Boston Trust Walden Corp Sells 510 Shares of Honeywell International Inc. (NASDAQ:HON)

Posted by Defense World Staff on Mar 30th, 2023

Honeywell International logo Boston Trust Walden Corp trimmed its holdings in Honeywell International Inc. (NASDAQ:HON – Get Rating) by 2.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 24,991 shares of the conglomerate’s stock after selling 510 shares during the period. Boston Trust Walden Corp’s holdings in Honeywell International were worth $5,356,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Andesa Financial Management Inc. lifted its stake in Honeywell International by 23.7% during the 3rd quarter. Andesa Financial Management Inc. now owns 2,229 shares of the conglomerate’s stock valued at $376,000 after acquiring an additional 427 shares in the last quarter. Cypress Capital Management LLC lifted its position in shares of Honeywell International by 166.1% during the third quarter. Cypress Capital Management LLC now owns 3,802 shares of the conglomerate’s stock valued at $635,000 after purchasing an additional 2,373 shares in the last quarter. Virtu Financial LLC purchased a new position in Honeywell International during the second quarter worth about $844,000. First Financial Corp IN grew its position in Honeywell International by 3.1% in the 3rd quarter. First Financial Corp IN now owns 6,443 shares of the conglomerate’s stock worth $1,076,000 after purchasing an additional 195 shares in the last quarter. Finally, Toroso Investments LLC grew its position in Honeywell International by 1.7% in the 3rd quarter. Toroso Investments LLC now owns 7,042 shares of the conglomerate’s stock worth $1,176,000 after purchasing an additional 116 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Price Performance

HON stock opened at $189.07 on Thursday. The firm has a 50 day moving average of $197.34 and a 200-day moving average of $200.03. The firm has a market capitalization of $126.33 billion, a P/E ratio of 26.01, a price-to-earnings-growth ratio of 2.34 and a beta of 1.10. Honeywell International Inc. has a 12 month low of $166.63 and a 12 month high of $220.96. The company has a current ratio of 1.25, a quick ratio of 0.98 and a debt-to-equity ratio of 0.87.

Honeywell International (NASDAQ:HON – Get Rating) last announced its quarterly earnings results on Thursday, February 2nd. The conglomerate reported $2.52 EPS for the quarter, beating the consensus estimate of $2.51 by $0.01. The firm had revenue of $9.19 billion during the quarter, compared to the consensus estimate of $9.26 billion. Honeywell International had a net margin of 14.00% and a return on equity of 32.89%. The business’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same period last year, the firm earned $2.09 EPS. As a group, sell-side analysts predict that Honeywell International Inc. will post 9.03 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 10th. Shareholders of record on Friday, February 24th were paid a $1.03 dividend. The ex-dividend date was Thursday, February 23rd. This represents a $4.12 dividend on an annualized basis and a yield of 2.18%. Honeywell International’s dividend payout ratio is currently 56.67%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on HON. Wells Fargo & Company boosted their target price on Honeywell International from $206.00 to $209.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 19th. UBS Group cut their price objective on Honeywell International from $193.00 to $185.00 and set a “sell” rating on the stock in a research report on Tuesday, February 28th. Citigroup lowered their price objective on shares of Honeywell International from $248.00 to $240.00 and set a “buy” rating on the stock in a research report on Friday, February 3rd. JPMorgan Chase & Co. lifted their price target on shares of Honeywell International from $205.00 to $215.00 and gave the stock an “overweight” rating in a report on Friday, February 3rd. Finally, HSBC increased their price objective on Honeywell International from $190.00 to $205.00 and gave the company a “hold” rating in a report on Tuesday, February 14th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the company. According to MarketBeat, Honeywell International has an average rating of “Hold” and a consensus target price of $215.13.

About Honeywell International

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Honeywell International, Inc is a software industrial company, which offers industry specific solutions to aerospace and automotive products and services. It specializes in turbochargers control, sensing and security technologies for buildings and homes, specialty chemicals, electronic and advanced materials, process technology for refining and petrochemicals, and energy efficient products and solutions for homes, business, and transportation.