4,698 Shares in Honeywell International Inc. $HON Acquired by Montecito Bank & Trust

Montecito Bank & Trust bought a new stake in shares of Honeywell International Inc. (NASDAQ:HON) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 4,698 shares of the conglomerate’s stock, valued at approximately $989,000.

Several other hedge funds have also made changes to their positions in the company. Laurel Wealth Advisors LLC raised its holdings in shares of Honeywell International by 23,503.0% in the second quarter. Laurel Wealth Advisors LLC now owns 3,716,532 shares of the conglomerate’s stock valued at $865,506,000 after acquiring an additional 3,700,786 shares in the last quarter. Alliancebernstein L.P. increased its position in Honeywell International by 64.6% during the 1st quarter. Alliancebernstein L.P. now owns 2,652,344 shares of the conglomerate’s stock valued at $561,634,000 after purchasing an additional 1,041,273 shares during the period. Vista Cima Wealth Management LLC bought a new stake in shares of Honeywell International in the 1st quarter valued at about $164,000. Kingstone Capital Partners Texas LLC purchased a new stake in shares of Honeywell International in the 2nd quarter worth approximately $140,816,000. Finally, Bank of Nova Scotia boosted its stake in shares of Honeywell International by 171.8% during the second quarter. Bank of Nova Scotia now owns 806,053 shares of the conglomerate’s stock valued at $187,713,000 after purchasing an additional 509,456 shares in the last quarter. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on HON. Rothschild & Co Redburn reduced their price objective on shares of Honeywell International from $240.00 to $222.00 and set a “neutral” rating for the company in a research note on Monday, October 27th. HSBC reduced their price target 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. Jefferies Financial Group cut their target price on Honeywell International from $230.00 to $220.00 in a research note on Monday, November 3rd. Citigroup increased their price target on shares of Honeywell International from $251.56 to $267.00 and gave the company a “buy” rating in a research report on Tuesday, November 4th. Finally, TD Cowen lowered their price target on shares of Honeywell International from $250.00 to $240.00 and set a “buy” rating on the stock in a report on Monday, November 10th. Nine investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Honeywell International currently has an average rating of “Hold” and a consensus price target of $236.56.

Honeywell International Stock Down 0.9%

HON stock opened at $198.08 on Friday. The stock has a market capitalization of $125.76 billion, a PE ratio of 20.87, a price-to-earnings-growth ratio of 2.67 and a beta of 0.96. Honeywell International Inc. has a 52 week low of $169.21 and a 52 week high of $228.04. The company has a quick ratio of 1.04, a current ratio of 1.36 and a debt-to-equity ratio of 1.70. The firm has a 50 day moving average of $198.50 and a 200 day moving average of $213.67.

Honeywell International (NASDAQ:HON) last issued 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 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. 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 declared a quarterly dividend, which was paid on Friday, December 5th. Shareholders of record on Friday, November 14th were paid a dividend of $1.19 per share. This represents a $4.76 annualized dividend and a yield of 2.4%. The ex-dividend date was Friday, November 14th. This is a boost from Honeywell International’s previous quarterly dividend of $1.13. Honeywell International’s dividend payout ratio (DPR) 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.