Pathway Financial Advisors LLC Reduces Holdings in Honeywell International Inc. $HON

Pathway Financial Advisors LLC decreased its position in shares of Honeywell International Inc. (NASDAQ:HON) by 2.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,085 shares of the conglomerate’s stock after selling 810 shares during the period. Honeywell International comprises approximately 0.9% of Pathway Financial Advisors LLC’s holdings, making the stock its 20th biggest holding. Pathway Financial Advisors LLC’s holdings in Honeywell International were worth $6,308,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Chung Wu Investment Group LLC acquired a new stake in shares of Honeywell International in the 2nd quarter valued at about $26,000. Pandora Wealth Inc. acquired a new stake in shares of Honeywell International in the 1st quarter valued at about $33,000. RMG Wealth Management LLC acquired a new stake in shares of Honeywell International in the 2nd quarter valued at about $33,000. 1248 Management LLC acquired a new stake in shares of Honeywell International in the 1st quarter valued at about $38,000. Finally, Dogwood Wealth Management LLC raised its stake in shares of Honeywell International by 143.9% in the 2nd quarter. Dogwood Wealth Management LLC now owns 161 shares of the conglomerate’s stock valued at $39,000 after purchasing an additional 95 shares in the last quarter. Institutional investors own 75.91% of the company’s stock.

Insider Buying and Selling

In other Honeywell International news, CEO Lucian Boldea sold 42,149 shares of the company’s stock in a transaction dated 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 completion of the transaction, the chief executive officer owned 10,334 shares in the company, valued at approximately $2,289,807.72. This represents a 80.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.41% of the company’s stock.

Honeywell International Price Performance

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

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

Honeywell International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 14th will be given a $1.19 dividend. This is a positive change from Honeywell International’s previous quarterly dividend of $1.13. The ex-dividend date is Friday, November 14th. This represents a $4.76 annualized dividend and a yield of 2.4%. Honeywell International’s payout ratio is currently 51.42%.

Wall Street Analysts Forecast Growth

HON has been the topic of a number of recent analyst reports. Royal Bank Of Canada cut 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. Jefferies Financial Group cut their target price on shares of Honeywell International from $240.00 to $230.00 and set a “hold” rating on the stock in a research note on Tuesday, October 7th. Morgan Stanley upped their target price on shares of Honeywell International from $225.00 to $245.00 and gave the company an “equal weight” rating in a research note on Monday, July 28th. Barclays boosted their price objective on shares of Honeywell International from $258.00 to $265.00 and gave the company an “overweight” rating in a research report on Wednesday, July 9th. Finally, Wells Fargo & Company lowered their price objective on shares of Honeywell International from $230.00 to $220.00 and set an “equal weight” rating for the company in a research report on Monday, October 6th. 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 stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price 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.