Bank of Jackson Hole Trust Lowers Stock Position in Honeywell International Inc. $HON

Bank of Jackson Hole Trust lowered its position in shares of Honeywell International Inc. (NASDAQ:HON) by 1.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,210 shares of the conglomerate’s stock after selling 80 shares during the quarter. Bank of Jackson Hole Trust’s holdings in Honeywell International were worth $980,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Chung Wu Investment Group LLC purchased a new position in Honeywell International during the second quarter valued at $26,000. Pandora Wealth Inc. purchased a new position in Honeywell International during the first quarter valued at $33,000. RMG Wealth Management LLC purchased a new position in Honeywell International during the second quarter valued at $33,000. Activest Wealth Management lifted its position in Honeywell International by 425.9% during the second quarter. Activest Wealth Management now owns 142 shares of the conglomerate’s stock valued at $33,000 after buying an additional 115 shares during the period. Finally, 1248 Management LLC purchased a new position in Honeywell International during the first quarter valued at $38,000. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Analyst Ratings Changes

HON has been the subject of several recent analyst reports. Morgan Stanley lowered their price target on Honeywell International from $245.00 to $235.00 and set an “equal weight” rating for the company in a research report on Tuesday. JPMorgan Chase & Co. lifted their price target on Honeywell International from $212.00 to $218.00 and gave the stock a “neutral” rating in a research report on Friday, October 24th. TD Cowen lowered their price target on Honeywell International from $260.00 to $250.00 in a research report on Tuesday, October 7th. Robert W. Baird lowered their price target on Honeywell International from $250.00 to $220.00 and set a “neutral” rating for the company in a research report on Monday, October 13th. Finally, Rothschild & Co Redburn lowered their price target on Honeywell International from $240.00 to $222.00 and set a “neutral” rating for the company in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, Honeywell International currently has a consensus rating of “Moderate Buy” and a consensus target price of $250.25.

Insider Buying and Selling

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

Honeywell International Price Performance

NASDAQ HON opened at $214.41 on Wednesday. Honeywell International Inc. has a one year low of $179.36 and a one year high of $242.77. The stock has a 50-day moving average of $211.97 and a 200 day moving average of $218.05. The company has a market capitalization of $136.13 billion, a price-to-earnings ratio of 22.59, a PEG ratio of 2.82 and a beta of 1.06. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.04 and a current ratio of 1.36.

Honeywell International (NASDAQ:HON) last released 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 company 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 forecast that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Friday, November 14th will be issued a $1.19 dividend. This represents a $4.76 annualized dividend and a yield of 2.2%. The ex-dividend date is Friday, November 14th. This is a positive change from Honeywell International’s previous quarterly dividend of $1.13. Honeywell International’s dividend payout ratio is 47.63%.

Honeywell International Company 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.