Honeywell International Inc. $HON Stock Holdings Lowered by Moser Wealth Advisors LLC

Moser Wealth Advisors LLC reduced its holdings in Honeywell International Inc. (NASDAQ:HON) by 17.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,866 shares of the conglomerate’s stock after selling 625 shares during the quarter. Moser Wealth Advisors LLC’s holdings in Honeywell International were worth $667,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in HON. Red Door Wealth Management LLC raised its holdings in shares of Honeywell International by 2.6% during the first quarter. Red Door Wealth Management LLC now owns 29,090 shares of the conglomerate’s stock valued at $6,160,000 after acquiring an additional 736 shares during the period. Amundi raised its holdings in shares of Honeywell International by 30.2% during the first quarter. Amundi now owns 519,882 shares of the conglomerate’s stock valued at $107,450,000 after acquiring an additional 120,706 shares during the period. Spinnaker Trust raised its holdings in shares of Honeywell International by 2.4% during the first quarter. Spinnaker Trust now owns 11,598 shares of the conglomerate’s stock valued at $2,456,000 after acquiring an additional 276 shares during the period. Triton Financial Group Inc acquired a new stake in shares of Honeywell International during the second quarter valued at approximately $1,001,000. Finally, Baxter Bros Inc. raised its holdings in shares of Honeywell International by 14.6% during the second quarter. Baxter Bros Inc. now owns 35,733 shares of the conglomerate’s stock valued at $8,321,000 after acquiring an additional 4,543 shares during the period. 75.91% of the stock is currently owned by institutional investors.

Insider Transactions at Honeywell International

In related news, CEO Lucian Boldea sold 42,149 shares of Honeywell International stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $221.58, for a total transaction of $9,339,375.42. Following the completion of the transaction, 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 position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.20% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

HON has been the topic of a number of recent analyst reports. Robert W. Baird cut their price target on shares of Honeywell International from $250.00 to $220.00 and set a “neutral” rating on the stock in a report on Monday, October 13th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Honeywell International from $268.00 to $271.00 and gave the stock a “buy” rating in a research note on Thursday, October 2nd. Wells Fargo & Company dropped their price target on shares of Honeywell International from $230.00 to $220.00 and set an “equal weight” rating on the stock in a research note on Monday, October 6th. Barclays upped their price objective on shares of Honeywell International from $258.00 to $265.00 and gave the stock an “overweight” rating in a report on Wednesday, July 9th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Honeywell International from $222.00 to $212.00 and set a “neutral” rating for the company in a report on Wednesday, October 15th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Honeywell International currently has an average rating of “Moderate Buy” and an average target price of $251.67.

Honeywell International Price Performance

Shares of Honeywell International stock opened at $220.67 on Friday. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.29 and a quick ratio of 0.97. Honeywell International Inc. has a fifty-two week low of $179.36 and a fifty-two week high of $242.77. The firm has a fifty day moving average price of $212.05 and a two-hundred day moving average price of $217.19. The company has a market cap of $140.10 billion, a PE 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 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 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 expect that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Increases Dividend

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