RNC Capital Management LLC decreased its stake in Honeywell International Inc. (NASDAQ:HON - Free Report) by 37.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 17,144 shares of the conglomerate's stock after selling 10,324 shares during the period. RNC Capital Management LLC's holdings in Honeywell International were worth $3,993,000 as of its most recent filing with the SEC.
Several other large investors have also recently modified their holdings of HON. Nuveen LLC purchased a new position in shares of Honeywell International in the first quarter worth about $1,150,929,000. Wellington Management Group LLP increased its stake in shares of Honeywell International by 8.9% in the first quarter. Wellington Management Group LLP now owns 15,751,951 shares of the conglomerate's stock worth $3,335,476,000 after purchasing an additional 1,293,137 shares in the last quarter. Alliancebernstein L.P. grew its stake in Honeywell International by 64.6% during the first quarter. Alliancebernstein L.P. now owns 2,652,344 shares of the conglomerate's stock valued at $561,634,000 after acquiring an additional 1,041,273 shares in the last quarter. Vista Cima Wealth Management LLC purchased a new position in Honeywell International during the first quarter valued at approximately $164,000. Finally, OVERSEA CHINESE BANKING Corp Ltd grew its stake in Honeywell International by 592.0% during the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 867,665 shares of the conglomerate's stock valued at $183,728,000 after acquiring an additional 742,281 shares in the last quarter. Hedge funds and other institutional investors own 75.91% of the company's stock.
Analysts Set New Price Targets
Several equities analysts recently commented on the stock. Barclays boosted their price objective on shares of Honeywell International from $258.00 to $265.00 and gave the company an "overweight" rating in a research note on Wednesday, July 9th. Royal Bank Of Canada reduced their price objective on shares of Honeywell International from $254.00 to $253.00 and set a "sector perform" rating for the company in a research note on Friday, July 25th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Honeywell International in a research note on Wednesday, October 8th. TD Cowen reduced their price objective on shares of Honeywell International from $260.00 to $250.00 in a research note on Tuesday, October 7th. Finally, Morgan Stanley boosted their price objective on shares of Honeywell International from $225.00 to $245.00 and gave the company an "equal weight" rating in a research note on Monday, July 28th. One 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. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $251.67.
View Our Latest Stock Analysis on Honeywell International
Honeywell International Trading Down 1.2%
Shares of Honeywell International stock opened at $206.61 on Thursday. Honeywell International Inc. has a 1 year low of $179.36 and a 1 year high of $242.77. The firm has a market cap of $131.18 billion, a PE ratio of 23.51, a PEG ratio of 2.59 and a beta of 1.06. 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 company has a 50 day simple moving average of $212.00 and a two-hundred day simple moving average of $216.96.
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 for the quarter. The firm had revenue of $8.95 billion during the quarter. Honeywell International had a net margin of 14.30% and a return on equity of 37.37%. Honeywell International has set its Q4 2023 guidance at 2.530-2.630 EPS. FY 2023 guidance at 9.100-9.200 EPS. Analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal 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 issued a $1.19 dividend. This is an increase from Honeywell International's previous quarterly dividend of $1.13. This represents a $4.76 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Friday, November 14th. Honeywell International's dividend payout ratio (DPR) is presently 51.42%.
Insider Activity at Honeywell International
In other 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 transaction, the chief executive officer owned 10,334 shares in the company, valued at approximately $2,289,807.72. The trade was a 80.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.20% of the company's stock.
Honeywell International Profile
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Free Report)
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.
Further Reading
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