Associated Banc Corp Decreases Stake in Honeywell International Inc. $HON

Associated Banc Corp decreased its holdings in Honeywell International Inc. (NASDAQ:HON) by 5.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 32,715 shares of the conglomerate’s stock after selling 2,023 shares during the period. Associated Banc Corp’s holdings in Honeywell International were worth $7,619,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of HON. Advisors Asset Management Inc. increased its position in shares of Honeywell International by 6.3% in the second quarter. Advisors Asset Management Inc. now owns 19,146 shares of the conglomerate’s stock worth $4,459,000 after acquiring an additional 1,137 shares in the last quarter. Southeast Asset Advisors LLC purchased a new stake in Honeywell International during the 2nd quarter worth $295,000. Columbia Bank boosted its position in Honeywell International by 18.2% during the 2nd quarter. Columbia Bank now owns 1,395 shares of the conglomerate’s stock worth $335,000 after purchasing an additional 215 shares during the period. Laurel Wealth Advisors LLC increased its holdings in Honeywell International by 23,503.0% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 3,716,532 shares of the conglomerate’s stock valued at $865,506,000 after purchasing an additional 3,700,786 shares in the last quarter. Finally, RiverFront Investment Group LLC raised its position in Honeywell International by 292.7% in the second quarter. RiverFront Investment Group LLC now owns 5,738 shares of the conglomerate’s stock valued at $1,336,000 after purchasing an additional 4,277 shares during the period. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Honeywell International Stock Performance

Honeywell International stock opened at $188.66 on Tuesday. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.36 and a quick ratio of 1.04. Honeywell International Inc. has a 12 month low of $169.21 and a 12 month high of $228.04. The company has a fifty day moving average price of $204.27 and a two-hundred day moving average price of $217.21. The company has a market cap of $119.78 billion, a PE ratio of 19.88, a P/E/G ratio of 2.73 and a beta of 1.07.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings results on Monday, December 11th. The conglomerate reported $2.25 earnings per share (EPS) for the quarter. Honeywell International had a net margin of 15.07% and a return on equity of 38.11%. The company 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. Research analysts expect 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 given a $1.19 dividend. This is a positive change from Honeywell International’s previous quarterly dividend of $1.13. The ex-dividend date is Friday, November 14th. This represents a $4.76 annualized dividend and a yield of 2.5%. Honeywell International’s payout ratio is currently 50.16%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on HON. HSBC decreased their target price on Honeywell International from $290.00 to $266.00 and set a “buy” rating for the company in a research report on Tuesday, November 11th. Argus reduced their price target on Honeywell International from $250.00 to $225.00 in a research report on Friday, November 14th. Jefferies Financial Group lowered their price objective on shares of Honeywell International from $230.00 to $220.00 in a research report on Monday, November 3rd. Robert W. Baird decreased 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. Finally, Citigroup raised their price target on shares of Honeywell International from $251.56 to $267.00 and gave the company a “buy” rating in a report on Tuesday, November 4th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $239.38.

Insider Transactions at Honeywell International

In other news, CEO Lucian Boldea sold 42,149 shares of the stock in a transaction 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 owned 10,334 shares of the company’s stock, valued at approximately $2,289,807.72. This represents a 80.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 0.20% of the company’s stock.

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.