Baldwin Wealth Partners LLC MA Lowers Stock Position in Honeywell International Inc. $HON

Key Points

• Baldwin Wealth Partners LLC MA significantly reduced its holdings in Honeywell International Inc. by 89.9% in the second quarter, now owning only 5,665 shares valued at approximately $1.32 million.
• An array of other institutional investors have been adjusting their positions, with Brighton Jones LLC increasing holdings by 9.1%, while Simon Quick Advisors LLC raised its stake by 72.0%.
• Honeywell recently announced a dividend increase to $1.19 per share, up from $1.13, reflecting a 2.3% yield and a payout ratio of 51.42%.

Baldwin Wealth Partners LLC MA lowered its position in Honeywell International Inc. (NASDAQ:HON - Free Report) by 89.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,665 shares of the conglomerate's stock after selling 50,210 shares during the period. Baldwin Wealth Partners LLC MA's holdings in Honeywell International were worth $1,319,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in HON. Brighton Jones LLC raised its holdings in shares of Honeywell International by 9.1% in the fourth quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate's stock valued at $4,302,000 after purchasing an additional 1,582 shares during the last quarter. Wealthcare Advisory Partners LLC increased its holdings in Honeywell International by 7.0% during the first quarter. Wealthcare Advisory Partners LLC now owns 9,375 shares of the conglomerate's stock worth $1,985,000 after buying an additional 616 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in Honeywell International by 1.8% during the first quarter. Assenagon Asset Management S.A. now owns 19,698 shares of the conglomerate's stock worth $4,171,000 after buying an additional 340 shares during the last quarter. Simon Quick Advisors LLC increased its holdings in Honeywell International by 72.0% during the first quarter. Simon Quick Advisors LLC now owns 7,523 shares of the conglomerate's stock worth $1,593,000 after buying an additional 3,149 shares during the last quarter. Finally, apricus wealth LLC increased its holdings in Honeywell International by 15.8% during the first quarter. apricus wealth LLC now owns 3,652 shares of the conglomerate's stock worth $773,000 after buying an additional 497 shares during the last quarter. Hedge funds and other institutional investors own 75.91% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Barclays raised their price objective on shares of Honeywell International from $258.00 to $265.00 and gave the stock an "overweight" rating in a report on Wednesday, July 9th. TD Cowen decreased their price objective on shares of Honeywell International from $260.00 to $250.00 in a report on Tuesday. Jefferies Financial Group decreased their price objective on shares of Honeywell International from $240.00 to $230.00 and set a "hold" rating for the company in a report on Tuesday. Weiss Ratings restated a "buy (b-)" rating on shares of Honeywell International in a report on Wednesday. Finally, Morgan Stanley raised their price objective on shares of Honeywell International from $225.00 to $245.00 and gave the stock an "equal weight" rating in a report on Monday, July 28th. One investment 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, Honeywell International has an average rating of "Moderate Buy" and an average target price of $251.80.

Insider Buying and Selling

In related news, CEO Lucian Boldea sold 42,149 shares of the business's stock in a transaction that occurred on Wednesday, August 27th. The shares were 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 approximately $2,289,807.72. The trade was 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 accessible through the SEC website. Corporate insiders own 0.20% of the company's stock.

Honeywell International Trading Down 2.7%

Shares of HON stock opened at $204.23 on Friday. The company's fifty day simple moving average is $214.45 and its two-hundred day simple moving average is $217.28. 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 1 year low of $179.36 and a 1 year high of $242.77. The stock has a market capitalization of $129.67 billion, a price-to-earnings ratio of 23.23, a PEG ratio of 2.35 and a beta of 1.06.

Honeywell International (NASDAQ:HON - Get Free Report) last issued 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 during the quarter. Honeywell International had a net margin of 14.30% and a return on equity of 37.37%. Honeywell International has set its Q4 2023 guidance at 2.530-2.630 EPS. FY 2023 guidance at 9.100-9.200 EPS. As a group, analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Increases Dividend

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

About Honeywell International

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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