WBH Advisory Inc. Sells 263 Shares of Honeywell International Inc. $HON

WBH Advisory Inc. lowered its position in Honeywell International Inc. (NASDAQ:HON) by 3.9% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,440 shares of the conglomerate’s stock after selling 263 shares during the period. WBH Advisory Inc.’s holdings in Honeywell International were worth $1,500,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in HON. Brighton Jones LLC increased its holdings 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 in the last quarter. Advisor Resource Council bought a new position in Honeywell International during the 1st quarter worth about $695,000. Garde Capital Inc. bought a new position in Honeywell International during the 1st quarter worth about $42,000. Intact Investment Management Inc. increased its holdings in Honeywell International by 115.1% during the 1st quarter. Intact Investment Management Inc. now owns 31,400 shares of the conglomerate’s stock worth $6,649,000 after purchasing an additional 16,800 shares in the last quarter. Finally, Running Oak Capital LLC increased its holdings in Honeywell International by 13.9% during the 1st quarter. Running Oak Capital LLC now owns 71,273 shares of the conglomerate’s stock worth $15,092,000 after purchasing an additional 8,719 shares in the last quarter. Institutional investors own 75.91% of the company’s stock.

Insider Transactions at Honeywell International

In related news, CEO Lucian Boldea sold 42,149 shares of the firm’s stock in a transaction dated Wednesday, August 27th. The shares were 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 directly owned 10,334 shares in the company, valued at approximately $2,289,807.72. This trade represents a 80.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.41% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on HON shares. TD Cowen lowered their target price on Honeywell International from $260.00 to $250.00 in a report on Tuesday, October 7th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Honeywell International in a report on Wednesday, October 8th. Morgan Stanley increased their target price on Honeywell International from $225.00 to $245.00 and gave the stock an “equal weight” rating in a report on Monday, July 28th. JPMorgan Chase & Co. lowered their target price on Honeywell International from $222.00 to $212.00 and set a “neutral” rating for the company in a report on Wednesday, October 15th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Honeywell International from $268.00 to $271.00 and gave the stock a “buy” rating in a research note on Thursday, October 2nd. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $251.67.

Honeywell International Trading Down 0.1%

Honeywell International stock opened at $202.96 on Monday. The firm has a 50-day moving average of $212.63 and a 200-day moving average of $216.98. Honeywell International Inc. has a one year low of $179.36 and a one year high of $242.77. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.29 and a quick ratio of 0.97. The company has a market cap of $128.86 billion, a price-to-earnings ratio of 23.09, a P/E/G ratio of 2.52 and a beta of 1.06.

Honeywell International (NASDAQ:HON) last issued its earnings results on Monday, December 11th. The conglomerate reported $2.25 earnings per share (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 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. On average, equities analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Friday, November 14th will be paid a $1.19 dividend. This is an increase from Honeywell International’s previous quarterly dividend of $1.13. The ex-dividend date is Friday, November 14th. This represents a $4.76 annualized dividend and a yield of 2.3%. Honeywell International’s dividend payout ratio (DPR) is 51.42%.

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.