Roffman Miller Associates Inc. PA Lowers Position in Honeywell International Inc. $HON

Roffman Miller Associates Inc. PA reduced its position in shares of Honeywell International Inc. (NASDAQ:HON) by 1.9% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 171,583 shares of the conglomerate’s stock after selling 3,330 shares during the period. Honeywell International makes up approximately 2.4% of Roffman Miller Associates Inc. PA’s portfolio, making the stock its 16th largest position. Roffman Miller Associates Inc. PA’s holdings in Honeywell International were worth $39,958,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Chung Wu Investment Group LLC purchased a new position in shares of Honeywell International during the 2nd quarter worth approximately $26,000. Pandora Wealth Inc. purchased a new stake in shares of Honeywell International in the first quarter valued at approximately $33,000. RMG Wealth Management LLC acquired a new position in Honeywell International during the second quarter worth $33,000. Activest Wealth Management raised its position in Honeywell International by 425.9% in the second quarter. Activest Wealth Management now owns 142 shares of the conglomerate’s stock worth $33,000 after acquiring an additional 115 shares in the last quarter. Finally, 1248 Management LLC acquired a new stake in Honeywell International in the first quarter valued at $38,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Insider Buying and Selling

In related news, CEO Lucian Boldea sold 42,149 shares of the business’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 of the company’s stock, valued at approximately $2,289,807.72. The trade was a 80.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.20% of the company’s stock.

Analyst Upgrades and Downgrades

HON has been the topic of several research analyst reports. Robert W. Baird decreased their target price on shares of Honeywell International from $250.00 to $220.00 and set a “neutral” rating on the stock in a research report on Monday, October 13th. Barclays boosted their price objective on shares of Honeywell International from $265.00 to $270.00 and gave the stock an “overweight” rating in a report on Friday, October 24th. Citigroup increased 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. Rothschild & Co Redburn decreased their price target on Honeywell International from $240.00 to $222.00 and set a “neutral” rating on the stock in a research note on Monday, October 27th. Finally, Royal Bank Of Canada raised Honeywell International from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from $235.00 to $253.00 in a research note on Monday, October 27th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $250.25.

Honeywell International Trading Down 1.8%

Shares of HON opened at $197.77 on Tuesday. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.36 and a quick ratio of 1.04. The firm has a 50 day simple moving average of $210.65 and a 200-day simple moving average of $218.35. Honeywell International Inc. has a 1-year low of $179.36 and a 1-year high of $242.77. The stock has a market cap of $125.56 billion, a price-to-earnings ratio of 20.84, a price-to-earnings-growth ratio of 2.73 and a beta of 1.06.

Honeywell International (NASDAQ:HON) last posted its earnings results on Monday, December 11th. The conglomerate reported $2.25 earnings per share (EPS) for the quarter. The firm 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. Equities analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Friday, November 14th will be paid a dividend of $1.19 per share. The ex-dividend date of this dividend is Friday, November 14th. This is an increase from Honeywell International’s previous quarterly dividend of $1.13. This represents a $4.76 dividend on an annualized basis and a dividend yield of 2.4%. Honeywell International’s dividend payout ratio is 50.16%.

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.