Stratos Investment Management LLC Sells 219 Shares of Honeywell International Inc. $HON

Stratos Investment Management LLC reduced its position in shares of Honeywell International Inc. (NASDAQ:HON) by 2.1% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 10,344 shares of the conglomerate’s stock after selling 219 shares during the quarter. Stratos Investment Management LLC’s holdings in Honeywell International were worth $2,409,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Brighton Jones LLC lifted its stake in Honeywell International by 9.1% in the 4th quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate’s stock valued at $4,302,000 after purchasing an additional 1,582 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in Honeywell International by 9.7% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 334,145 shares of the conglomerate’s stock valued at $70,755,000 after buying an additional 29,504 shares during the period. CWA Asset Management Group LLC lifted its position in shares of Honeywell International by 13.1% in the first quarter. CWA Asset Management Group LLC now owns 7,577 shares of the conglomerate’s stock valued at $1,604,000 after buying an additional 878 shares during the last quarter. Johnson Investment Counsel Inc. boosted its stake in shares of Honeywell International by 4.5% during the 1st quarter. Johnson Investment Counsel Inc. now owns 413,480 shares of the conglomerate’s stock worth $87,554,000 after acquiring an additional 17,969 shares during the period. Finally, Bigelow Investment Advisors LLC increased its holdings in shares of Honeywell International by 7.0% during the 1st quarter. Bigelow Investment Advisors LLC now owns 2,336 shares of the conglomerate’s stock worth $495,000 after acquiring an additional 152 shares during the last quarter. Institutional investors own 75.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on HON. Morgan Stanley raised their price target on Honeywell International from $225.00 to $245.00 and gave the company an “equal weight” rating in a report on Monday, July 28th. Barclays increased their price objective on shares of Honeywell International from $258.00 to $265.00 and gave the company an “overweight” rating in a research report on Wednesday, July 9th. JPMorgan Chase & Co. reduced their target price on shares of Honeywell International from $222.00 to $212.00 and set a “neutral” rating for the company in a report on Wednesday. Royal Bank Of Canada decreased 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 note on Friday, July 25th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Honeywell International from $268.00 to $271.00 and gave the stock a “buy” rating in a research report on Thursday, October 2nd. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $251.67.

Honeywell International Stock Performance

NASDAQ HON opened at $203.17 on Friday. The firm has a 50-day moving average price of $212.90 and a two-hundred day moving average price of $216.98. Honeywell International Inc. has a 12-month low of $179.36 and a 12-month high of $242.77. The company has a market capitalization of $128.99 billion, a P/E ratio of 23.11, a P/E/G ratio of 2.28 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.

Honeywell International (NASDAQ:HON) last announced its earnings results on Monday, December 11th. The conglomerate reported $2.25 EPS for the quarter. The company had revenue of $8.95 billion for the quarter. Honeywell International had a net margin of 14.30% and a return on equity of 37.37%. 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 earnings per share for the current year.

Honeywell International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 14th will be given a dividend of $1.19 per share. This represents a $4.76 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Friday, November 14th. This is a positive change from Honeywell International’s previous quarterly dividend of $1.13. Honeywell International’s dividend payout ratio is currently 51.42%.

Insider Activity

In related news, CEO Lucian Boldea sold 42,149 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer owned 10,334 shares in the company, valued at approximately $2,289,807.72. This trade represents a 80.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company 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.