M.E. Allison & CO. Inc. Sells 51 Shares of Honeywell International Inc. $HON

M.E. Allison & CO. Inc. lessened its holdings in Honeywell International Inc. (NASDAQ:HON) by 3.0% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,644 shares of the conglomerate’s stock after selling 51 shares during the quarter. M.E. Allison & CO. Inc.’s holdings in Honeywell International were worth $383,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of HON. Chung Wu Investment Group LLC bought a new position in Honeywell International in the 2nd quarter valued at $26,000. Pandora Wealth Inc. bought a new position in Honeywell International in the 1st quarter valued at $33,000. RMG Wealth Management LLC bought a new position in Honeywell International in the 2nd quarter valued at $33,000. 1248 Management LLC bought a new position in Honeywell International in the 1st quarter valued at $38,000. Finally, Dogwood Wealth Management LLC boosted its holdings in shares of Honeywell International by 143.9% in the second 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. Institutional investors own 75.91% of the company’s stock.

Honeywell International Stock Performance

Shares of NASDAQ HON opened at $200.91 on Monday. 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 1.29, a quick ratio of 0.97 and a debt-to-equity ratio of 1.81. The stock has a market cap of $127.56 billion, a price-to-earnings ratio of 22.86, a PEG ratio of 2.25 and a beta of 1.06. The company has a 50 day simple moving average of $214.11 and a two-hundred day simple moving average of $217.25.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings data on Monday, December 11th. The conglomerate reported $2.25 EPS for the quarter. Honeywell International had a net margin of 14.30% and a return on equity of 37.37%. The business 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. As a group, analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 14th will be given a $1.19 dividend. This represents a $4.76 dividend on an annualized basis and a dividend yield of 2.4%. This is a boost from Honeywell International’s previous quarterly dividend of $1.13. The ex-dividend date is Friday, November 14th. Honeywell International’s dividend payout ratio (DPR) is presently 51.42%.

Analyst Upgrades and Downgrades

Several research analysts have commented on HON shares. Deutsche Bank Aktiengesellschaft raised their price objective on Honeywell International from $268.00 to $271.00 and gave the stock a “buy” rating in a report on Thursday, October 2nd. Wells Fargo & Company cut their price target on Honeywell International from $230.00 to $220.00 and set an “equal weight” rating on the stock in a research note on Monday, October 6th. TD Cowen lowered their price objective on shares of 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 report on Wednesday, October 8th. Finally, Royal Bank Of Canada reduced their price target on shares of Honeywell International from $254.00 to $253.00 and set a “sector perform” rating for the company in a report on Friday, July 25th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, Honeywell International currently has a consensus rating of “Moderate Buy” and an average target price of $251.80.

Insider Buying and Selling at Honeywell International

In other news, CEO Lucian Boldea sold 42,149 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer owned 10,334 shares in the company, valued at $2,289,807.72. This trade represents a 80.31% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.41% of the stock is currently owned by insiders.

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.