PKO Investment Management Joint Stock Co Lowers Stake in Honeywell International Inc. $HON

Key Points

• PKO Investment Management reduced its holdings in Honeywell International Inc. by 31.8% during the 2nd quarter, now owning 15,000 shares valued at approximately $3.49 million.
• Several institutional investors, including Brighton Jones LLC and Golden State Wealth Management LLC, have adjusted their stakes in Honeywell, demonstrating ongoing interest from the investment community.
• Honeywell International announced an increase in its quarterly dividend from $1.13 to $1.19 per share, reflecting a solid 2.2% dividend yield.

PKO Investment Management Joint Stock Co lessened its holdings in Honeywell International Inc. (NASDAQ:HON - Free Report) by 31.8% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,000 shares of the conglomerate's stock after selling 7,000 shares during the period. PKO Investment Management Joint Stock Co's holdings in Honeywell International were worth $3,493,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC increased its stake in Honeywell International by 9.1% in the fourth quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate's stock valued at $4,302,000 after purchasing an additional 1,582 shares during the period. Golden State Wealth Management LLC grew its stake in Honeywell International by 204.2% in the 1st quarter. Golden State Wealth Management LLC now owns 2,327 shares of the conglomerate's stock worth $493,000 after acquiring an additional 1,562 shares during the period. Creative Financial Designs Inc. ADV lifted its holdings in shares of Honeywell International by 1.3% during the 1st quarter. Creative Financial Designs Inc. ADV now owns 9,774 shares of the conglomerate's stock worth $2,070,000 after acquiring an additional 130 shares during the period. PDS Planning Inc raised its holdings in Honeywell International by 14.6% in the first quarter. PDS Planning Inc now owns 2,563 shares of the conglomerate's stock valued at $543,000 after buying an additional 326 shares during the period. Finally, CNB Bank boosted its position in Honeywell International by 4.9% during the 1st quarter. CNB Bank now owns 5,622 shares of the conglomerate's stock worth $1,190,000 after purchasing an additional 263 shares during the period. Hedge funds and other institutional investors own 75.91% of the company's stock.

Wall Street Analyst Weigh In

HON has been the topic of a number of analyst reports. Jefferies Financial Group dropped their price objective on shares of Honeywell International from $240.00 to $230.00 and set a "hold" rating on the stock in a research note on Tuesday, October 7th. Morgan Stanley boosted 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. Citigroup boosted their price target on shares of Honeywell International from $265.00 to $267.00 and gave the company a "buy" rating in a report on Friday. Deutsche Bank Aktiengesellschaft cut their price objective 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. Finally, Royal Bank Of Canada dropped their price target on shares of Honeywell International from $253.00 to $235.00 and set a "sector perform" rating on the stock in a research report on Friday. One equities research 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. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $251.60.

Insider Transactions at Honeywell International

In other Honeywell International news, CEO Lucian Boldea sold 42,149 shares of the firm's stock in a transaction dated 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 transaction, the chief executive officer 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.20% of the company's stock.

Honeywell International Trading Down 2.1%

Shares of HON stock opened at $216.14 on Friday. Honeywell International Inc. has a 12 month low of $179.36 and a 12 month high of $242.77. The company has a quick ratio of 0.97, a current ratio of 1.36 and a debt-to-equity ratio of 1.70. The business's 50 day moving average is $212.04 and its two-hundred day moving average is $217.42. The company has a market cap 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.

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 for the quarter. The company had revenue of $8.95 billion during the quarter. Honeywell International had a return on equity of 38.11% and a net margin of 15.07%. Honeywell International has set its Q4 2023 guidance at 2.530-2.630 EPS. FY 2023 guidance at 9.100-9.200 EPS. Equities analysts predict that Honeywell International Inc. will post 10.34 EPS for the current 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 given a $1.19 dividend. The ex-dividend date is Friday, November 14th. This is a positive change 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 dividend payout ratio is 51.42%.

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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