California Public Employees Retirement System Sells 49,414 Shares of Honeywell International Inc. $HON

California Public Employees Retirement System trimmed its stake in Honeywell International Inc. (NASDAQ:HON) by 3.8% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,239,996 shares of the conglomerate’s stock after selling 49,414 shares during the quarter. California Public Employees Retirement System owned approximately 0.20% of Honeywell International worth $288,770,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cary Street Partners Financial LLC increased its holdings in Honeywell International by 3.4% during the second quarter. Cary Street Partners Financial LLC now owns 47,057 shares of the conglomerate’s stock worth $10,959,000 after buying an additional 1,549 shares during the last quarter. Cerity Partners LLC lifted its stake in Honeywell International by 9.1% in the second quarter. Cerity Partners LLC now owns 539,643 shares of the conglomerate’s stock valued at $125,672,000 after acquiring an additional 45,219 shares during the last quarter. ESG Planning DBA Harper Investing grew its position in shares of Honeywell International by 3.9% in the 2nd quarter. ESG Planning DBA Harper Investing now owns 3,642 shares of the conglomerate’s stock valued at $848,000 after acquiring an additional 137 shares during the period. Jump Financial LLC increased its stake in shares of Honeywell International by 5,981.6% during the 2nd quarter. Jump Financial LLC now owns 133,796 shares of the conglomerate’s stock worth $31,158,000 after purchasing an additional 131,596 shares during the last quarter. Finally, Cary Street Partners Investment Advisory LLC raised its holdings in shares of Honeywell International by 5.4% in the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 1,960 shares of the conglomerate’s stock valued at $456,000 after purchasing an additional 101 shares during the period. Institutional investors own 75.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on HON shares. BNP Paribas Exane assumed coverage on Honeywell International in a research report on Wednesday. They set a “neutral” rating and a $195.00 price target on the stock. Jefferies Financial Group reduced their target price on Honeywell International from $230.00 to $220.00 in a research note on Monday, November 3rd. Robert W. Baird dropped their price target on Honeywell International from $250.00 to $220.00 and set a “neutral” rating on the stock in a research note on Monday, October 13th. HSBC cut their price target on Honeywell International from $290.00 to $266.00 and set a “buy” rating for the company in a report on Tuesday, November 11th. Finally, Wells Fargo & Company decreased their price objective on shares of Honeywell International from $230.00 to $218.00 and set an “equal weight” rating on the stock in a report on Friday, November 14th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $236.71.

Honeywell International Stock Down 0.5%

HON stock opened at $191.33 on Friday. Honeywell International Inc. has a fifty-two week low of $169.21 and a fifty-two week high of $228.04. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.36 and a quick ratio of 1.04. The stock has a market capitalization of $121.47 billion, a price-to-earnings ratio of 20.16, a PEG ratio of 2.60 and a beta of 0.96. The business’s fifty day moving average price is $201.03 and its two-hundred day moving average price is $215.41.

Honeywell International (NASDAQ:HON) last released its quarterly earnings results on Monday, December 11th. The conglomerate reported $2.25 EPS for the quarter. Honeywell International had a net margin of 15.07% and a return on equity of 38.11%. The business had revenue of $8.95 billion for the quarter. Honeywell International has set its Q4 2023 guidance at 2.530-2.630 EPS and its FY 2023 guidance at 9.100-9.200 EPS. On average, equities analysts anticipate 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 was paid on Friday, December 5th. Shareholders of record on Friday, November 14th were issued a $1.19 dividend. The ex-dividend date of this dividend was Friday, November 14th. This represents a $4.76 annualized dividend and a yield of 2.5%. This is a boost from Honeywell International’s previous quarterly dividend of $1.13. Honeywell International’s payout ratio is presently 50.16%.

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.