Honeywell International Inc. $HON Position Lessened by Verdence Capital Advisors LLC

Verdence Capital Advisors LLC lowered its position in Honeywell International Inc. (NASDAQ:HON) by 1.4% during the second quarter, HoldingsChannel.com reports. The firm owned 16,348 shares of the conglomerate’s stock after selling 231 shares during the quarter. Verdence Capital Advisors LLC’s holdings in Honeywell International were worth $3,807,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HON. Vanguard Group Inc. raised its position in Honeywell International by 0.7% during the first quarter. Vanguard Group Inc. now owns 62,209,455 shares of the conglomerate’s stock valued at $13,172,852,000 after acquiring an additional 447,744 shares in the last quarter. Wellington Management Group LLP lifted its stake in shares of Honeywell International by 8.9% in the 1st quarter. Wellington Management Group LLP now owns 15,751,951 shares of the conglomerate’s stock valued at $3,335,476,000 after purchasing an additional 1,293,137 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings 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 worth $1,278,563,000 after purchasing an additional 505,083 shares in the last quarter. Invesco Ltd. increased its position in Honeywell International by 5.4% during the first quarter. Invesco Ltd. now owns 5,568,610 shares of the conglomerate’s stock worth $1,179,153,000 after buying an additional 283,193 shares during the last quarter. Finally, Nuveen LLC bought a new stake in shares of Honeywell International during the 1st quarter worth about $1,150,929,000. 75.91% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Honeywell International

In other news, CEO Lucian Boldea sold 42,149 shares of Honeywell International stock in a transaction dated 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 sale, the chief executive officer directly owned 10,334 shares in the company, valued at approximately $2,289,807.72. The trade was a 80.31% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.41% of the company’s stock.

Honeywell International Stock Down 1.6%

Shares of HON opened at $200.91 on Monday. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.97 and a current ratio of 1.29. The company has a 50-day simple moving average of $214.11 and a 200-day simple moving average of $217.25. Honeywell International Inc. has a 52 week low of $179.36 and a 52 week high of $242.77. The firm has a market capitalization of $127.56 billion, a P/E ratio of 22.86, a P/E/G ratio of 2.25 and a beta of 1.06.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings results on Monday, December 11th. The conglomerate reported $2.25 EPS for the quarter. Honeywell International had a return on equity of 37.37% and a net margin of 14.30%.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 expect that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 14th will be issued a $1.19 dividend. 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 yield of 2.4%. Honeywell International’s payout ratio is presently 51.42%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on HON shares. Wells Fargo & Company reduced their target price on Honeywell International from $230.00 to $220.00 and set an “equal weight” rating for the company in a report on Monday, October 6th. Barclays boosted their price objective on shares of Honeywell International from $258.00 to $265.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 9th. Royal Bank Of Canada lowered their target price on shares of Honeywell International from $254.00 to $253.00 and set a “sector perform” rating on the stock in a research note on Friday, July 25th. Weiss Ratings reissued a “buy (b-)” rating on shares of Honeywell International in a research report on Wednesday, October 8th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Honeywell International from $268.00 to $271.00 and gave the company a “buy” rating in a research report on Thursday, October 2nd. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $251.80.

Honeywell International 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.