Envestnet Asset Management Inc. Has $196.72 Million Stock Position in Honeywell International Inc. $HON

Envestnet Asset Management Inc. lowered its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 9.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 844,719 shares of the conglomerate’s stock after selling 89,741 shares during the quarter. Envestnet Asset Management Inc. owned 0.13% of Honeywell International worth $196,718,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Red Door Wealth Management LLC raised its stake in shares of Honeywell International by 2.6% in the 1st quarter. Red Door Wealth Management LLC now owns 29,090 shares of the conglomerate’s stock valued at $6,160,000 after purchasing an additional 736 shares during the period. Amundi raised its holdings in shares of Honeywell International by 30.2% in the first quarter. Amundi now owns 519,882 shares of the conglomerate’s stock valued at $107,450,000 after purchasing an additional 120,706 shares during the last quarter. Triton Financial Group Inc acquired a new position in Honeywell International during the second quarter worth $1,001,000. Spinnaker Trust lifted its position in Honeywell International by 2.4% during the 1st quarter. Spinnaker Trust now owns 11,598 shares of the conglomerate’s stock worth $2,456,000 after buying an additional 276 shares in the last quarter. Finally, Baxter Bros Inc. raised its holdings in Honeywell International by 14.6% during the second quarter. Baxter Bros Inc. now owns 35,733 shares of the conglomerate’s stock worth $8,321,000 after acquiring an additional 4,543 shares in the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on HON. Royal Bank Of Canada raised Honeywell International from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from $235.00 to $253.00 in a research report on Monday. Barclays boosted their price objective on shares of Honeywell International from $265.00 to $270.00 and gave the stock an “overweight” rating in a research note on Friday. Rothschild & Co Redburn reduced their target price on Honeywell International from $240.00 to $222.00 and set a “neutral” rating for the company in a research note on Monday. Robert W. Baird decreased 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 note on Monday, October 13th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Honeywell International in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $250.88.

Insider Transactions at Honeywell International

In related 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 transaction 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.41% of the stock is currently owned by corporate insiders.

Honeywell International Stock Down 0.5%

Shares of HON opened at $215.07 on Tuesday. The firm has a 50 day simple moving average of $212.01 and a two-hundred day simple moving average of $217.90. 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 Inc. has a one year low of $179.36 and a one year high of $242.77. The company has a market cap of $136.55 billion, a P/E ratio of 22.66, a P/E/G ratio of 2.64 and a beta of 1.06.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings results on Monday, December 11th. The conglomerate reported $2.25 earnings per share (EPS) for the quarter. Honeywell International had a return on equity of 38.11% and a net margin of 15.07%.The company 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. 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 declared 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. This is a boost from Honeywell International’s previous quarterly dividend of $1.13. The ex-dividend date of this dividend is Friday, November 14th. This represents a $4.76 annualized dividend and a dividend yield of 2.2%. Honeywell International’s payout ratio is presently 47.63%.

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.