Honeywell International Inc. $HON Shares Sold by Prentice Wealth Management LLC

Prentice Wealth Management LLC reduced its position in Honeywell International Inc. (NASDAQ:HON) by 2.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,292 shares of the conglomerate’s stock after selling 64 shares during the quarter. Prentice Wealth Management LLC’s holdings in Honeywell International were worth $534,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of HON. Brighton Jones LLC boosted 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 valued at $4,302,000 after acquiring an additional 1,582 shares during the period. Continuum Advisory LLC boosted its holdings in shares of Honeywell International by 22.3% in the first quarter. Continuum Advisory LLC now owns 636 shares of the conglomerate’s stock valued at $135,000 after acquiring an additional 116 shares during the period. Consolidated Portfolio Review Corp acquired a new stake in shares of Honeywell International in the first quarter valued at approximately $247,000. Golden State Wealth Management LLC boosted its holdings in shares of Honeywell International by 204.2% in the first quarter. Golden State Wealth Management LLC now owns 2,327 shares of the conglomerate’s stock valued at $493,000 after acquiring an additional 1,562 shares during the period. Finally, Omnia Family Wealth LLC boosted its holdings in shares of Honeywell International by 26.6% in the first quarter. Omnia Family Wealth LLC now owns 1,289 shares of the conglomerate’s stock valued at $273,000 after acquiring an additional 271 shares during the period. 75.91% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Honeywell International

In other 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 completion of the transaction, the chief executive officer owned 10,334 shares in the company, valued at $2,289,807.72. This trade represents a 80.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.20% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts recently weighed in on HON shares. Jefferies Financial Group decreased their price target on Honeywell International from $240.00 to $230.00 and set a “hold” rating for the company in a report on Tuesday, October 7th. Morgan Stanley increased their price target on Honeywell International from $225.00 to $245.00 and gave the stock an “equal weight” rating in a report on Monday, July 28th. Robert W. Baird decreased their price target on Honeywell International from $250.00 to $220.00 and set a “neutral” rating for the company in a report on Monday, October 13th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Honeywell International in a report on Wednesday, October 8th. Finally, Royal Bank Of Canada decreased their price target on Honeywell International from $254.00 to $253.00 and set a “sector perform” rating for the company in a report on Friday, July 25th. 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 company’s stock. According to MarketBeat, Honeywell International has a consensus rating of “Moderate Buy” and an average target price of $251.67.

Honeywell International Price Performance

Honeywell International stock opened at $220.67 on Friday. Honeywell International Inc. has a one year low of $179.36 and a one year high of $242.77. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.97 and a current ratio of 1.29. The business has a fifty day moving average of $212.05 and a two-hundred day moving average of $217.19. The company has a market cap of $140.10 billion, a P/E ratio of 25.10, a price-to-earnings-growth ratio of 2.56 and a beta of 1.06.

Honeywell International (NASDAQ:HON) last released its earnings results on Monday, December 11th. The conglomerate reported $2.25 EPS for the quarter. Honeywell International had a return on equity of 37.37% and a net margin of 14.30%.The company had revenue of $8.95 billion during 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. As a group, analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 14th will be issued a $1.19 dividend. This represents a $4.76 dividend on an annualized basis and a yield of 2.2%. This is an increase from Honeywell International’s previous quarterly dividend of $1.13. The ex-dividend date of this dividend 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.