Honeywell International Inc. $HON Position Reduced by Estabrook Capital Management

Estabrook Capital Management decreased its position in shares of Honeywell International Inc. (NASDAQ:HON) by 2.9% during the second quarter, Holdings Channel.com reports. The firm owned 71,375 shares of the conglomerate’s stock after selling 2,138 shares during the period. Honeywell International comprises 2.6% of Estabrook Capital Management’s investment portfolio, making the stock its 6th biggest holding. Estabrook Capital Management’s holdings in Honeywell International were worth $16,622,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in HON. Triton Financial Group Inc acquired a new stake in shares of Honeywell International during the 2nd quarter valued at about $1,001,000. Amundi grew its holdings in Honeywell International by 30.2% in the first quarter. Amundi now owns 519,882 shares of the conglomerate’s stock valued at $107,450,000 after purchasing an additional 120,706 shares during the period. Managed Asset Portfolios LLC increased its position in shares of Honeywell International by 2.3% in the second quarter. Managed Asset Portfolios LLC now owns 95,833 shares of the conglomerate’s stock valued at $22,317,000 after buying an additional 2,154 shares in the last quarter. Baxter Bros Inc. raised its stake in shares of Honeywell International by 14.6% during the 2nd quarter. Baxter Bros Inc. now owns 35,733 shares of the conglomerate’s stock worth $8,321,000 after buying an additional 4,543 shares during the period. Finally, Integrated Wealth Concepts LLC lifted its position in shares of Honeywell International by 11.4% during the 1st quarter. Integrated Wealth Concepts LLC now owns 28,502 shares of the conglomerate’s stock valued at $6,035,000 after buying an additional 2,915 shares in the last quarter. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Stock Up 0.9%

HON stock opened at $191.67 on Friday. The company has a current ratio of 1.36, a quick ratio of 1.04 and a debt-to-equity ratio of 1.70. The firm has a 50-day moving average of $202.68 and a two-hundred day moving average of $216.47. Honeywell International Inc. has a 12 month low of $169.21 and a 12 month high of $228.04. The company has a market cap of $121.69 billion, a price-to-earnings ratio of 20.20, a PEG 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 return on equity of 38.11% and a net margin of 15.07%.The business had revenue of $8.95 billion during 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. As a group, analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 14th will be issued a dividend of $1.19 per share. The ex-dividend date is Friday, November 14th. This represents a $4.76 annualized dividend and a dividend 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%.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Citigroup boosted their price target on shares of Honeywell International from $251.56 to $267.00 and gave the stock a “buy” rating in a report on Tuesday, November 4th. Royal Bank Of Canada raised shares of Honeywell International from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from $235.00 to $253.00 in a research note on Monday, October 27th. Robert W. Baird decreased their price target on shares of Honeywell International from $250.00 to $220.00 and set a “neutral” rating on the stock in a research note on Monday, October 13th. JPMorgan Chase & Co. boosted their price objective on Honeywell International from $212.00 to $218.00 and gave the stock a “neutral” rating in a research note on Friday, October 24th. Finally, Morgan Stanley reduced their target price on Honeywell International from $245.00 to $235.00 and set an “equal weight” rating for the company in a report on Tuesday, October 28th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $239.38.

Honeywell International 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.