Stanley Laman Group Ltd. Sells 1,933 Shares of Honeywell International Inc. $HON

Key Points

• Stanley Laman Group Ltd. reduced its holdings in Honeywell International Inc. by 9.8%, selling 1,933 shares during the 2nd quarter, leaving it with 17,885 shares valued at approximately $4.17 million.
• Honeywell International announced a quarterly dividend increase to $1.19 per share, representing a yield of 2.3% with a payout ratio of 54.15%.
• Institutional investors and hedge funds own 75.91% of Honeywell's stock, indicating strong confidence among major investors.

Stanley Laman Group Ltd. reduced its holdings in Honeywell International Inc. (NASDAQ:HON - Free Report) by 9.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 17,885 shares of the conglomerate's stock after selling 1,933 shares during the quarter. Stanley Laman Group Ltd.'s holdings in Honeywell International were worth $4,165,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. BankPlus Wealth Management LLC increased its holdings in Honeywell International by 2.2% in the 2nd quarter. BankPlus Wealth Management LLC now owns 1,986 shares of the conglomerate's stock valued at $463,000 after buying an additional 43 shares during the period. Maia Wealth LLC lifted its stake in Honeywell International by 4.1% during the first quarter. Maia Wealth LLC now owns 1,189 shares of the conglomerate's stock worth $238,000 after purchasing an additional 47 shares during the period. Capital Advisors Ltd. LLC boosted its holdings in Honeywell International by 1.8% during the second quarter. Capital Advisors Ltd. LLC now owns 2,696 shares of the conglomerate's stock valued at $628,000 after purchasing an additional 47 shares in the last quarter. Bar Harbor Wealth Management grew its stake in shares of Honeywell International by 0.3% in the 2nd quarter. Bar Harbor Wealth Management now owns 15,192 shares of the conglomerate's stock valued at $3,538,000 after purchasing an additional 47 shares during the period. Finally, Kirtland Hills Capital Management LLC raised its holdings in shares of Honeywell International by 1.1% in the 1st quarter. Kirtland Hills Capital Management LLC now owns 4,424 shares of the conglomerate's stock worth $870,000 after buying an additional 48 shares in the last quarter. Institutional investors and hedge funds own 75.91% of the company's stock.

Insider Transactions at Honeywell International

In other news, CEO Lucian Boldea sold 42,149 shares of the business's stock in a transaction on 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 sale, the chief executive officer owned 10,334 shares of the company's stock, valued at $2,289,807.72. The trade was a 80.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.20% of the company's stock.

Honeywell International Stock Down 0.1%

Shares of NASDAQ:HON opened at $202.96 on Friday. The company has a 50 day moving average of $212.63 and a 200-day moving average of $216.91. Honeywell International Inc. has a one year low of $179.36 and a one year high of $242.77. The stock has a market cap of $128.86 billion, a price-to-earnings ratio of 23.09, a P/E/G ratio of 2.28 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.

Honeywell International (NASDAQ:HON - Get Free Report) last released its earnings results on Monday, December 11th. The conglomerate reported $2.25 EPS 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. On average, sell-side analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 14th will be issued a dividend of $1.19 per share. This is a boost from Honeywell International's previous quarterly dividend of $1.13. The ex-dividend date is Friday, November 14th. This represents a $4.76 dividend on an annualized basis and a yield of 2.3%. Honeywell International's dividend payout ratio is currently 54.15%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on HON shares. 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 research note on Friday, July 25th. JPMorgan Chase & Co. reduced their price target on shares of Honeywell International from $222.00 to $212.00 and set a "neutral" rating on the stock in a research report on Wednesday. Weiss Ratings reiterated a "buy (b-)" rating on shares of Honeywell International in a research note on Wednesday, October 8th. TD Cowen cut their price objective on Honeywell International from $260.00 to $250.00 in a research report on Tuesday, October 7th. Finally, Morgan Stanley raised their target price on 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 issued a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, Honeywell International presently has an average rating of "Moderate Buy" and a consensus target price 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.

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