Caldwell Trust Co Purchases Shares of 25,919 Honeywell International Inc. $HON

Caldwell Trust Co acquired a new position in Honeywell International Inc. (NASDAQ:HON) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 25,919 shares of the conglomerate’s stock, valued at approximately $6,036,000.

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

Honeywell International Stock Performance

Shares of HON stock opened at $193.66 on Monday. The company has a market cap of $122.95 billion, a P/E ratio of 20.41, a PEG ratio of 2.59 and a beta of 0.96. The firm has a fifty day moving average price of $199.27 and a 200 day moving average price of $214.26. 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 12 month low of $169.21 and a 12 month high of $228.04.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings results on Monday, December 11th. The conglomerate reported $2.25 earnings per share for the quarter. The company had revenue of $8.95 billion for the quarter. Honeywell International had a return on equity of 38.11% and a net margin of 15.07%.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 predict 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. Shareholders 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 is an increase from Honeywell International’s previous quarterly dividend of $1.13. This represents a $4.76 dividend on an annualized basis and a yield of 2.5%. Honeywell International’s dividend payout ratio is 50.16%.

Analyst Upgrades and Downgrades

HON has been the topic of several recent research reports. Royal Bank Of Canada raised shares of Honeywell International from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from $235.00 to $253.00 in a research note on Monday, October 27th. Rothschild & Co Redburn dropped 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 note on Monday, October 27th. HSBC reduced their price objective on Honeywell International from $290.00 to $266.00 and set a “buy” rating on the stock in a research note on Tuesday, November 11th. Robert W. Baird decreased their target price on Honeywell International from $250.00 to $220.00 and set a “neutral” rating for the company in a report on Monday, October 13th. Finally, TD Cowen cut their price target on Honeywell International from $250.00 to $240.00 and set a “buy” rating on the stock in a report on Monday, November 10th. Seven equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $235.44.

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.