Honeywell International Inc. $HON Shares Sold by Wendell David Associates Inc.

Wendell David Associates Inc. cut its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 4.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 14,019 shares of the conglomerate’s stock after selling 606 shares during the quarter. Wendell David Associates Inc.’s holdings in Honeywell International were worth $3,265,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. grew its position in shares of Honeywell International by 0.7% during the first quarter. Vanguard Group Inc. now owns 62,209,455 shares of the conglomerate’s stock worth $13,172,852,000 after buying an additional 447,744 shares in the last quarter. Wellington Management Group LLP boosted its holdings in Honeywell International by 8.9% in the first quarter. Wellington Management Group LLP now owns 15,751,951 shares of the conglomerate’s stock valued at $3,335,476,000 after purchasing an additional 1,293,137 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in Honeywell International by 9.1% in the first quarter. Goldman Sachs Group Inc. now owns 6,038,080 shares of the conglomerate’s stock valued at $1,278,563,000 after purchasing an additional 505,083 shares in the last quarter. Invesco Ltd. boosted its holdings in Honeywell International by 5.4% in the first quarter. Invesco Ltd. now owns 5,568,610 shares of the conglomerate’s stock valued at $1,179,153,000 after purchasing an additional 283,193 shares in the last quarter. Finally, Nuveen LLC acquired a new position in Honeywell International in the first quarter valued at approximately $1,150,929,000. 75.91% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Honeywell International

In other news, CEO Lucian Boldea sold 42,149 shares of the company’s stock in a transaction that occurred on 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 completion of the sale, the chief executive officer 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 Securities & Exchange Commission, which is available through this link. 0.20% of the stock is owned by company insiders.

Honeywell International Price Performance

HON stock opened at $202.96 on Friday. The company has a market capitalization of $128.86 billion, a P/E ratio of 23.09, a PEG ratio of 2.28 and a beta of 1.06. Honeywell International Inc. has a twelve month low of $179.36 and a twelve month high of $242.77. The business has a 50 day simple moving average of $212.63 and a 200-day simple moving average of $216.91. The company has a current ratio of 1.29, a quick ratio of 0.97 and a debt-to-equity ratio of 1.81.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings data on Monday, December 11th. The conglomerate reported $2.25 earnings per share for the quarter. Honeywell International had a return on equity of 37.37% and a net margin of 14.30%.The business had revenue of $8.95 billion during 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, equities analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 14th will be paid a dividend of $1.19 per share. This represents a $4.76 annualized dividend and a dividend yield of 2.3%. 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 51.42%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on HON. Barclays upped their price target on Honeywell International from $258.00 to $265.00 and gave the company an “overweight” rating in a report on Wednesday, July 9th. Jefferies Financial Group lowered their price target on Honeywell International from $240.00 to $230.00 and set a “hold” rating for the company in a report on Tuesday, October 7th. Royal Bank Of Canada lowered their price target on Honeywell International from $254.00 to $253.00 and set a “sector perform” rating for the company in a report on Friday, July 25th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Honeywell International in a report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. reduced their price objective on Honeywell International from $222.00 to $212.00 and set a “neutral” rating for the company in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $251.67.

About Honeywell International

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.