Wealthfront Advisers LLC Has $17.41 Million Position in Honeywell International Inc. $HON

Wealthfront Advisers LLC reduced its holdings in Honeywell International Inc. (NASDAQ:HON) by 7.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 74,737 shares of the conglomerate’s stock after selling 6,452 shares during the quarter. Wealthfront Advisers LLC’s holdings in Honeywell International were worth $17,405,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Red Door Wealth Management LLC grew its position in shares of Honeywell International by 2.6% in the first quarter. Red Door Wealth Management LLC now owns 29,090 shares of the conglomerate’s stock valued at $6,160,000 after purchasing an additional 736 shares during the last quarter. Amundi grew its position in shares of Honeywell International by 30.2% in the first quarter. Amundi now owns 519,882 shares of the conglomerate’s stock valued at $107,450,000 after purchasing an additional 120,706 shares during the last quarter. Triton Financial Group Inc acquired a new stake in Honeywell International during the second quarter worth about $1,001,000. Spinnaker Trust increased its stake in Honeywell International by 2.4% during the first quarter. Spinnaker Trust now owns 11,598 shares of the conglomerate’s stock valued at $2,456,000 after acquiring an additional 276 shares during the period. Finally, Baxter Bros Inc. raised its holdings in Honeywell International by 14.6% in the 2nd quarter. Baxter Bros Inc. now owns 35,733 shares of the conglomerate’s stock valued at $8,321,000 after acquiring an additional 4,543 shares in the last quarter. 75.91% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

HON has been the subject of a number of research reports. TD Cowen reduced their price objective on Honeywell International from $260.00 to $250.00 in a research report on Tuesday, October 7th. JPMorgan Chase & Co. raised their price objective on Honeywell International from $212.00 to $218.00 and gave the stock a “neutral” rating in a research report on Friday. Weiss Ratings reiterated a “buy (b-)” rating on shares of Honeywell International in a research report on Saturday. Citigroup raised their price objective on Honeywell International from $265.00 to $267.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Royal Bank Of Canada reduced their price objective on Honeywell International from $253.00 to $235.00 and set a “sector perform” rating for the company in a research report on Friday. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $251.60.

Honeywell International Stock Down 2.1%

NASDAQ HON opened at $216.14 on Monday. The company has a current ratio of 1.36, a quick ratio of 1.04 and a debt-to-equity ratio of 1.70. The stock’s 50 day moving average is $212.04 and its two-hundred day moving average is $217.79. The company has a market capitalization of $137.23 billion, a price-to-earnings ratio of 22.78, a PEG ratio of 2.64 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.

Honeywell International (NASDAQ:HON) last released its quarterly earnings data on Monday, December 11th. The conglomerate reported $2.25 earnings per share for the quarter. The company had revenue of $8.95 billion for the quarter. Honeywell International had a return on equity of 38.11% and a net margin of 15.07%. Honeywell International has set its Q4 2023 guidance at 2.530-2.630 EPS. FY 2023 guidance at 9.100-9.200 EPS. Equities analysts forecast 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. Stockholders of record on Friday, November 14th will be paid a $1.19 dividend. This represents a $4.76 dividend on an annualized basis and a dividend yield of 2.2%. This is an increase 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 presently 50.16%.

Insider Activity at Honeywell International

In other news, CEO Lucian Boldea sold 42,149 shares of the business’s stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $221.58, for a total value of $9,339,375.42. Following 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.20% of the stock is 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.