Mutual of America Capital Management LLC Sells 1,915 Shares of Honeywell International Inc. $HON

Key Points

• Mutual of America Capital Management LLC reduced its holdings in Honeywell International Inc. by 2.5%, selling 1,915 shares and now owning 73,594 shares valued at approximately $17.14 million.
• Honeywell is set to pay a quarterly dividend of $1.19 per share, which is an increase from the previous dividend of $1.13, resulting in an annualized yield of 2.3%.
• Analysts have adjusted their price targets for Honeywell International, with estimates ranging from $220.00 to $260.00, indicating a consensus rating of "Moderate Buy."

Mutual of America Capital Management LLC lowered its stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 2.5% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 73,594 shares of the conglomerate's stock after selling 1,915 shares during the quarter. Mutual of America Capital Management LLC's holdings in Honeywell International were worth $17,139,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Novare Capital Management LLC lifted its stake in shares of Honeywell International by 1.0% in the second quarter. Novare Capital Management LLC now owns 58,409 shares of the conglomerate's stock worth $13,602,000 after buying an additional 568 shares during the last quarter. CapWealth Advisors LLC raised its holdings in Honeywell International by 2.1% in the 2nd quarter. CapWealth Advisors LLC now owns 63,360 shares of the conglomerate's stock worth $14,755,000 after acquiring an additional 1,275 shares during the period. Spirit of America Management Corp NY lifted its position in Honeywell International by 2.3% during the 2nd quarter. Spirit of America Management Corp NY now owns 8,850 shares of the conglomerate's stock worth $2,061,000 after acquiring an additional 200 shares during the last quarter. Cottonwood Capital Advisors LLC bought a new stake in Honeywell International during the second quarter valued at about $216,000. Finally, Koshinski Asset Management Inc. grew its position in shares of Honeywell International by 11.3% in the second quarter. Koshinski Asset Management Inc. now owns 6,453 shares of the conglomerate's stock valued at $1,503,000 after purchasing an additional 655 shares during the last quarter. Institutional investors own 75.91% of the company's stock.

Honeywell International Stock Down 0.1%

Shares of HON stock opened at $202.96 on Friday. Honeywell International Inc. has a one year low of $179.36 and a one year high of $242.77. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.29 and a quick ratio of 0.97. The stock has a fifty day moving average price of $212.63 and a 200 day moving average price of $216.91. The stock has a market cap of $128.86 billion, a P/E ratio of 23.09, a price-to-earnings-growth ratio of 2.28 and a beta of 1.06.

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

Honeywell International Increases Dividend

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

Insider Activity

In other news, CEO Lucian Boldea sold 42,149 shares of the stock in a transaction that occurred on 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 completion of the transaction, 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 position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.20% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. TD Cowen cut their price objective on Honeywell International from $260.00 to $250.00 in a research report on Tuesday, October 7th. Jefferies Financial Group cut their price target on Honeywell International from $240.00 to $230.00 and set a "hold" rating for the company in a report on Tuesday, October 7th. Weiss Ratings restated a "buy (b-)" rating on shares of Honeywell International in a research note on Wednesday, October 8th. Royal Bank Of Canada dropped their target price on shares of Honeywell International from $254.00 to $253.00 and set a "sector perform" rating on the stock in a research report on Friday, July 25th. Finally, Robert W. Baird cut their target price on shares of Honeywell International from $250.00 to $220.00 and set a "neutral" rating for the company in a research note on Monday, October 13th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eight have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Honeywell International currently has a consensus rating of "Moderate Buy" and a consensus price target of $251.67.

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.

Want to see what other hedge funds are holding HON? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Honeywell International Inc. (NASDAQ:HON - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.