Bryn Mawr Trust Advisors LLC Sells 2,377 Shares of Honeywell International Inc. $HON

Bryn Mawr Trust Advisors LLC reduced its position in Honeywell International Inc. (NASDAQ:HON) by 13.8% in the second quarter, HoldingsChannel.com reports. The firm owned 14,795 shares of the conglomerate’s stock after selling 2,377 shares during the period. Bryn Mawr Trust Advisors LLC’s holdings in Honeywell International were worth $3,445,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of HON. Chung Wu Investment Group LLC purchased a new stake in Honeywell International in the 2nd quarter worth $26,000. Pandora Wealth Inc. purchased a new position in shares of Honeywell International in the first quarter valued at about $33,000. RMG Wealth Management LLC bought a new position in shares of Honeywell International in the second quarter worth about $33,000. Activest Wealth Management grew its position in shares of Honeywell International by 425.9% during the second quarter. Activest Wealth Management now owns 142 shares of the conglomerate’s stock worth $33,000 after purchasing an additional 115 shares in the last quarter. Finally, 1248 Management LLC bought a new stake in Honeywell International during the 1st quarter valued at approximately $38,000. 75.91% of the stock is currently owned by institutional investors.

Honeywell International Price Performance

Honeywell International stock opened at $195.91 on Friday. Honeywell International Inc. has a 52-week low of $179.36 and a 52-week high of $242.77. The company has a quick ratio of 1.04, a current ratio of 1.36 and a debt-to-equity ratio of 1.70. The firm’s fifty day moving average is $209.14 and its 200 day moving average is $218.05. The company has a market cap of $124.38 billion, a price-to-earnings ratio of 20.64, a PEG ratio of 2.73 and a beta of 1.07.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings data on Monday, December 11th. The conglomerate reported $2.25 EPS for the quarter. The business 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. Sell-side 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. 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 2.4%. This is a boost from Honeywell International’s previous quarterly dividend of $1.13. The ex-dividend date is Friday, November 14th. Honeywell International’s dividend payout ratio (DPR) is currently 50.16%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Weiss Ratings restated a “buy (b-)” rating on shares of Honeywell International in a research note on Wednesday, October 8th. Rothschild & Co Redburn lowered their target price on shares of Honeywell International from $240.00 to $222.00 and set a “neutral” rating on the stock in a report on Monday, October 27th. Morgan Stanley dropped their target price on shares of Honeywell International from $245.00 to $235.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 28th. TD Cowen reduced their price target on shares of Honeywell International from $260.00 to $250.00 in a report on Tuesday, October 7th. Finally, Barclays boosted their price target on shares of Honeywell International from $265.00 to $270.00 and gave the stock an “overweight” rating in a research note on Friday, October 24th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $249.63.

Insider Activity

In other news, CEO Lucian Boldea sold 42,149 shares of Honeywell International stock in a transaction that occurred on 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 transaction, the chief executive officer owned 10,334 shares in the company, 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 Securities & Exchange Commission, which can be accessed through the SEC website. 0.41% of the stock is owned by insiders.

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.