Honeywell International Inc. $HON Shares Sold by Acima Private Wealth LLC

Acima Private Wealth LLC trimmed its position in Honeywell International Inc. (NASDAQ:HON) by 47.9% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,610 shares of the conglomerate’s stock after selling 1,483 shares during the period. Acima Private Wealth LLC’s holdings in Honeywell International were worth $375,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its stake in Honeywell International by 0.7% in the first quarter. Vanguard Group Inc. now owns 62,209,455 shares of the conglomerate’s stock worth $13,172,852,000 after purchasing an additional 447,744 shares in the last quarter. Wellington Management Group LLP grew its stake in Honeywell International by 8.9% in the first quarter. Wellington Management Group LLP now owns 15,751,951 shares of the conglomerate’s stock worth $3,335,476,000 after purchasing an additional 1,293,137 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in Honeywell International by 9.1% in the first quarter. Goldman Sachs Group Inc. now owns 6,038,080 shares of the conglomerate’s stock valued at $1,278,563,000 after acquiring an additional 505,083 shares during the period. Invesco Ltd. boosted its stake in Honeywell International by 5.4% in the first quarter. Invesco Ltd. now owns 5,568,610 shares of the conglomerate’s stock valued at $1,179,153,000 after acquiring an additional 283,193 shares during the period. Finally, Nuveen LLC acquired a new position in Honeywell International in the first quarter valued at approximately $1,150,929,000. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Lucian Boldea sold 42,149 shares of the business’s 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 sale, the chief executive officer owned 10,334 shares of the company’s stock, valued at $2,289,807.72. The trade was a 80.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.20% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on HON shares. Morgan Stanley lifted their target price on Honeywell International from $225.00 to $245.00 and gave the company an “equal weight” rating in a research note on Monday, July 28th. Weiss Ratings restated a “buy (b-)” rating on shares of Honeywell International in a research note on Wednesday. Wells Fargo & Company decreased their target price on Honeywell International from $230.00 to $220.00 and set an “equal weight” rating for the company in a research note on Monday, October 6th. TD Cowen decreased their target price on Honeywell International from $260.00 to $250.00 in a research note on Tuesday. Finally, Royal Bank Of Canada decreased their target price on Honeywell International from $254.00 to $253.00 and set a “sector perform” rating for the company in a research note on Friday, July 25th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Honeywell International presently has an average rating of “Moderate Buy” and an average target price of $251.80.

Honeywell International Stock Performance

HON opened at $200.91 on Friday. The business’s 50 day moving average is $214.11 and its 200-day moving average is $217.20. The stock has a market cap of $127.56 billion, a PE ratio of 22.86, a price-to-earnings-growth ratio of 2.28 and a beta of 1.06. The company has a current ratio of 1.29, a quick ratio of 0.97 and a debt-to-equity ratio of 1.81. Honeywell International Inc. has a twelve month low of $179.36 and a twelve month high of $242.77.

Honeywell International (NASDAQ:HON) last released its quarterly earnings results on Monday, December 11th. The conglomerate reported $2.25 earnings per share 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, analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current 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 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 yield of 2.4%. Honeywell International’s dividend payout ratio is presently 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.