GS Investments Inc. Sells 340 Shares of Honeywell International Inc. $HON

GS Investments Inc. decreased its holdings in Honeywell International Inc. (NASDAQ:HON) by 3.2% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,354 shares of the conglomerate’s stock after selling 340 shares during the period. GS Investments Inc.’s holdings in Honeywell International were worth $2,411,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Chung Wu Investment Group LLC bought a new position in shares of Honeywell International during the second quarter valued at about $26,000. Pandora Wealth Inc. purchased a new stake in Honeywell International during the 1st quarter valued at about $33,000. RMG Wealth Management LLC bought a new position in Honeywell International during the 2nd quarter worth approximately $33,000. Activest Wealth Management grew its position in 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 during the last quarter. Finally, 1248 Management LLC purchased a new position in Honeywell International in the 1st quarter worth approximately $38,000. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on HON. Citigroup increased their price objective on Honeywell International from $251.56 to $267.00 and gave the company a “buy” rating in a research note on Tuesday, November 4th. JPMorgan Chase & Co. boosted their price target on Honeywell International from $212.00 to $218.00 and gave the company a “neutral” rating in a report on Friday, October 24th. TD Cowen lowered their price target on Honeywell International from $260.00 to $250.00 in a research report on Tuesday, October 7th. Royal Bank Of Canada upgraded Honeywell International from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from $235.00 to $253.00 in a research report on Monday, October 27th. Finally, Morgan Stanley reduced their target price on Honeywell International from $245.00 to $235.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 28th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, Honeywell International presently has an average rating of “Moderate Buy” and a consensus target price of $249.63.

Honeywell International Stock Performance

Shares of HON opened at $194.07 on Friday. The company has a 50-day simple moving average of $208.63 and a two-hundred day simple moving average of $218.18. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.36 and a quick ratio of 1.04. The firm has a market capitalization of $123.21 billion, a PE ratio of 20.45, a price-to-earnings-growth ratio of 2.73 and a beta of 1.07. Honeywell International Inc. has a one year low of $179.36 and a one year high of $242.77.

Honeywell International (NASDAQ:HON) last posted its earnings results on Monday, December 11th. The conglomerate reported $2.25 earnings per share for the quarter. Honeywell International had a return on equity of 38.11% and a net margin of 15.07%.The firm had revenue of $8.95 billion for 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. On average, analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Increases Dividend

The company also recently disclosed 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 yield of 2.5%. This is a positive change from Honeywell International’s previous quarterly dividend of $1.13. The ex-dividend date is Friday, November 14th. Honeywell International’s dividend payout ratio is currently 50.16%.

Insider Buying and Selling

In other Honeywell International news, CEO Lucian Boldea sold 42,149 shares of the firm’s stock in a transaction on Wednesday, August 27th. The stock was 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 of the company’s stock, 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 filing with the SEC, which can be accessed through this link. Corporate insiders own 0.20% of the company’s stock.

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.