UNIVEST FINANCIAL Corp Lowers Stake in Honeywell International Inc. $HON

UNIVEST FINANCIAL Corp reduced its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 56.6% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 5,494 shares of the conglomerate’s stock after selling 7,155 shares during the period. UNIVEST FINANCIAL Corp’s holdings in Honeywell International were worth $1,279,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of HON. Brighton Jones LLC grew its position in Honeywell International by 9.1% during the 4th quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate’s stock worth $4,302,000 after purchasing an additional 1,582 shares during the last quarter. DAVENPORT & Co LLC lifted its stake in shares of Honeywell International by 4.0% in the 1st quarter. DAVENPORT & Co LLC now owns 76,153 shares of the conglomerate’s stock worth $16,125,000 after acquiring an additional 2,925 shares during the period. Private Trust Co. NA lifted its stake in shares of Honeywell International by 9.9% in the 1st quarter. Private Trust Co. NA now owns 12,703 shares of the conglomerate’s stock worth $2,690,000 after acquiring an additional 1,142 shares during the period. Strategic Financial Concepts LLC lifted its stake in shares of Honeywell International by 13.8% in the 1st quarter. Strategic Financial Concepts LLC now owns 1,205 shares of the conglomerate’s stock worth $255,000 after acquiring an additional 146 shares during the period. Finally, Revisor Wealth Management LLC acquired a new stake in shares of Honeywell International in the 1st quarter worth $245,000. 75.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on HON. Robert W. Baird cut their target price 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. JPMorgan Chase & Co. increased their target price on Honeywell International from $212.00 to $218.00 and gave the stock a “neutral” rating in a research note on Friday, October 24th. TD Cowen cut their target price on Honeywell International from $260.00 to $250.00 in a research note on Tuesday, October 7th. Weiss Ratings reissued a “buy (b-)” rating on shares of Honeywell International in a research note on Wednesday, October 8th. Finally, Barclays increased their target price on Honeywell International from $265.00 to $270.00 and gave the stock an “overweight” rating in a research note on Friday, October 24th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $250.25.

Honeywell International Stock Down 6.0%

Shares of NASDAQ HON opened at $200.11 on Friday. The company has a quick ratio of 1.04, a current ratio of 1.36 and a debt-to-equity ratio of 1.70. Honeywell International Inc. has a 52 week low of $179.36 and a 52 week high of $242.77. The firm has a 50-day moving average price of $211.54 and a 200 day moving average price of $218.02. The stock has a market capitalization of $127.05 billion, a price-to-earnings ratio of 21.09, a price-to-earnings-growth ratio of 2.73 and a beta of 1.06.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings data on Monday, December 11th. The conglomerate reported $2.25 EPS for the quarter. Honeywell International had a net margin of 15.07% and a return on equity of 38.11%. The firm 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. Equities research analysts anticipate 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 given a dividend of $1.19 per share. The ex-dividend date is Friday, November 14th. This is an increase from Honeywell International’s previous quarterly dividend of $1.13. This represents a $4.76 dividend on an annualized basis and a yield of 2.4%. Honeywell International’s dividend payout ratio (DPR) is presently 47.63%.

Insider Transactions at Honeywell International

In other Honeywell International 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 owned 10,334 shares in the company, valued at approximately $2,289,807.72. The trade was 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 link. 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.