Hazlett Burt & Watson Inc. Lowers Holdings in Honeywell International Inc. $HON

Key Points

• Hazlett Burt & Watson Inc. has reduced its holdings in Honeywell International Inc. by 37%, now owning 2,728 shares valued at approximately $634,000.
• Honeywell International has announced a quarterly dividend of $1.19 per share, representing a yield of 2.4% and an increase from the previous dividend of $1.13.
• The company's stock has a market capitalization of $127.56 billion and a consensus target price of $251.80, with ratings ranging from "Strong Buy" to "Hold" from various analysts.

Hazlett Burt & Watson Inc. trimmed its holdings in Honeywell International Inc. (NASDAQ:HON - Free Report) by 37.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,728 shares of the conglomerate's stock after selling 1,602 shares during the period. Hazlett Burt & Watson Inc.'s holdings in Honeywell International were worth $634,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. BankPlus Wealth Management LLC boosted its stake in shares of Honeywell International by 2.2% in 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 during the last quarter. Maia Wealth LLC boosted its stake in shares of Honeywell International by 4.1% in 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 during the last quarter. Bar Harbor Wealth Management boosted its stake in shares of Honeywell International by 0.3% in 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 during the last quarter. Capital Advisors Ltd. LLC boosted its stake in shares of Honeywell International by 1.8% in 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 during the last quarter. Finally, Kirtland Hills Capital Management LLC boosted its stake in shares of Honeywell International by 1.1% in 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 during the last quarter. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Honeywell International Trading Down 1.6%

HON stock opened at $200.91 on Monday. 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. The stock has a market cap of $127.56 billion, a price-to-earnings ratio of 22.86, a PEG ratio of 2.25 and a beta of 1.06. The business's 50-day moving average is $214.11 and its 200 day moving average is $217.25.

Honeywell International (NASDAQ:HON - Get Free Report) last posted its quarterly earnings data on Monday, December 11th. The conglomerate reported $2.25 earnings per share (EPS) for the quarter. Honeywell International had a return on equity of 37.37% and a net margin of 14.30%.The company had revenue of $8.95 billion for 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. On average, sell-side analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current fiscal 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 issued a $1.19 dividend. This represents a $4.76 annualized dividend and a yield of 2.4%. The ex-dividend date is Friday, November 14th. This is a positive change from Honeywell International's previous quarterly dividend of $1.13. Honeywell International's payout ratio is presently 51.42%.

Insider Transactions at Honeywell International

In related news, CEO Lucian Boldea sold 42,149 shares of Honeywell International stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $221.58, for a total value of $9,339,375.42. Following the sale, the chief executive officer directly owned 10,334 shares in the company, valued at approximately $2,289,807.72. The trade was a 80.31% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.41% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on HON shares. Wells Fargo & Company lowered their target price on Honeywell International from $230.00 to $220.00 and set an "equal weight" rating on the stock in a research note on Monday, October 6th. Barclays raised their target price on Honeywell International from $258.00 to $265.00 and gave the company an "overweight" rating in a research report on Wednesday, July 9th. Morgan Stanley raised 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. Weiss Ratings restated a "buy (b-)" rating on shares of Honeywell International in a research report on Wednesday, October 8th. Finally, TD Cowen dropped their target price on Honeywell International from $260.00 to $250.00 in a research report on Tuesday, October 7th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eight have issued a Hold rating to the company's stock. According to MarketBeat.com, Honeywell International currently has a consensus rating of "Moderate Buy" and a consensus target price of $251.80.

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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