Mcdaniel Terry & Co. Trims Stake in Honeywell International Inc. $HON

Key Points

• Mcdaniel Terry & Co. reduced its stake in Honeywell International by 2.1%, owning 134,936 shares valued at approximately $31.42 million, making it the 17th largest holding in their portfolio.
• Honeywell International declared a quarterly dividend increase to $1.19 per share, set to be paid on December 5th, resulting in an annualized yield of 2.2%.
• Analysts have varied outlooks on Honeywell International, with target price changes reflecting a range from $220 to $270 and an average rating of "Moderate Buy".

Mcdaniel Terry & Co. lessened its holdings in Honeywell International Inc. (NASDAQ:HON - Free Report) by 2.1% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 134,936 shares of the conglomerate's stock after selling 2,825 shares during the period. Honeywell International accounts for approximately 2.6% of Mcdaniel Terry & Co.'s portfolio, making the stock its 17th largest holding. Mcdaniel Terry & Co.'s holdings in Honeywell International were worth $31,424,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the business. Chung Wu Investment Group LLC purchased a new stake in shares of Honeywell International during the 2nd quarter valued at $26,000. Pandora Wealth Inc. bought a new position in Honeywell International in the first quarter valued at $33,000. RMG Wealth Management LLC purchased a new stake in Honeywell International during the second quarter valued at about $33,000. Activest Wealth Management lifted its stake in Honeywell International by 425.9% during the second quarter. Activest Wealth Management now owns 142 shares of the conglomerate's stock worth $33,000 after purchasing an additional 115 shares during the last quarter. Finally, 1248 Management LLC purchased a new position in shares of Honeywell International in the 1st quarter worth about $38,000. 75.91% of the stock is currently owned by institutional investors.

Honeywell International Price Performance

HON opened at $216.14 on Friday. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.97 and a current ratio of 1.36. The stock has a market capitalization of $137.23 billion, a PE ratio of 22.78, a price-to-earnings-growth ratio of 2.70 and a beta of 1.06. The stock's 50 day moving average price is $212.04 and its 200-day moving average price is $217.42. 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 released 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 15.07% and a return on equity of 38.11%. The business 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, equities research analysts predict that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Friday, November 14th will be paid a $1.19 dividend. 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. This represents a $4.76 dividend on an annualized basis and a yield of 2.2%. Honeywell International's payout ratio is currently 51.42%.

Insider Buying and Selling

In other Honeywell International news, CEO Lucian Boldea sold 42,149 shares of Honeywell International stock in a transaction that occurred on Wednesday, August 27th. The stock was 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. The trade was a 80.31% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.20% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts recently weighed in on HON shares. TD Cowen dropped their target price on Honeywell International from $260.00 to $250.00 in a research report on Tuesday, October 7th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Honeywell International from $271.00 to $265.00 and set a "buy" rating on the stock in a research note on Friday. Morgan Stanley increased 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. Barclays boosted their price target on shares of Honeywell International from $265.00 to $270.00 and gave the stock an "overweight" rating in a research note on Friday. Finally, Wells Fargo & Company lifted their price objective on Honeywell International from $220.00 to $230.00 in a report on Friday. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $251.60.

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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