Saybrook Capital NC Reduces Stake in Honeywell International Inc. $HON

Saybrook Capital NC lowered its holdings in Honeywell International Inc. (NASDAQ:HON) by 5.0% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 49,044 shares of the conglomerate’s stock after selling 2,585 shares during the quarter. Honeywell International makes up about 3.2% of Saybrook Capital NC’s investment portfolio, making the stock its 11th largest holding. Saybrook Capital NC’s holdings in Honeywell International were worth $11,421,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Chung Wu Investment Group LLC purchased a new position in shares of Honeywell International in the 2nd quarter valued at approximately $26,000. RMG Wealth Management LLC purchased a new position in shares of Honeywell International in the 2nd quarter valued at approximately $33,000. Activest Wealth Management lifted its stake in shares of 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 purchasing an additional 115 shares during the period. Pandora Wealth Inc. purchased a new position in shares of Honeywell International in the 1st quarter valued at approximately $33,000. Finally, Dogwood Wealth Management LLC lifted its stake in shares of Honeywell International by 143.9% in the 2nd quarter. Dogwood Wealth Management LLC now owns 161 shares of the conglomerate’s stock valued at $39,000 after purchasing an additional 95 shares during the period. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on HON shares. Barclays raised their target price on Honeywell International from $265.00 to $270.00 and gave the company an “overweight” rating in a research note on Friday. Citigroup raised their target price on Honeywell International from $265.00 to $267.00 and gave the company a “buy” rating in a research note on Friday. Robert W. Baird lowered their price objective on Honeywell International from $250.00 to $220.00 and set a “neutral” rating for the company in a research note on Monday, October 13th. Royal Bank Of Canada lowered their price objective on Honeywell International from $253.00 to $235.00 and set a “sector perform” rating for the company in a research note on Friday. Finally, JPMorgan Chase & Co. lifted their price objective on Honeywell International from $212.00 to $218.00 and gave the company a “neutral” rating in a research note on Friday. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $251.60.

Insider Activity at Honeywell International

In other Honeywell International news, CEO Lucian Boldea sold 42,149 shares of Honeywell International 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 sale, the chief executive officer owned 10,334 shares of the company’s stock, valued at approximately $2,289,807.72. This trade represents a 80.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.20% of the company’s stock.

Honeywell International Stock Down 2.1%

Honeywell International stock opened at $216.14 on Friday. The firm has a market cap of $137.23 billion, a price-to-earnings ratio of 22.78, a PEG ratio of 2.64 and a beta of 1.06. The stock has a fifty day simple moving average of $212.04 and a two-hundred day simple moving average of $217.66. Honeywell International Inc. has a 12 month low of $179.36 and a 12 month high of $242.77. The company has a current ratio of 1.36, a quick ratio of 0.97 and a debt-to-equity ratio of 1.70.

Honeywell International (NASDAQ:HON) last posted its earnings results on Monday, December 11th. The conglomerate reported $2.25 EPS for the quarter. The business had revenue of $8.95 billion during 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 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 dividend yield of 2.2%. The ex-dividend date of this dividend is Friday, November 14th. This is a positive change from Honeywell International’s previous quarterly dividend of $1.13. Honeywell International’s dividend payout ratio is 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.