Signature Estate & Investment Advisors LLC Sells 120 Shares of Honeywell International Inc. $HON

Signature Estate & Investment Advisors LLC cut its holdings in Honeywell International Inc. (NASDAQ:HON) by 3.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,948 shares of the conglomerate’s stock after selling 120 shares during the quarter. Signature Estate & Investment Advisors LLC’s holdings in Honeywell International were worth $687,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of HON. Brighton Jones LLC boosted its stake in Honeywell International by 9.1% in the fourth quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate’s stock valued at $4,302,000 after acquiring an additional 1,582 shares during the last quarter. Flagship Harbor Advisors LLC boosted its stake in Honeywell International by 8.3% in the first quarter. Flagship Harbor Advisors LLC now owns 9,535 shares of the conglomerate’s stock valued at $2,019,000 after acquiring an additional 733 shares during the last quarter. Palumbo Wealth Management LLC boosted its stake in Honeywell International by 1.8% in the first quarter. Palumbo Wealth Management LLC now owns 3,053 shares of the conglomerate’s stock valued at $646,000 after acquiring an additional 54 shares during the last quarter. Spinnaker Investment Group LLC boosted its stake in Honeywell International by 3.2% in the first quarter. Spinnaker Investment Group LLC now owns 3,204 shares of the conglomerate’s stock valued at $678,000 after acquiring an additional 100 shares during the last quarter. Finally, Brown Lisle Cummings Inc. boosted its stake in Honeywell International by 4.8% in the first quarter. Brown Lisle Cummings Inc. now owns 14,885 shares of the conglomerate’s stock valued at $3,152,000 after acquiring an additional 680 shares during the last quarter. 75.91% of the stock is owned by institutional investors.

Honeywell International Trading Up 1.5%

Shares of NASDAQ:HON opened at $206.03 on Tuesday. Honeywell International Inc. has a 12 month low of $179.36 and a 12 month high of $242.77. The company has a quick ratio of 0.97, a current ratio of 1.29 and a debt-to-equity ratio of 1.81. The company’s fifty day simple moving average is $212.43 and its 200 day simple moving average is $217.09. The firm has a market cap of $130.81 billion, a price-to-earnings ratio of 23.44, a PEG ratio of 2.52 and a beta of 1.06.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings data on Monday, December 11th. The conglomerate reported $2.25 EPS for the quarter. Honeywell International had a net margin of 14.30% and a return on equity of 37.37%. The business had revenue of $8.95 billion for 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, research 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. Investors of record on Friday, November 14th will be issued a dividend of $1.19 per share. The ex-dividend date is Friday, November 14th. This is a positive change from Honeywell International’s previous quarterly dividend of $1.13. This represents a $4.76 dividend on an annualized basis and a dividend yield of 2.3%. Honeywell International’s dividend payout ratio (DPR) is 54.15%.

Insider Activity at Honeywell International

In related news, CEO Lucian Boldea sold 42,149 shares of the firm’s stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $221.58, for a total transaction of $9,339,375.42. Following the sale, the chief executive officer directly owned 10,334 shares in the company, valued at $2,289,807.72. This trade represents a 80.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.20% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on HON. Wells Fargo & Company reduced their price objective on shares of Honeywell International from $230.00 to $220.00 and set an “equal weight” rating on the stock in a research note on Monday, October 6th. Robert W. Baird reduced their price target on shares of Honeywell International from $250.00 to $220.00 and set a “neutral” rating on the stock in a research report on Monday, October 13th. Royal Bank Of Canada reduced their price target on shares of Honeywell International from $254.00 to $253.00 and set a “sector perform” rating on the stock in a research report on Friday, July 25th. TD Cowen reduced their price target on shares of Honeywell International from $260.00 to $250.00 in a research report on Tuesday, October 7th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Honeywell International in a research report on Wednesday, October 8th. One investment 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 company. Based on data from MarketBeat.com, Honeywell International has an average rating of “Moderate Buy” and an average target price of $251.67.

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.