market capitalization of $137.23 billion, a PE ratio of 22.78, a price-to-earnings-growth ratio of 2.64 and a beta of 1.06.

Honeywell International (NASDAQ:HON) last released its earnings results on Monday, December 11th. The conglomerate reported $2.25 EPS for the quarter. Honeywell International had a net margin of 15.07% and a return on equity of 38.11%. The firm 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, equities analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 14th will be issued a $1.19 dividend. This represents a $4.76 annualized dividend and a dividend yield of 2.2%. This is a boost from Honeywell International’s previous quarterly dividend of $1.13. The ex-dividend date of this dividend is Friday, November 14th. Honeywell International’s payout ratio is presently 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.