Shorepath Capital Management LLC Sells 14,733 Shares of Honeywell International Inc. $HON

Shorepath Capital Management LLC reduced its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 44.7% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 18,227 shares of the conglomerate’s stock after selling 14,733 shares during the period. Honeywell International makes up approximately 3.5% of Shorepath Capital Management LLC’s holdings, making the stock its 10th biggest holding. Shorepath Capital Management LLC’s holdings in Honeywell International were worth $4,245,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of HON. Chung Wu Investment Group LLC bought a new position in shares of Honeywell International during the 2nd quarter worth approximately $26,000. RMG Wealth Management LLC bought a new position in shares of Honeywell International during the 2nd quarter worth approximately $33,000. Activest Wealth Management grew its stake in shares of Honeywell International by 425.9% during the 2nd quarter. Activest Wealth Management now owns 142 shares of the conglomerate’s stock worth $33,000 after acquiring an additional 115 shares in the last quarter. Pandora Wealth Inc. bought a new position in shares of Honeywell International during the 1st quarter worth approximately $33,000. Finally, Dogwood Wealth Management LLC grew its stake in shares of Honeywell International by 143.9% during the 2nd quarter. Dogwood Wealth Management LLC now owns 161 shares of the conglomerate’s stock worth $39,000 after acquiring an additional 95 shares in the last quarter. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Price Performance

Shares of HON opened at $212.89 on Thursday. The company has a market cap of $135.16 billion, a price-to-earnings ratio of 22.43, a PEG ratio of 2.75 and a beta of 1.06. Honeywell International Inc. has a 1-year low of $179.36 and a 1-year high of $242.77. The company’s fifty day simple moving average is $211.89 and its 200 day simple moving average is $218.15. The company has a current ratio of 1.36, a quick ratio of 1.04 and a debt-to-equity ratio of 1.70.

Honeywell International (NASDAQ:HON) last issued its earnings results on Monday, December 11th. The conglomerate reported $2.25 earnings per share for the quarter. The business had revenue of $8.95 billion for the quarter. Honeywell International had a net margin of 15.07% and a return on equity of 38.11%. Honeywell International has set its Q4 2023 guidance at 2.530-2.630 EPS. FY 2023 guidance at 9.100-9.200 EPS. On average, research analysts forecast 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. Shareholders of record on Friday, November 14th will be given a dividend of $1.19 per share. This represents a $4.76 dividend on an annualized basis and a yield of 2.2%. This is a positive change 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 (DPR) is presently 50.16%.

Insider Buying and Selling

In other Honeywell International news, CEO Lucian Boldea sold 42,149 shares of Honeywell International stock in a transaction on 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. The trade was 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 this hyperlink. 0.20% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

HON has been the subject of several research reports. Citigroup raised their price target on shares of Honeywell International from $265.00 to $267.00 and gave the stock a “buy” rating in a research note on Friday, October 24th. JPMorgan Chase & Co. raised their price target on shares of Honeywell International from $212.00 to $218.00 and gave the stock a “neutral” rating in a research note on Friday, October 24th. Jefferies Financial Group decreased 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 note on Tuesday, October 7th. TD Cowen decreased their price target on shares of Honeywell International from $260.00 to $250.00 in a research note on Tuesday, October 7th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of Honeywell International from $271.00 to $265.00 and set a “buy” rating for the company in a research note on Friday, October 24th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $250.25.

Honeywell International 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.