Atria Wealth Solutions Inc. Sells 15,136 Shares of Honeywell International Inc. $HON

Atria Wealth Solutions Inc. trimmed its stake in Honeywell International Inc. (NASDAQ:HON - Free Report) by 47.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,912 shares of the conglomerate's stock after selling 15,136 shares during the period. Atria Wealth Solutions Inc.'s holdings in Honeywell International were worth $3,955,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in HON. Chung Wu Investment Group LLC bought a new position in shares of Honeywell International in the 2nd quarter worth $26,000. Pandora Wealth Inc. bought a new position in shares of Honeywell International in the 1st quarter worth $33,000. RMG Wealth Management LLC acquired a new position in Honeywell International during the 2nd quarter valued at about $33,000. 1248 Management LLC acquired a new position in Honeywell International during the 1st quarter valued at about $38,000. Finally, Dogwood Wealth Management LLC increased its position in Honeywell International by 143.9% during the 2nd quarter. Dogwood Wealth Management LLC now owns 161 shares of the conglomerate's stock valued at $39,000 after buying an additional 95 shares in the last quarter. 75.91% of the stock is owned by institutional investors.

Insider Activity at Honeywell International

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 transaction of $9,339,375.42. Following the completion of the transaction, the chief executive officer owned 10,334 shares of the company's stock, valued at $2,289,807.72. This 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 through this hyperlink. 0.41% of the stock is owned by insiders.

Analyst Ratings Changes

HON has been the topic of several recent analyst reports. Robert W. Baird reduced their target price on Honeywell International from $250.00 to $220.00 and set a "neutral" rating on the stock in a research report on Monday. Jefferies Financial Group reduced 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, October 7th. Royal Bank Of Canada reduced their target price on Honeywell International from $254.00 to $253.00 and set a "sector perform" rating on the stock in a research report on Friday, July 25th. Deutsche Bank Aktiengesellschaft upped their target price on Honeywell International from $268.00 to $271.00 and gave the company a "buy" rating in a research report on Thursday, October 2nd. Finally, Morgan Stanley upped their target price on Honeywell International from $225.00 to $245.00 and gave the company an "equal weight" rating in a research report on Monday, July 28th. One equities research 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 stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $252.00.

Honeywell International Stock Performance

Shares of HON stock opened at $208.61 on Wednesday. The company has a market capitalization of $132.45 billion, a P/E ratio of 23.73, a P/E/G ratio of 2.27 and a beta of 1.06. The business's 50 day moving average is $213.50 and its two-hundred day moving average is $217.14. The company has a current ratio of 1.29, a quick ratio of 0.97 and a debt-to-equity ratio of 1.81. Honeywell International Inc. has a 12-month low of $179.36 and a 12-month high of $242.77.

Honeywell International (NASDAQ:HON - Get Free Report) last issued its quarterly earnings results on Monday, December 11th. The conglomerate reported $2.25 earnings per share (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. Analysts expect that Honeywell International Inc. will post 10.34 EPS 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. Shareholders of record on Friday, November 14th will be issued a dividend of $1.19 per share. The ex-dividend date of this dividend is Friday, November 14th. This is an increase from Honeywell International's previous quarterly dividend of $1.13. This represents a $4.76 dividend on an annualized basis and a dividend yield of 2.3%. Honeywell International's payout ratio is currently 54.15%.

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.

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