Talbot Financial LLC Has $19.35 Million Holdings in Honeywell International Inc. $HON

Talbot Financial LLC increased its position in Honeywell International Inc. (NASDAQ:HON) by 5.0% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 91,917 shares of the conglomerate’s stock after purchasing an additional 4,389 shares during the period. Honeywell International comprises about 1.6% of Talbot Financial LLC’s investment portfolio, making the stock its 21st biggest holding. Talbot Financial LLC’s holdings in Honeywell International were worth $19,349,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in HON. Chung Wu Investment Group LLC acquired a new stake in shares of Honeywell International in the second quarter worth $26,000. RMG Wealth Management LLC purchased a new stake in Honeywell International in the 2nd quarter worth about $33,000. Activest Wealth Management lifted its stake in Honeywell International by 425.9% in the 2nd quarter. Activest Wealth Management now owns 142 shares of the conglomerate’s stock worth $33,000 after acquiring an additional 115 shares in the last quarter. Howard Hughes Medical Institute acquired a new stake in Honeywell International during the 2nd quarter worth about $33,000. Finally, 1248 Management LLC purchased a new position in Honeywell International during the 1st quarter valued at about $38,000. 75.91% of the stock is owned by institutional investors and hedge funds.

Honeywell International Stock Down 0.9%

Honeywell International stock opened at $198.08 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. Honeywell International Inc. has a 1-year low of $169.21 and a 1-year high of $228.04. The firm’s fifty day simple moving average is $198.50 and its 200-day simple moving average is $213.67. The company has a market capitalization of $125.76 billion, a P/E ratio of 20.87, a P/E/G ratio of 2.67 and a beta of 0.96.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings data 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 firm had revenue of $8.95 billion during 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 fiscal year.

Honeywell International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 5th. Stockholders of record on Friday, November 14th were issued a dividend of $1.19 per share. The ex-dividend date of this dividend was Friday, November 14th. This represents a $4.76 dividend on an annualized basis and a dividend yield of 2.4%. This is a positive change from Honeywell International’s previous quarterly dividend of $1.13. Honeywell International’s payout ratio is currently 50.16%.

Analyst Ratings Changes

HON has been the subject of a number of research analyst reports. Rothschild & Co Redburn reduced their price target on shares of Honeywell International from $240.00 to $222.00 and set a “neutral” rating for the company in a research report on Monday, October 27th. HSBC dropped their price objective on shares of Honeywell International from $290.00 to $266.00 and set a “buy” rating on the stock in a research note on Tuesday, November 11th. Morgan Stanley decreased their target price on shares of Honeywell International from $245.00 to $235.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 28th. JPMorgan Chase & Co. upped their price target on shares of Honeywell International from $212.00 to $218.00 and gave the stock a “neutral” rating in a research note on Friday, October 24th. Finally, BNP Paribas Exane initiated coverage on Honeywell International in a report on Wednesday, December 3rd. They set a “neutral” rating and a $195.00 price objective for the company. Nine research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Honeywell International presently has an average rating of “Hold” and a consensus target price of $236.56.

About Honeywell International

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.