Honeywell International Inc. $HON Shares Sold by OLD Point Trust & Financial Services N A

OLD Point Trust & Financial Services N A reduced its holdings in Honeywell International Inc. (NASDAQ:HON) by 7.1% during the 2nd quarter, Holdings Channel reports. The fund owned 4,720 shares of the conglomerate’s stock after selling 360 shares during the period. OLD Point Trust & Financial Services N A’s holdings in Honeywell International were worth $1,099,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the business. Forum Financial Management LP boosted its holdings in shares of Honeywell International by 7.8% in the 2nd quarter. Forum Financial Management LP now owns 5,786 shares of the conglomerate’s stock valued at $1,347,000 after acquiring an additional 418 shares during the last quarter. Ethic Inc. boosted its holdings in Honeywell International by 6.8% during the second quarter. Ethic Inc. now owns 21,727 shares of the conglomerate’s stock worth $4,972,000 after buying an additional 1,392 shares in the last quarter. Caliber Wealth Management LLC KS purchased a new stake in Honeywell International during the second quarter worth $319,000. Rehmann Capital Advisory Group boosted its holdings in Honeywell International by 9.6% during the second quarter. Rehmann Capital Advisory Group now owns 3,461 shares of the conglomerate’s stock worth $806,000 after buying an additional 304 shares in the last quarter. Finally, Members Trust Co boosted its holdings in Honeywell International by 14.6% during the second quarter. Members Trust Co now owns 4,935 shares of the conglomerate’s stock worth $1,149,000 after buying an additional 627 shares in the last quarter. 75.91% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Honeywell International 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 value of $9,339,375.42. Following the completion of the sale, the chief executive officer 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.20% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Weiss Ratings restated a “buy (b-)” rating on shares of Honeywell International in a research report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft increased 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. JPMorgan Chase & Co. decreased their price target on Honeywell International from $222.00 to $212.00 and set a “neutral” rating for the company in a research note on Wednesday, October 15th. Barclays boosted their target price on Honeywell International from $258.00 to $265.00 and gave the company an “overweight” rating in a research note on Wednesday, July 9th. Finally, TD Cowen decreased their price objective on Honeywell International from $260.00 to $250.00 in a research note on Tuesday, October 7th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $251.67.

Honeywell International Price Performance

HON opened at $206.61 on Thursday. The stock has a 50-day moving average price of $212.00 and a 200-day moving average price of $216.96. 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 capitalization of $131.18 billion, a P/E ratio of 23.51, a PEG ratio of 2.59 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 for the quarter. The company had revenue of $8.95 billion during the quarter. Honeywell International had a return on equity of 37.37% and a net margin of 14.30%. 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 predict that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Increases Dividend

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

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.