Schulhoff & Co. Inc. Reduces Stock Holdings in Honeywell International Inc. $HON

Schulhoff & Co. Inc. decreased its position in Honeywell International Inc. (NASDAQ:HON) by 2.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,809 shares of the conglomerate’s stock after selling 197 shares during the period. Schulhoff & Co. Inc.’s holdings in Honeywell International were worth $2,051,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. St. James Investment Company LLC lifted its stake in Honeywell International by 0.8% in the second quarter. St. James Investment Company LLC now owns 74,604 shares of the conglomerate’s stock valued at $17,374,000 after purchasing an additional 581 shares during the last quarter. D.A. Davidson & CO. lifted its stake in Honeywell International by 0.4% in the second quarter. D.A. Davidson & CO. now owns 54,526 shares of the conglomerate’s stock valued at $12,698,000 after purchasing an additional 227 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its stake in Honeywell International by 2.0% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 123,310 shares of the conglomerate’s stock valued at $28,716,000 after purchasing an additional 2,429 shares during the last quarter. Whittier Trust Co. lifted its position in shares of Honeywell International by 5.1% during the second quarter. Whittier Trust Co. now owns 281,718 shares of the conglomerate’s stock worth $65,606,000 after acquiring an additional 13,716 shares in the last quarter. Finally, Divergent Planning LLC purchased a new stake in shares of Honeywell International during the second quarter worth $1,192,000. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on HON. Deutsche Bank Aktiengesellschaft increased their target price on Honeywell International from $268.00 to $271.00 and gave the stock a “buy” rating in a research report on Thursday, October 2nd. Barclays increased their target price on Honeywell International from $258.00 to $265.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 9th. Jefferies Financial Group dropped their target price on Honeywell International from $240.00 to $230.00 and set a “hold” rating on the stock in a research report on Tuesday, October 7th. Morgan Stanley increased their target price on Honeywell International from $225.00 to $245.00 and gave the stock an “equal weight” rating in a research report on Monday, July 28th. Finally, Wells Fargo & Company dropped their target price on Honeywell International from $230.00 to $220.00 and set an “equal weight” rating on the stock in a research report on Monday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $251.67.

Honeywell International Trading Up 1.5%

Honeywell International stock opened at $209.08 on Wednesday. The stock has a market cap of $132.74 billion, a P/E ratio of 23.79, a PEG ratio of 2.56 and a beta of 1.06. Honeywell International Inc. has a fifty-two week low of $179.36 and a fifty-two week high of $242.77. The firm’s fifty day moving average price is $212.27 and its 200-day moving average price is $217.03. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.97 and a current ratio of 1.29.

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 firm had revenue of $8.95 billion for the quarter. Honeywell International had a net margin of 14.30% and a return on equity of 37.37%. Honeywell International has set its Q4 2023 guidance at 2.530-2.630 EPS. FY 2023 guidance at 9.100-9.200 EPS. 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 company also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Friday, November 14th will be paid a $1.19 dividend. This is a boost from Honeywell International’s previous quarterly dividend of $1.13. This represents a $4.76 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Friday, November 14th. Honeywell International’s payout ratio is currently 51.42%.

Insider Buying and Selling

In related news, CEO Lucian Boldea sold 42,149 shares of the stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $221.58, for a total value of $9,339,375.42. Following the transaction, the chief executive officer owned 10,334 shares of the company’s stock, valued at $2,289,807.72. This represents a 80.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.41% of the stock is currently owned by corporate insiders.

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.