Mendel Money Management Sells 251 Shares of Honeywell International Inc. $HON

Mendel Money Management decreased its holdings in Honeywell International Inc. (NASDAQ:HON) by 5.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 4,510 shares of the conglomerate’s stock after selling 251 shares during the period. Mendel Money Management’s holdings in Honeywell International were worth $1,050,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Chung Wu Investment Group LLC bought a new stake in Honeywell International during the 2nd quarter worth $26,000. Pandora Wealth Inc. bought a new stake in Honeywell International during the 1st quarter worth $33,000. RMG Wealth Management LLC bought a new stake in Honeywell International during the 2nd quarter worth $33,000. Activest Wealth Management grew its position in Honeywell International by 425.9% during the 2nd quarter. Activest Wealth Management now owns 142 shares of the conglomerate’s stock worth $33,000 after acquiring an additional 115 shares during the last quarter. Finally, 1248 Management LLC bought a new stake in Honeywell International during the 1st quarter worth $38,000. Institutional investors own 75.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Barclays boosted their price objective on Honeywell International from $265.00 to $270.00 and gave the stock an “overweight” rating in a research report on Friday, October 24th. Morgan Stanley reduced their price objective on Honeywell International from $245.00 to $235.00 and set an “equal weight” rating on the stock in a research report on Tuesday. JPMorgan Chase & Co. boosted their price objective on Honeywell International from $212.00 to $218.00 and gave the stock a “neutral” rating in a research report on Friday, October 24th. Deutsche Bank Aktiengesellschaft reduced their price target on Honeywell International from $271.00 to $265.00 and set a “buy” rating on the stock in a research report on Friday, October 24th. Finally, Citigroup upped their price target on Honeywell International from $265.00 to $267.00 and gave the company a “buy” rating in a research report on Friday, October 24th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, Honeywell International has a consensus rating of “Moderate Buy” and an average target price of $250.25.

Honeywell International Trading Down 0.3%

NASDAQ HON opened at $214.41 on Wednesday. The firm has a market capitalization of $136.13 billion, a PE ratio of 22.59, a price-to-earnings-growth ratio of 2.82 and a beta of 1.06. The company has a current ratio of 1.36, a quick ratio of 1.04 and a debt-to-equity ratio of 1.70. The business’s 50-day moving average price is $211.97 and its two-hundred day moving average price is $218.05. Honeywell International Inc. has a 12 month low of $179.36 and a 12 month high of $242.77.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings data on Monday, December 11th. The conglomerate reported $2.25 earnings per share (EPS) for the quarter. The company had revenue of $8.95 billion for the quarter. Honeywell International had a return on equity of 38.11% and a net margin of 15.07%. 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 expect 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. Stockholders of record on Friday, November 14th will be paid a $1.19 dividend. The ex-dividend date of this dividend is Friday, November 14th. This represents a $4.76 dividend on an annualized basis and a dividend yield of 2.2%. This is a positive change from Honeywell International’s previous quarterly dividend of $1.13. Honeywell International’s dividend payout ratio (DPR) is presently 47.63%.

Insider Activity

In other news, CEO Lucian Boldea sold 42,149 shares of the business’s 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 transaction, the chief executive officer directly owned 10,334 shares of the company’s stock, valued at $2,289,807.72. The trade was a 80.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.41% of the stock is 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.