Modera Wealth Management LLC Reduces Stake in Honeywell International Inc. $HON

Modera Wealth Management LLC cut its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 6.0% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,832 shares of the conglomerate’s stock after selling 690 shares during the period. Modera Wealth Management LLC’s holdings in Honeywell International were worth $2,523,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Chung Wu Investment Group LLC purchased a new stake in shares of Honeywell International in the 2nd quarter worth about $26,000. Pandora Wealth Inc. purchased a new position in shares of Honeywell International during the first quarter valued at about $33,000. RMG Wealth Management LLC bought a new position in Honeywell International in the second quarter worth about $33,000. Activest Wealth Management lifted its holdings 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 buying an additional 115 shares during the period. Finally, 1248 Management LLC bought a new stake in Honeywell International during the 1st quarter valued at approximately $38,000. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft decreased their target price on Honeywell International from $271.00 to $265.00 and set a “buy” rating for the company in a research report on Friday, October 24th. Royal Bank Of Canada upgraded Honeywell International from a “sector perform” rating to an “outperform” rating and increased their price objective for the stock from $235.00 to $253.00 in a report on Monday, October 27th. Jefferies Financial Group dropped their target price on shares of Honeywell International from $230.00 to $220.00 in a report on Monday, November 3rd. Robert W. Baird lowered their price target on shares of Honeywell International from $250.00 to $220.00 and set a “neutral” rating for the company in a research report on Monday, October 13th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Honeywell International from $212.00 to $218.00 and gave the stock a “neutral” rating in a report on Friday, October 24th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $249.63.

Insider Buying and Selling

In other Honeywell International 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 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.41% of the company’s stock.

Honeywell International Stock Performance

Shares of Honeywell International stock opened at $194.07 on Friday. The stock has a market cap of $123.21 billion, a price-to-earnings ratio of 20.45, a PEG ratio of 2.73 and a beta of 1.07. The firm’s 50-day moving average is $208.63 and its 200 day moving average is $218.04. Honeywell International Inc. has a 1 year low of $179.36 and a 1 year high of $242.77. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.36 and a quick ratio of 1.04.

Honeywell International (NASDAQ:HON) last released its quarterly earnings data on Monday, December 11th. The conglomerate reported $2.25 earnings per share 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 anticipate that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 14th will be issued a $1.19 dividend. This represents a $4.76 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Friday, November 14th. This is a positive change from Honeywell International’s previous quarterly dividend of $1.13. Honeywell International’s dividend payout ratio is 50.16%.

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.