Honeywell International Inc. $HON Shares Sold by ELCO Management Co. LLC

ELCO Management Co. LLC lessened its position in shares of Honeywell International Inc. (NASDAQ:HON) by 0.7% in the 2nd quarter, HoldingsChannel reports. The fund owned 8,671 shares of the conglomerate’s stock after selling 61 shares during the period. Honeywell International accounts for about 1.1% of ELCO Management Co. LLC’s portfolio, making the stock its 23rd biggest holding. ELCO Management Co. LLC’s holdings in Honeywell International were worth $2,019,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HON. Nuveen LLC acquired a new position in shares of Honeywell International in the 1st quarter valued at $1,150,929,000. Wellington Management Group LLP boosted its holdings 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 buying an additional 1,293,137 shares in the last quarter. Alliancebernstein L.P. boosted its holdings in shares of Honeywell International by 64.6% in the 1st quarter. Alliancebernstein L.P. now owns 2,652,344 shares of the conglomerate’s stock valued at $561,634,000 after buying an additional 1,041,273 shares in the last quarter. Vista Cima Wealth Management LLC acquired a new position in shares of Honeywell International in the 1st quarter valued at $164,000. Finally, OVERSEA CHINESE BANKING Corp Ltd boosted its holdings in shares of Honeywell International by 592.0% in the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 867,665 shares of the conglomerate’s stock valued at $183,728,000 after buying an additional 742,281 shares in the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on HON shares. Citigroup upped their target price on shares of Honeywell International from $265.00 to $267.00 and gave the company a “buy” rating in a report on Friday, October 24th. Jefferies Financial Group decreased their price target on shares of Honeywell International from $240.00 to $230.00 and set a “hold” rating for the company in a research note on Tuesday, October 7th. Rothschild & Co Redburn decreased their price target on shares of Honeywell International from $240.00 to $222.00 and set a “neutral” rating for the company in a research note on Monday. Weiss Ratings reiterated a “buy (b-)” rating on shares of Honeywell International in a research note on Wednesday, October 8th. Finally, Morgan Stanley decreased their price target on shares of Honeywell International from $245.00 to $235.00 and set an “equal weight” rating for the company in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $250.25.

Honeywell International Stock Down 0.3%

Shares of Honeywell International stock opened at $214.41 on Wednesday. The company has a market cap of $136.13 billion, a P/E 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 Inc. has a one year low of $179.36 and a one year high of $242.77. The firm has a fifty day moving average of $211.97 and a two-hundred day moving average of $218.05.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings data on Monday, December 11th. The conglomerate reported $2.25 EPS for the quarter. The company had revenue of $8.95 billion during the quarter. Honeywell International had a net margin of 15.07% and a return on equity of 38.11%. 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 forecast that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 14th will be given a dividend of $1.19 per share. This represents a $4.76 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Friday, November 14th. This is an increase from Honeywell International’s previous quarterly dividend of $1.13. Honeywell International’s payout ratio is currently 47.63%.

Insider Buying and Selling

In other Honeywell International news, CEO Lucian Boldea sold 42,149 shares of the company’s stock in a transaction on 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 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 sale 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 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.