Carrera Capital Advisors Sells 15,663 Shares of Honeywell International Inc. $HON

Key Points

• Carrera Capital Advisors significantly reduced its stake in Honeywell International Inc. by 88.9%, selling 15,663 shares and retaining only 1,962 shares valued at $457,000.
• Recent analyst reports indicate varying target price adjustments for Honeywell's stock, with Deutsche Bank lowering it from $271 to $265, while JPMorgan increased theirs from $212 to $218.
• Honeywell announced an increase in its quarterly dividend to $1.19 per share, representing an annualized dividend yield of 2.2%, set to be paid in December 2023.

Carrera Capital Advisors reduced its stake in Honeywell International Inc. (NASDAQ:HON - Free Report) by 88.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,962 shares of the conglomerate's stock after selling 15,663 shares during the quarter. Carrera Capital Advisors' holdings in Honeywell International were worth $457,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. BankPlus Wealth Management LLC grew its holdings in shares of Honeywell International by 2.2% during the second quarter. BankPlus Wealth Management LLC now owns 1,986 shares of the conglomerate's stock worth $463,000 after buying an additional 43 shares in the last quarter. Maia Wealth LLC grew its holdings in shares of Honeywell International by 4.1% during the first quarter. Maia Wealth LLC now owns 1,189 shares of the conglomerate's stock worth $238,000 after buying an additional 47 shares in the last quarter. Bar Harbor Wealth Management grew its holdings in shares of Honeywell International by 0.3% during the second quarter. Bar Harbor Wealth Management now owns 15,192 shares of the conglomerate's stock worth $3,538,000 after buying an additional 47 shares in the last quarter. Capital Advisors Ltd. LLC grew its holdings in shares of Honeywell International by 1.8% during the second quarter. Capital Advisors Ltd. LLC now owns 2,696 shares of the conglomerate's stock worth $628,000 after buying an additional 47 shares in the last quarter. Finally, Kirtland Hills Capital Management LLC grew its holdings in shares of Honeywell International by 1.1% during the first quarter. Kirtland Hills Capital Management LLC now owns 4,424 shares of the conglomerate's stock worth $870,000 after buying an additional 48 shares in the last quarter. 75.91% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on HON shares. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Honeywell International from $271.00 to $265.00 and set a "buy" rating for the company in a report on Friday. JPMorgan Chase & Co. boosted their target price on shares of Honeywell International from $212.00 to $218.00 and gave the company a "neutral" rating in a report on Friday. Jefferies Financial Group lowered their target price on shares of Honeywell International from $240.00 to $230.00 and set a "hold" rating for the company in a report on Tuesday, October 7th. Morgan Stanley boosted their target price on shares of Honeywell International from $225.00 to $245.00 and gave the company an "equal weight" rating in a report on Monday, July 28th. Finally, Citigroup boosted their target price on shares of Honeywell International from $265.00 to $267.00 and gave the company a "buy" rating in a report on Friday. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, Honeywell International presently has a consensus rating of "Moderate Buy" and a consensus price target of $251.60.

Honeywell International Trading Down 2.1%

NASDAQ HON opened at $216.14 on Friday. The stock has a market cap of $137.23 billion, a P/E ratio of 22.78, a PEG ratio of 2.70 and a beta of 1.06. The company's fifty day simple moving average is $212.04 and its 200-day simple moving average is $217.42. The company has a current ratio of 1.36, a quick ratio of 0.97 and a debt-to-equity ratio of 1.70. Honeywell International Inc. has a 52 week low of $179.36 and a 52 week high of $242.77.

Honeywell International (NASDAQ:HON - Get Free Report) last posted its quarterly earnings results on Monday, December 11th. The conglomerate reported $2.25 earnings per share (EPS) for the quarter. The firm had revenue of $8.95 billion for the quarter. Honeywell International had a net margin of 15.07% and a return on equity of 38.11%. Honeywell International has set its Q4 2023 guidance at 2.530-2.630 EPS. FY 2023 guidance at 9.100-9.200 EPS. Equities research analysts predict that Honeywell International Inc. will post 10.34 EPS 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. Shareholders of record on Friday, November 14th will be issued a dividend of $1.19 per share. This represents a $4.76 dividend on an annualized basis and a dividend yield of 2.2%. This is a positive change from Honeywell International's previous quarterly dividend of $1.13. The ex-dividend date of this dividend is Friday, November 14th. Honeywell International's dividend payout ratio is currently 51.42%.

Insider Buying and Selling at Honeywell International

In other Honeywell International news, CEO Lucian Boldea sold 42,149 shares of the stock in a transaction 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 sale, the chief executive officer directly owned 10,334 shares of the company's stock, valued at approximately $2,289,807.72. This represents a 80.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.20% of the company's stock.

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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