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

Sippican Capital Advisors trimmed its stake in Honeywell International Inc. (NASDAQ:HON) by 8.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,550 shares of the conglomerate’s stock after selling 145 shares during the quarter. Sippican Capital Advisors’ holdings in Honeywell International were worth $361,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in HON. Vanguard Group Inc. increased its holdings in Honeywell International by 0.7% in 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 during the last quarter. Wellington Management Group LLP increased 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 worth $3,335,476,000 after buying an additional 1,293,137 shares during the last quarter. Goldman Sachs Group Inc. increased 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 worth $1,278,563,000 after buying an additional 505,083 shares during the last quarter. Invesco Ltd. increased 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 worth $1,179,153,000 after buying an additional 283,193 shares during the last quarter. Finally, Nuveen LLC acquired a new position in Honeywell International in the first quarter worth approximately $1,150,929,000. 75.91% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

HON has been the topic of a number of research reports. TD Cowen dropped their price objective on Honeywell International from $260.00 to $250.00 in a report on Tuesday, October 7th. Barclays increased their price objective on Honeywell International from $258.00 to $265.00 and gave the stock 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 on the stock in a report on Tuesday, October 7th. Morgan Stanley upped their price target on Honeywell International from $225.00 to $245.00 and gave the company an “equal weight” rating in a research report on Monday, July 28th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Honeywell International from $268.00 to $271.00 and gave the company a “buy” rating in a research note on Thursday, October 2nd. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $251.80.

Honeywell International Stock Down 1.6%

HON stock opened at $200.91 on Friday. Honeywell International Inc. has a twelve month low of $179.36 and a twelve month high of $242.77. The company has a market cap of $127.56 billion, a price-to-earnings ratio of 22.86, a P/E/G ratio of 2.25 and a beta of 1.06. 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 business has a 50 day moving average price of $214.11 and a two-hundred day moving average price of $217.23.

Honeywell International (NASDAQ:HON) last released its quarterly earnings data on Monday, December 11th. The conglomerate reported $2.25 EPS for the quarter. The company had revenue of $8.95 billion during 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. Analysts anticipate 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. Stockholders of record on Friday, November 14th will be issued a $1.19 dividend. This represents a $4.76 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Friday, November 14th. This is a boost from Honeywell International’s previous quarterly dividend of $1.13. Honeywell International’s payout ratio is currently 54.15%.

Insider Activity at Honeywell International

In other news, CEO Lucian Boldea sold 42,149 shares of the stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $221.58, for a total value of $9,339,375.42. Following the completion of the sale, the chief executive officer owned 10,334 shares of the company’s stock, valued at approximately $2,289,807.72. This represents a 80.31% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.20% of the company’s stock.

Honeywell International 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.