LSV Asset Management Sells 1,800 Shares of Honeywell International Inc. $HON

LSV Asset Management lessened its stake in Honeywell International Inc. (NASDAQ:HON) by 48.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,900 shares of the conglomerate’s stock after selling 1,800 shares during the quarter. LSV Asset Management’s holdings in Honeywell International were worth $442,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Honeywell International Stock Up 1.0%

Shares of HON stock opened at $190.02 on Friday. The company has a current ratio of 1.36, a quick ratio of 1.04 and a debt-to-equity ratio of 1.70. Honeywell International Inc. has a 12 month low of $169.21 and a 12 month high of $228.04. The stock has a market cap of $120.64 billion, a P/E ratio of 20.02, a P/E/G ratio of 2.73 and a beta of 1.07. The company has a 50 day simple moving average of $204.74 and a two-hundred day simple moving average of $217.32.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings data on Monday, December 11th. The conglomerate reported $2.25 EPS for the quarter. The firm had revenue of $8.95 billion during 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, research analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 14th will be paid a dividend of $1.19 per share. This represents a $4.76 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date 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 (DPR) is 50.16%.

Insiders Place Their Bets

In other Honeywell International news, CEO Lucian Boldea sold 42,149 shares of the company’s stock in a transaction that occurred on 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 directly owned 10,334 shares in the company, valued at $2,289,807.72. This represents a 80.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.20% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

HON has been the subject of several recent analyst reports. Rothschild & Co Redburn decreased their price target on Honeywell International from $240.00 to $222.00 and set a “neutral” rating for the company in a research note on Monday, October 27th. Morgan Stanley reduced their price objective on Honeywell International from $245.00 to $235.00 and set an “equal weight” rating for the company in a report on Tuesday, October 28th. Barclays boosted their target price on Honeywell International from $265.00 to $270.00 and gave the stock an “overweight” rating in a research report on Friday, October 24th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Honeywell International in a report on Wednesday. Finally, Argus decreased their price objective on shares of Honeywell International from $250.00 to $225.00 in a report on Friday, November 14th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Honeywell International has a consensus rating of “Moderate Buy” and a consensus target price of $239.38.

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.