Honeywell International Inc. $HON Stock Position Cut by Carrera Capital Advisors

Carrera Capital Advisors lessened its stake in Honeywell International Inc. (NASDAQ:HON) by 88.9% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,962 shares of the conglomerate’s stock after selling 15,663 shares during the period. Carrera Capital Advisors’ holdings in Honeywell International were worth $457,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Chung Wu Investment Group LLC acquired a new stake in Honeywell International in the 2nd quarter valued at about $26,000. Pandora Wealth Inc. acquired a new stake in Honeywell International in the 1st quarter valued at about $33,000. RMG Wealth Management LLC acquired a new stake in Honeywell International in the 2nd quarter valued at about $33,000. Activest Wealth Management lifted its holdings in Honeywell International by 425.9% in the 2nd quarter. Activest Wealth Management now owns 142 shares of the conglomerate’s stock valued at $33,000 after acquiring an additional 115 shares during the last quarter. Finally, 1248 Management LLC acquired a new stake in Honeywell International in the 1st quarter valued at about $38,000. Institutional investors own 75.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on HON shares. Morgan Stanley upped 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. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Honeywell International from $271.00 to $265.00 and set a “buy” rating for the company in a report on Friday. Robert W. Baird decreased their target price on shares of Honeywell International from $250.00 to $220.00 and set a “neutral” rating for the company in a report on Monday, October 13th. Royal Bank Of Canada decreased their target price on shares of Honeywell International from $253.00 to $235.00 and set a “sector perform” rating for the company in a report on Friday. Finally, 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 research report on Tuesday, October 7th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $251.60.

Honeywell International Trading Down 2.1%

Shares of HON stock opened at $216.14 on Friday. Honeywell International Inc. has a 12 month low of $179.36 and a 12 month high of $242.77. The company has a quick ratio of 0.97, a current ratio of 1.36 and a debt-to-equity ratio of 1.70. The business’s 50 day moving average is $212.04 and its two-hundred day moving average is $217.42. The company has a market cap of $137.23 billion, a PE ratio of 22.78, a price-to-earnings-growth ratio of 2.70 and a beta of 1.06.

Honeywell International (NASDAQ:HON) last announced its quarterly 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 return on equity of 38.11% and a net margin of 15.07%. Honeywell International has set its Q4 2023 guidance at 2.530-2.630 EPS. FY 2023 guidance at 9.100-9.200 EPS. Equities analysts predict that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 14th will be paid a $1.19 dividend. The ex-dividend date is Friday, November 14th. This is a positive change from Honeywell International’s previous quarterly dividend of $1.13. This represents a $4.76 annualized dividend and a dividend yield of 2.2%. Honeywell International’s dividend payout ratio is 51.42%.

Insider Activity

In other news, CEO Lucian Boldea sold 42,149 shares of the firm’s stock in a transaction on 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 sale, 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 legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.20% of the company’s stock.

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.