TIAA Trust National Association Sells 7,743 Shares of Honeywell International Inc. $HON

TIAA Trust National Association decreased its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 12.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 55,059 shares of the conglomerate’s stock after selling 7,743 shares during the quarter. TIAA Trust National Association’s holdings in Honeywell International were worth $12,821,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in HON. MUFG Securities EMEA plc increased its holdings in shares of Honeywell International by 21.8% during the second quarter. MUFG Securities EMEA plc now owns 557,999 shares of the conglomerate’s stock valued at $129,947,000 after acquiring an additional 99,999 shares in the last quarter. Meixler Investment Management Ltd. boosted its stake in Honeywell International by 14.6% in the 2nd quarter. Meixler Investment Management Ltd. now owns 14,736 shares of the conglomerate’s stock worth $3,432,000 after purchasing an additional 1,874 shares in the last quarter. Welch & Forbes LLC grew its position in Honeywell International by 7.2% during the 2nd quarter. Welch & Forbes LLC now owns 11,040 shares of the conglomerate’s stock valued at $2,571,000 after purchasing an additional 742 shares during the last quarter. Atlas Private Wealth Advisors increased its stake in Honeywell International by 3.4% during the 2nd quarter. Atlas Private Wealth Advisors now owns 1,581 shares of the conglomerate’s stock valued at $368,000 after purchasing an additional 52 shares in the last quarter. Finally, Aviance Capital Partners LLC increased its stake in Honeywell International by 3.3% during the 2nd quarter. Aviance Capital Partners LLC now owns 9,262 shares of the conglomerate’s stock valued at $2,157,000 after purchasing an additional 293 shares in the last quarter. 75.91% of the stock is owned by institutional investors.

Insider Buying and Selling at Honeywell International

In related news, CEO Lucian Boldea sold 42,149 shares of the stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $221.58, for a total transaction of $9,339,375.42. Following the completion of the transaction, the chief executive officer directly owned 10,334 shares of the company’s stock, valued at approximately $2,289,807.72. This represents a 80.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.20% of the stock is currently owned by insiders.

Analyst Ratings Changes

HON has been the topic of a number of recent analyst reports. TD Cowen cut their price target on shares of Honeywell International from $260.00 to $250.00 in a report on Tuesday, October 7th. Robert W. Baird lowered their price objective on Honeywell International from $250.00 to $220.00 and set a “neutral” rating on the stock in a research report on Monday, October 13th. JPMorgan Chase & Co. lifted their target price on Honeywell International from $212.00 to $218.00 and gave the stock a “neutral” rating in a report on Friday, October 24th. Wells Fargo & Company boosted their price target on Honeywell International from $220.00 to $230.00 and gave the stock an “equal weight” rating in a research note on Friday, October 24th. Finally, Barclays upped their price target on Honeywell International from $265.00 to $270.00 and gave the company an “overweight” rating in a report on Friday, October 24th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, Honeywell International presently has a consensus rating of “Moderate Buy” and an average target price of $250.25.

Honeywell International Stock Up 0.6%

HON opened at $201.33 on Monday. The firm’s 50 day simple moving average is $211.11 and its two-hundred day simple moving average is $218.34. The company has a market capitalization of $127.82 billion, a PE ratio of 21.21, a PEG ratio of 2.73 and a beta of 1.06. Honeywell International Inc. has a 1-year low of $179.36 and a 1-year high of $242.77. The company has a current ratio of 1.36, a quick ratio of 1.04 and a debt-to-equity ratio of 1.70.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings data on Monday, December 11th. The conglomerate reported $2.25 EPS 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 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. As a group, equities analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 14th will be issued a dividend of $1.19 per share. 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. This represents a $4.76 annualized dividend and a dividend yield of 2.4%. Honeywell International’s payout ratio is currently 50.16%.

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.