Envestnet Portfolio Solutions Inc. Decreases Position in Honeywell International Inc. $HON

Envestnet Portfolio Solutions Inc. trimmed its holdings in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 5.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 57,470 shares of the conglomerate's stock after selling 3,521 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in Honeywell International were worth $13,384,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Chung Wu Investment Group LLC bought a new stake in Honeywell International in the second quarter valued at approximately $26,000. Pandora Wealth Inc. bought a new stake in Honeywell International during the 1st quarter valued at $33,000. RMG Wealth Management LLC bought a new stake in Honeywell International during the 2nd quarter valued at $33,000. 1248 Management LLC purchased a new stake in Honeywell International during the 1st quarter valued at $38,000. Finally, Dogwood Wealth Management LLC grew its holdings in 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 acquiring an additional 95 shares during the last quarter. Hedge funds and other institutional investors own 75.91% of the company's stock.

Insider Buying and Selling at Honeywell International

In other news, CEO Lucian Boldea sold 42,149 shares of Honeywell International 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 directly owned 10,334 shares in the company, valued at approximately $2,289,807.72. This trade represents a 80.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.41% of the company's stock.

Honeywell International Trading Up 1.0%

NASDAQ HON opened at $202.91 on Tuesday. The firm has a market capitalization of $128.83 billion, a PE ratio of 23.08, a P/E/G ratio of 2.25 and a beta of 1.06. The stock's 50 day moving average is $213.75 and its 200 day moving average is $217.20. Honeywell International Inc. has a twelve month low of $179.36 and a twelve month high of $242.77. The company has a quick ratio of 0.97, a current ratio of 1.29 and a debt-to-equity ratio of 1.81.

Honeywell International (NASDAQ:HON - Get Free Report) last announced its quarterly earnings data on Monday, December 11th. The conglomerate reported $2.25 EPS for the quarter. Honeywell International had a return on equity of 37.37% and a net margin of 14.30%.The business had revenue of $8.95 billion during the quarter. 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 forecast that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 14th will be issued a $1.19 dividend. This represents a $4.76 dividend on an annualized basis and a yield of 2.3%. This is a boost from Honeywell International's previous quarterly dividend of $1.13. The ex-dividend date is Friday, November 14th. Honeywell International's dividend payout ratio is currently 51.42%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on HON shares. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Honeywell International in a research note on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft upped their price target on Honeywell International from $268.00 to $271.00 and gave the company a "buy" rating in a research report on Thursday, October 2nd. Wells Fargo & Company cut their price objective 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. Jefferies Financial Group decreased their target price on Honeywell International from $240.00 to $230.00 and set a "hold" rating for the company in a report on Tuesday, October 7th. Finally, Morgan Stanley lifted their price target 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. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eight have issued a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $251.80.

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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