Honeywell International Inc. $HON Stock Holdings Lowered by Sippican Capital Advisors

Sippican Capital Advisors lowered its position in shares of Honeywell International Inc. (NASDAQ:HON) by 8.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 1,550 shares of the conglomerate’s stock after selling 145 shares during the period. Sippican Capital Advisors’ holdings in Honeywell International were worth $361,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of HON. Nuveen LLC bought a new position in shares of Honeywell International during the first quarter worth about $1,150,929,000. Wellington Management Group LLP grew its position in shares of Honeywell International by 8.9% during the first quarter. Wellington Management Group LLP now owns 15,751,951 shares of the conglomerate’s stock worth $3,335,476,000 after acquiring an additional 1,293,137 shares during the last quarter. Alliancebernstein L.P. grew its position in shares of Honeywell International by 64.6% during the first quarter. Alliancebernstein L.P. now owns 2,652,344 shares of the conglomerate’s stock worth $561,634,000 after acquiring an additional 1,041,273 shares during the last quarter. Vista Cima Wealth Management LLC bought a new position in shares of Honeywell International during the first quarter worth about $164,000. Finally, OVERSEA CHINESE BANKING Corp Ltd grew its position in shares of Honeywell International by 592.0% during the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 867,665 shares of the conglomerate’s stock worth $183,728,000 after acquiring an additional 742,281 shares during the last quarter. Institutional investors own 75.91% of the company’s stock.

Honeywell International Price Performance

NASDAQ HON opened at $200.91 on Friday. The stock’s 50-day moving average price is $214.11 and its two-hundred day moving average price is $217.23. The company has a current ratio of 1.29, a quick ratio of 0.97 and a debt-to-equity ratio of 1.81. The company has a market cap of $127.56 billion, a PE ratio of 22.86, a PEG ratio of 2.25 and a beta of 1.06. Honeywell International Inc. has a 1 year low of $179.36 and a 1 year high of $242.77.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings data 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 37.37% and a net margin of 14.30%. 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, analysts predict that Honeywell International Inc. will post 10.34 EPS for the current 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 issued a dividend of $1.19 per share. This represents a $4.76 annualized dividend and a yield of 2.4%. The ex-dividend date is Friday, November 14th. This is a boost from Honeywell International’s previous quarterly dividend of $1.13. Honeywell International’s dividend payout ratio is presently 54.15%.

Wall Street Analysts Forecast Growth

HON has been the subject of several recent research reports. Royal Bank Of Canada lowered their price target on shares of Honeywell International from $254.00 to $253.00 and set a “sector perform” rating for the company in a research report on Friday, July 25th. Wells Fargo & Company reduced their price objective on shares of Honeywell International from $230.00 to $220.00 and set an “equal weight” rating for the company in a report on Monday, October 6th. Barclays upped their price objective on shares of Honeywell International from $258.00 to $265.00 and gave the stock an “overweight” rating in a report on Wednesday, July 9th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Honeywell International in a report on Wednesday. Finally, TD Cowen reduced their price objective on shares of Honeywell International from $260.00 to $250.00 in a report on Tuesday, October 7th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, Honeywell International presently has a consensus rating of “Moderate Buy” and a consensus target price of $251.80.

Insider Transactions at Honeywell International

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 transaction of $9,339,375.42. Following the sale, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.20% 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.