First Horizon Advisors Inc. Decreases Stake in Honeywell International Inc. $HON

First Horizon Advisors Inc. lowered its holdings in 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 (SEC). The fund owned 57,166 shares of the conglomerate’s stock after selling 1,089 shares during the quarter. First Horizon Advisors Inc.’s holdings in Honeywell International were worth $13,313,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Brighton Jones LLC grew its holdings in shares of Honeywell International by 9.1% in the fourth quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate’s stock worth $4,302,000 after acquiring an additional 1,582 shares during the period. TD Private Client Wealth LLC grew its holdings in shares of Honeywell International by 13.3% in the first quarter. TD Private Client Wealth LLC now owns 17,590 shares of the conglomerate’s stock worth $3,725,000 after acquiring an additional 2,059 shares during the period. U.S. Capital Wealth Advisors LLC grew its holdings in shares of Honeywell International by 9.6% in the first quarter. U.S. Capital Wealth Advisors LLC now owns 23,288 shares of the conglomerate’s stock worth $4,931,000 after acquiring an additional 2,048 shares during the period. Crossmark Global Holdings Inc. grew its holdings in shares of Honeywell International by 4.0% in the first quarter. Crossmark Global Holdings Inc. now owns 35,612 shares of the conglomerate’s stock worth $7,541,000 after acquiring an additional 1,372 shares during the period. Finally, Interchange Capital Partners LLC grew its holdings in shares of Honeywell International by 7.5% in the first quarter. Interchange Capital Partners LLC now owns 980 shares of the conglomerate’s stock worth $208,000 after acquiring an additional 68 shares during the period. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Price Performance

Shares of Honeywell International stock opened at $196.46 on Wednesday. The stock’s 50-day simple moving average is $210.13 and its 200-day simple moving average is $218.35. Honeywell International Inc. has a 52 week low of $179.36 and a 52 week high of $242.77. The company has a market capitalization of $124.73 billion, a price-to-earnings ratio of 20.70, a PEG ratio of 2.73 and a beta of 1.07. The company has a quick ratio of 1.04, a current ratio of 1.36 and a debt-to-equity ratio of 1.70.

Honeywell International (NASDAQ:HON) last announced 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 business had revenue of $8.95 billion for 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. As a group, analysts expect 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 given a $1.19 dividend. 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%. The ex-dividend date is Friday, November 14th. Honeywell International’s dividend payout ratio (DPR) is presently 50.16%.

Analyst Ratings Changes

Several brokerages recently commented on HON. Robert W. Baird cut their price objective on Honeywell International from $250.00 to $220.00 and set a “neutral” rating for the company in a report on Monday, October 13th. JPMorgan Chase & Co. boosted their price target on Honeywell International from $212.00 to $218.00 and gave the company a “neutral” rating in a report on Friday, October 24th. Citigroup boosted their price target on Honeywell International from $251.56 to $267.00 and gave the company a “buy” rating in a report on Tuesday. Jefferies Financial Group cut their price target on Honeywell International from $230.00 to $220.00 in a report on Monday. Finally, Barclays boosted their price target on Honeywell International from $265.00 to $270.00 and gave the company an “overweight” rating in a report on Friday, October 24th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $249.63.

Insider Activity at Honeywell International

In related 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 sale, the chief executive officer directly owned 10,334 shares in the company, valued at approximately $2,289,807.72. The trade was a 80.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.41% of the company’s stock.

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.