Honeywell International Inc. $HON Shares Sold by Shikiar Asset Management Inc.

Key Points

• Shikiar Asset Management Inc. has decreased its stake in Honeywell International by 21.2%, now holding 37,808 shares valued at approximately $8.8 million.
• Honeywell International's quarterly dividend has been increased to $1.19, resulting in an annual yield of 2.3%, with the dividend payout ratio at 51.42%.
• Shares of Honeywell International have recently seen a decline, opening at $204.23, with a 52-week range between $179.36 and $242.77.

Shikiar Asset Management Inc. reduced its stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 21.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,808 shares of the conglomerate's stock after selling 10,160 shares during the period. Honeywell International accounts for about 2.4% of Shikiar Asset Management Inc.'s holdings, making the stock its 9th biggest position. Shikiar Asset Management Inc.'s holdings in Honeywell International were worth $8,805,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of HON. Brighton Jones LLC raised its holdings in Honeywell International by 9.1% in the 4th quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate's stock valued at $4,302,000 after acquiring an additional 1,582 shares during the last quarter. Wealthcare Advisory Partners LLC raised its holdings in Honeywell International by 7.0% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 9,375 shares of the conglomerate's stock valued at $1,985,000 after acquiring an additional 616 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in Honeywell International by 1.8% in the 1st quarter. Assenagon Asset Management S.A. now owns 19,698 shares of the conglomerate's stock valued at $4,171,000 after acquiring an additional 340 shares during the last quarter. Simon Quick Advisors LLC raised its holdings in Honeywell International by 72.0% in the 1st quarter. Simon Quick Advisors LLC now owns 7,523 shares of the conglomerate's stock valued at $1,593,000 after acquiring an additional 3,149 shares during the last quarter. Finally, apricus wealth LLC raised its holdings in Honeywell International by 15.8% in the 1st quarter. apricus wealth LLC now owns 3,652 shares of the conglomerate's stock valued at $773,000 after acquiring an additional 497 shares during the last quarter. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Stock Down 2.7%

Shares of Honeywell International stock opened at $204.23 on Friday. The company has a fifty day moving average price of $214.45 and a 200 day moving average price of $217.28. 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 twelve month low of $179.36 and a twelve month high of $242.77. The stock has a market cap of $129.67 billion, a price-to-earnings ratio of 23.23, a price-to-earnings-growth ratio of 2.35 and a beta of 1.06.

Honeywell International (NASDAQ:HON - Get Free Report) last announced its quarterly earnings results on Monday, December 11th. The conglomerate reported $2.25 earnings per share for the quarter. Honeywell International had a net margin of 14.30% and a return on equity of 37.37%. The firm 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. Equities research analysts forecast that Honeywell International Inc. will post 10.34 earnings per share 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. Shareholders of record on Friday, November 14th will be given a $1.19 dividend. This represents a $4.76 dividend on an annualized basis and a yield of 2.3%. 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. Honeywell International's dividend payout ratio is currently 51.42%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on HON shares. TD Cowen cut their price target on Honeywell International from $260.00 to $250.00 in a report on Tuesday. Royal Bank Of Canada dropped their price objective on Honeywell International from $254.00 to $253.00 and set a "sector perform" rating for the company in a report on Friday, July 25th. Barclays upped their price objective on Honeywell International from $258.00 to $265.00 and gave the stock an "overweight" rating in a report on Wednesday, July 9th. Jefferies Financial Group dropped their price objective on Honeywell International from $240.00 to $230.00 and set a "hold" rating for the company in a report on Tuesday. Finally, Morgan Stanley upped their price objective on Honeywell International from $225.00 to $245.00 and gave the stock an "equal weight" rating in a report on Monday, July 28th. One 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 company's stock. Based on data from MarketBeat, Honeywell International currently has a consensus rating of "Moderate Buy" and a consensus target price of $251.80.

Insiders Place Their Bets

In other Honeywell International news, CEO Lucian Boldea sold 42,149 shares of the company's stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $221.58, for a total value of $9,339,375.42. Following the completion of the transaction, the chief executive officer directly owned 10,334 shares of the company's stock, valued at $2,289,807.72. This represents a 80.31% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.20% of the stock is currently owned by insiders.

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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