Securian Asset Management Inc. Has $7.83 Million Stake in Honeywell International Inc. $HON

Securian Asset Management Inc. reduced its holdings in Honeywell International Inc. (NASDAQ:HON) by 2.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 33,601 shares of the conglomerate’s stock after selling 859 shares during the quarter. Securian Asset Management Inc.’s holdings in Honeywell International were worth $7,825,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of HON. Brighton Jones LLC increased its holdings 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 acquiring an additional 1,582 shares in the last quarter. Flagship Harbor Advisors LLC increased its holdings in shares of Honeywell International by 8.3% in the first quarter. Flagship Harbor Advisors LLC now owns 9,535 shares of the conglomerate’s stock worth $2,019,000 after acquiring an additional 733 shares in the last quarter. Palumbo Wealth Management LLC increased its holdings in shares of Honeywell International by 1.8% in the first quarter. Palumbo Wealth Management LLC now owns 3,053 shares of the conglomerate’s stock worth $646,000 after acquiring an additional 54 shares in the last quarter. Spinnaker Investment Group LLC increased its holdings in shares of Honeywell International by 3.2% in the first quarter. Spinnaker Investment Group LLC now owns 3,204 shares of the conglomerate’s stock worth $678,000 after acquiring an additional 100 shares in the last quarter. Finally, Brown Lisle Cummings Inc. increased its holdings in shares of Honeywell International by 4.8% in the first quarter. Brown Lisle Cummings Inc. now owns 14,885 shares of the conglomerate’s stock worth $3,152,000 after acquiring an additional 680 shares in the last quarter. 75.91% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Lucian Boldea sold 42,149 shares of the firm’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 value of $9,339,375.42. Following the completion of the sale, the chief executive officer directly owned 10,334 shares of the company’s stock, valued at $2,289,807.72. This trade represents a 80.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.20% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on HON. Wells Fargo & Company decreased their price objective on Honeywell International from $230.00 to $220.00 and set an “equal weight” rating for the company in a report on Monday, October 6th. Deutsche Bank Aktiengesellschaft increased their price objective on Honeywell International from $268.00 to $271.00 and gave the stock a “buy” rating in a report on Thursday, October 2nd. Jefferies Financial Group decreased their price objective on Honeywell International from $240.00 to $230.00 and set a “hold” rating for the company in a report on Tuesday, October 7th. Robert W. Baird decreased their price objective on Honeywell International from $250.00 to $220.00 and set a “neutral” rating for the company in a report on Monday, October 13th. Finally, 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. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $251.67.

Honeywell International Stock Up 1.5%

HON stock opened at $206.03 on Tuesday. 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 $212.43 and a two-hundred day moving average price of $217.09. The company has a market cap of $130.81 billion, a price-to-earnings ratio of 23.44, a P/E/G ratio of 2.52 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 posted its quarterly earnings results on Monday, December 11th. The conglomerate reported $2.25 earnings per share for the quarter. The firm 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 declared a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 14th will be paid a $1.19 dividend. 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 yield of 2.3%. The ex-dividend date is Friday, November 14th. Honeywell International’s dividend payout ratio is 54.15%.

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.