Honeywell International Inc. $HON Stake Lessened by Argonautica Private Wealth Management Inc.

Argonautica Private Wealth Management Inc. lessened its stake in Honeywell International Inc. (NASDAQ:HON) by 86.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,722 shares of the conglomerate’s stock after selling 10,817 shares during the period. Argonautica Private Wealth Management Inc.’s holdings in Honeywell International were worth $401,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Brighton Jones LLC boosted its holdings in 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 purchasing an additional 1,582 shares during the period. Flagship Harbor Advisors LLC boosted its holdings in 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 purchasing an additional 733 shares during the period. Continuum Advisory LLC boosted its holdings in Honeywell International by 22.3% in the first quarter. Continuum Advisory LLC now owns 636 shares of the conglomerate’s stock worth $135,000 after purchasing an additional 116 shares during the period. Oppenheimer Asset Management Inc. boosted its holdings in Honeywell International by 25.7% in the first quarter. Oppenheimer Asset Management Inc. now owns 34,880 shares of the conglomerate’s stock worth $7,386,000 after purchasing an additional 7,138 shares during the period. Finally, Asset Management One Co. Ltd. boosted its holdings in Honeywell International by 6.5% in the first quarter. Asset Management One Co. Ltd. now owns 361,353 shares of the conglomerate’s stock worth $76,516,000 after purchasing an additional 22,094 shares during the period. Institutional investors own 75.91% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on HON shares. TD Cowen decreased their price objective on shares of Honeywell International from $260.00 to $250.00 in a report on Tuesday, October 7th. Weiss Ratings reissued a “buy (b-)” rating on shares of Honeywell International in a report on Wednesday, October 8th. Royal Bank Of Canada reduced their price target on shares of Honeywell International from $254.00 to $253.00 and set a “sector perform” rating for the company in a report on Friday, July 25th. Jefferies Financial Group reduced their price target on shares of Honeywell International from $240.00 to $230.00 and set a “hold” rating for the company in a report on Tuesday, October 7th. Finally, Morgan Stanley boosted their price target on shares of Honeywell International from $225.00 to $245.00 and gave the company an “equal weight” rating in a report on Monday, July 28th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $251.67.

Insiders Place Their Bets

In related news, CEO Lucian Boldea sold 42,149 shares of the company’s stock in a transaction dated Wednesday, August 27th. The shares were 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 $2,289,807.72. This represents a 80.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.41% of the stock is owned by insiders.

Honeywell International Stock Performance

HON stock opened at $209.08 on Wednesday. The company has a market capitalization of $132.74 billion, a P/E ratio of 23.79, a PEG ratio of 2.56 and a beta of 1.06. The company has a 50-day simple moving average of $212.27 and a 200 day simple moving average of $217.03. Honeywell International Inc. has a fifty-two week low of $179.36 and a fifty-two week high of $242.77. 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 posted its quarterly earnings data on Monday, December 11th. The conglomerate reported $2.25 earnings per share for the quarter. The business had revenue of $8.95 billion during 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. Sell-side analysts predict that Honeywell International Inc. will post 10.34 earnings per share 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. Investors of record on Friday, November 14th will be issued a $1.19 dividend. The ex-dividend date of this dividend is Friday, November 14th. This is an increase from Honeywell International’s previous quarterly dividend of $1.13. This represents a $4.76 annualized dividend and a yield of 2.3%. Honeywell International’s dividend payout ratio is currently 51.42%.

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.