Chesley Taft & Associates LLC Has $19.13 Million Position in Honeywell International Inc. $HON

Chesley Taft & Associates LLC lessened its holdings in Honeywell International Inc. (NASDAQ:HON) by 8.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 90,870 shares of the conglomerate’s stock after selling 8,827 shares during the period. Chesley Taft & Associates LLC’s holdings in Honeywell International were worth $19,128,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in HON. Brighton Jones LLC boosted its stake in shares of Honeywell International by 9.1% in the 4th quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate’s stock valued at $4,302,000 after purchasing an additional 1,582 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S boosted its position in Honeywell International by 79.1% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 47,195 shares of the conglomerate’s stock valued at $9,994,000 after buying an additional 20,846 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. boosted its position in Honeywell International by 4.2% in the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 17,466 shares of the conglomerate’s stock valued at $3,704,000 after buying an additional 707 shares in the last quarter. EntryPoint Capital LLC grew its stake in Honeywell International by 48.0% during the first quarter. EntryPoint Capital LLC now owns 1,627 shares of the conglomerate’s stock worth $345,000 after buying an additional 528 shares during the last quarter. Finally, Capital Analysts LLC increased its holdings in shares of Honeywell International by 0.7% during the first quarter. Capital Analysts LLC now owns 14,563 shares of the conglomerate’s stock worth $3,083,000 after buying an additional 104 shares in the last quarter. 75.91% of the stock is owned by institutional investors and hedge funds.

Honeywell International Stock Up 0.8%

Shares of NASDAQ HON opened at $199.89 on Thursday. Honeywell International Inc. has a 1 year low of $169.21 and a 1 year high of $228.04. The firm’s 50-day moving average is $198.62 and its 200-day moving average is $213.78. 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 market capitalization of $126.91 billion, a PE ratio of 21.06, a price-to-earnings-growth ratio of 2.65 and a beta of 0.96.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings data on Monday, December 11th. The conglomerate reported $2.25 earnings per share 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. Equities analysts expect that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Increases Dividend

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

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on HON shares. BNP Paribas raised Honeywell International to a “hold” rating in a report on Wednesday, December 3rd. Robert W. Baird decreased their target price on Honeywell International from $250.00 to $220.00 and set a “neutral” rating on the stock in a report on Monday, October 13th. Weiss Ratings restated a “hold (c)” rating on shares of Honeywell International in a research note on Monday. Wells Fargo & Company reduced their price target on shares of Honeywell International from $230.00 to $218.00 and set an “equal weight” rating on the stock in a research report on Friday, November 14th. Finally, Citigroup increased their price objective 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. 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. According to MarketBeat, Honeywell International has a consensus rating of “Hold” and an average 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.