Acima Private Wealth LLC Trims Position in Honeywell International Inc. $HON

Key Points

• Acima Private Wealth LLC reduced its stake in Honeywell International Inc. by 47.9% during Q2 2023, now holding 1,610 shares valued at about $375,000.
• Honeywell announced an increase in its quarterly dividend to $1.19 per share, scheduled for payment on December 5th, resulting in a 2.4% annual dividend yield.
• Honeywell's most recent quarterly earnings showed a revenue of $8.95 billion and an EPS of $2.25, with fiscal year guidance for EPS set between 9.100 and 9.200.

Acima Private Wealth LLC lessened its holdings in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 47.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,610 shares of the conglomerate's stock after selling 1,483 shares during the quarter. Acima Private Wealth LLC's holdings in Honeywell International were worth $375,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Chung Wu Investment Group LLC purchased a new position in shares of Honeywell International during the 2nd quarter worth $26,000. Pandora Wealth Inc. purchased a new position in shares of Honeywell International during the 1st quarter worth $33,000. RMG Wealth Management LLC purchased a new position in shares of Honeywell International during the 2nd quarter worth $33,000. 1248 Management LLC purchased a new position in shares of Honeywell International during the 1st quarter worth $38,000. Finally, Dogwood Wealth Management LLC raised its position in shares of Honeywell International by 143.9% in the 2nd quarter. Dogwood Wealth Management LLC now owns 161 shares of the conglomerate's stock worth $39,000 after buying an additional 95 shares during the period. Hedge funds and other institutional investors own 75.91% of the company's stock.

Honeywell International Trading Down 1.6%

NASDAQ:HON opened at $200.91 on Friday. The business's 50-day moving average is $214.11 and its two-hundred day moving average is $217.20. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.29 and a quick ratio of 0.97. Honeywell International Inc. has a 12 month low of $179.36 and a 12 month high of $242.77. The firm has a market capitalization of $127.56 billion, a PE ratio of 22.86, a price-to-earnings-growth ratio of 2.28 and a beta of 1.06.

Honeywell International (NASDAQ:HON - Get Free Report) last released its quarterly earnings data on Monday, December 11th. The conglomerate reported $2.25 EPS for the quarter. The company had revenue of $8.95 billion for 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. Research analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Increases Dividend

The firm 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 dividend of $1.19 per share. This is a boost from Honeywell International's previous quarterly dividend of $1.13. This represents a $4.76 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Friday, November 14th. Honeywell International's payout ratio is 51.42%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on HON shares. Wells Fargo & Company cut their target price on Honeywell International from $230.00 to $220.00 and set an "equal weight" rating on the stock in a research report on Monday, October 6th. 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 research report on Monday, July 28th. Jefferies Financial Group cut their target price on Honeywell International from $240.00 to $230.00 and set a "hold" rating on the stock in a research report on Tuesday. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Honeywell International in a research report on Wednesday. Finally, TD Cowen cut their target price on Honeywell International from $260.00 to $250.00 in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $251.80.

Insider Buying and Selling at Honeywell International

In other news, CEO Lucian Boldea sold 42,149 shares of the firm's stock in a transaction dated 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 sale, the chief executive officer directly owned 10,334 shares in the company, valued at $2,289,807.72. This trade represents a 80.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.20% of the stock is owned by corporate insiders.

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.

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