Bath Savings Trust Co Reduces Stock Position in Honeywell International Inc. $HON

Bath Savings Trust Co lessened its holdings in Honeywell International Inc. (NASDAQ:HON) by 38.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,208 shares of the conglomerate’s stock after selling 3,910 shares during the quarter. Bath Savings Trust Co’s holdings in Honeywell International were worth $1,307,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Triton Financial Group Inc purchased a new stake in Honeywell International in the 2nd quarter worth $1,001,000. Amundi raised its holdings in Honeywell International by 30.2% in the 1st quarter. Amundi now owns 519,882 shares of the conglomerate’s stock valued at $107,450,000 after acquiring an additional 120,706 shares during the last quarter. Managed Asset Portfolios LLC lifted its position in Honeywell International by 2.3% during the second quarter. Managed Asset Portfolios LLC now owns 95,833 shares of the conglomerate’s stock worth $22,317,000 after buying an additional 2,154 shares in the last quarter. Baxter Bros Inc. raised its holdings 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 acquiring an additional 4,543 shares during the period. Finally, Integrated Wealth Concepts LLC boosted its holdings in Honeywell International by 11.4% in the 1st quarter. Integrated Wealth Concepts LLC now owns 28,502 shares of the conglomerate’s stock valued at $6,035,000 after purchasing an additional 2,915 shares during the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Stock Performance

Shares of HON 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 12-month low of $169.21 and a 12-month high of $228.04. The stock has a 50 day simple moving average of $198.50 and a 200-day simple moving average of $213.67. The company has a market cap of $125.76 billion, a price-to-earnings ratio of 20.87, a price-to-earnings-growth ratio of 2.67 and a beta of 0.96.

Honeywell International (NASDAQ:HON) last issued its 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 net margin of 15.07% and a return on equity of 38.11%. 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. On average, equities analysts forecast 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. 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 dividend yield of 2.4%. Honeywell International’s dividend payout ratio is 50.16%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on HON shares. Argus decreased their price target on Honeywell International from $250.00 to $225.00 in a research note on Friday, November 14th. Weiss Ratings restated a “hold (c)” rating on shares of Honeywell International in a research note on Monday. Royal Bank Of Canada upgraded 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. Barclays dropped their target price on Honeywell International from $270.00 to $269.00 and set an “overweight” rating on the stock in a report on Thursday, December 4th. Finally, BNP Paribas Exane assumed coverage on shares of Honeywell International in a research 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 issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $236.56.

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.