Strs Ohio Trims Stake in Honeywell International Inc. $HON

Strs Ohio cut its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 29.2% in the 2nd quarter, HoldingsChannel reports. The firm owned 351,093 shares of the conglomerate’s stock after selling 144,710 shares during the period. Strs Ohio’s holdings in Honeywell International were worth $81,763,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Amundi grew its stake in shares of Honeywell International by 30.2% during the first quarter. Amundi now owns 519,882 shares of the conglomerate’s stock valued at $107,450,000 after buying an additional 120,706 shares during the last quarter. Triton Financial Group Inc purchased a new position in shares of Honeywell International in the second quarter worth $1,001,000. Baxter Bros Inc. raised its stake in shares of Honeywell International by 14.6% during the second quarter. Baxter Bros Inc. now owns 35,733 shares of the conglomerate’s stock valued at $8,321,000 after acquiring an additional 4,543 shares during the last quarter. Integrated Wealth Concepts LLC boosted its holdings in shares of Honeywell International by 11.4% during the first quarter. Integrated Wealth Concepts LLC now owns 28,502 shares of the conglomerate’s stock worth $6,035,000 after purchasing an additional 2,915 shares during the period. Finally, WIM INVESTMENT MANAGEMENT Ltd grew its stake in shares of Honeywell International by 40.5% in the first quarter. WIM INVESTMENT MANAGEMENT Ltd now owns 28,800 shares of the conglomerate’s stock worth $6,098,000 after purchasing an additional 8,300 shares during the last quarter. 75.91% of the stock is owned by institutional investors.

Analyst Ratings Changes

HON has been the subject of several research analyst reports. Jefferies Financial Group dropped their price objective on Honeywell International from $240.00 to $230.00 and set a “hold” rating for the company in a report on Tuesday, October 7th. Barclays lifted their price target on shares of Honeywell International from $265.00 to $270.00 and gave the company an “overweight” rating in a report on Friday, October 24th. Robert W. Baird reduced their price target on shares of Honeywell International from $250.00 to $220.00 and set a “neutral” rating on the stock in a research report on Monday, October 13th. Rothschild & Co Redburn cut their price objective on Honeywell International from $240.00 to $222.00 and set a “neutral” rating on the stock in a research report on Monday. Finally, JPMorgan Chase & Co. increased their price objective on Honeywell International from $212.00 to $218.00 and gave the stock a “neutral” rating in a report on Friday, October 24th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Honeywell International presently has a consensus rating of “Moderate Buy” and a consensus target price of $250.25.

Honeywell International Trading Down 0.7%

NASDAQ:HON opened at $212.89 on Thursday. The stock has a market cap of $135.16 billion, a price-to-earnings ratio of 22.43, a PEG ratio of 2.75 and a beta of 1.06. Honeywell International Inc. has a 52 week low of $179.36 and a 52 week high of $242.77. 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 company’s 50 day moving average price is $211.89 and its 200-day moving average price is $218.15.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings results on Monday, December 11th. The conglomerate reported $2.25 earnings per share 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. 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 business also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 14th will be issued a dividend of $1.19 per share. 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. This represents a $4.76 annualized dividend and a dividend yield of 2.2%. Honeywell International’s dividend payout ratio is presently 50.16%.

Insiders Place Their Bets

In related news, CEO Lucian Boldea sold 42,149 shares of the firm’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 value of $9,339,375.42. Following the sale, the chief executive officer owned 10,334 shares in the company, valued at approximately $2,289,807.72. This trade represents a 80.31% decrease in their ownership of the stock. 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 currently owned by company insiders.

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.