Field & Main Bank Sells 95 Shares of Honeywell International Inc. $HON

Field & Main Bank lowered its position in Honeywell International Inc. (NASDAQ:HON) by 0.6% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 15,115 shares of the conglomerate’s stock after selling 95 shares during the period. Honeywell International accounts for about 1.1% of Field & Main Bank’s investment portfolio, making the stock its 24th largest holding. Field & Main Bank’s holdings in Honeywell International were worth $3,520,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Brighton Jones LLC lifted its stake in shares of Honeywell International by 9.1% in the fourth quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate’s stock worth $4,302,000 after buying an additional 1,582 shares in the last quarter. Sovran Advisors LLC bought a new stake in shares of Honeywell International during the 1st quarter valued at $208,000. Koshinski Asset Management Inc. raised its stake in shares of Honeywell International by 1.7% in the first quarter. Koshinski Asset Management Inc. now owns 5,798 shares of the conglomerate’s stock worth $1,228,000 after buying an additional 98 shares during the period. Clear Creek Financial Management LLC bought a new position in Honeywell International in the 1st quarter worth $913,000. Finally, DAVENPORT & Co LLC lifted its holdings in shares of Honeywell International by 4.0% in the first quarter. DAVENPORT & Co LLC now owns 76,153 shares of the conglomerate’s stock worth $16,125,000 after buying an additional 2,925 shares in the last quarter. Institutional investors own 75.91% of the company’s stock.

Honeywell International Stock Down 0.7%

Shares of NASDAQ:HON opened at $212.89 on Thursday. The company has a current ratio of 1.36, a quick ratio of 1.04 and a debt-to-equity ratio of 1.70. The firm has a 50 day simple moving average of $211.89 and a 200-day simple moving average of $218.15. The company has a market capitalization of $135.16 billion, a PE ratio of 22.43, a P/E/G ratio of 2.75 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.

Honeywell International (NASDAQ:HON) last announced its earnings results on Monday, December 11th. The conglomerate reported $2.25 EPS for the quarter. Honeywell International had a net margin of 15.07% and a return on equity of 38.11%. 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. On average, equities analysts predict 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. Stockholders of record on Friday, November 14th will be issued a $1.19 dividend. The ex-dividend date is Friday, November 14th. This represents a $4.76 dividend on an annualized basis and a dividend yield of 2.2%. This is a boost from Honeywell International’s previous quarterly dividend of $1.13. Honeywell International’s payout ratio is 50.16%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on HON shares. Deutsche Bank Aktiengesellschaft cut their price target on shares of Honeywell International from $271.00 to $265.00 and set a “buy” rating on the stock in a report on Friday, October 24th. Royal Bank Of Canada upgraded shares of Honeywell International from a “sector perform” rating to an “outperform” rating and increased their price target for the stock from $235.00 to $253.00 in a report on Monday. Rothschild & Co Redburn dropped their target price on Honeywell International from $240.00 to $222.00 and set a “neutral” rating on the stock in a research report on Monday. Robert W. Baird decreased their price objective on Honeywell International from $250.00 to $220.00 and set a “neutral” rating on the stock in a report on Monday, October 13th. Finally, Morgan Stanley dropped their price target on shares of Honeywell International from $245.00 to $235.00 and set an “equal weight” rating for the company in a research note on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $250.25.

Insider Activity at Honeywell International

In other news, CEO Lucian Boldea sold 42,149 shares of the business’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 sale, the chief executive officer owned 10,334 shares of the company’s stock, valued at $2,289,807.72. The trade was a 80.31% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.20% of the stock is owned by company insiders.

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.