Honeywell International Inc. $HON Shares Purchased by Cornercap Investment Counsel Inc.

Cornercap Investment Counsel Inc. increased its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 207.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,498 shares of the conglomerate’s stock after buying an additional 7,083 shares during the period. Honeywell International comprises 1.1% of Cornercap Investment Counsel Inc.’s investment portfolio, making the stock its 10th largest holding. Cornercap Investment Counsel Inc.’s holdings in Honeywell International were worth $2,210,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Brighton Jones LLC boosted its holdings in Honeywell International by 9.1% in the fourth 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 during the period. Samalin Investment Counsel LLC increased its holdings in Honeywell International by 17.8% during the 1st quarter. Samalin Investment Counsel LLC now owns 2,503 shares of the conglomerate’s stock worth $530,000 after purchasing an additional 379 shares during the period. Ieq Capital LLC raised its position in Honeywell International by 1.5% in the 1st quarter. Ieq Capital LLC now owns 24,859 shares of the conglomerate’s stock valued at $5,264,000 after purchasing an additional 369 shares in the last quarter. Triad Wealth Partners LLC boosted its stake in shares of Honeywell International by 2.7% in the 1st quarter. Triad Wealth Partners LLC now owns 2,495 shares of the conglomerate’s stock valued at $528,000 after buying an additional 65 shares during the period. Finally, Coalescence Partners Investment Management LP acquired a new position in shares of Honeywell International during the first quarter worth about $17,986,000. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Argus reduced their target price on shares of Honeywell International from $250.00 to $225.00 in a report on Friday, November 14th. BNP Paribas upgraded shares of Honeywell International to a “hold” rating in a report on Wednesday, December 3rd. Jefferies Financial Group decreased their price objective on shares of Honeywell International from $230.00 to $220.00 in a research report on Monday, November 3rd. Evercore ISI started coverage on Honeywell International in a report on Monday, December 15th. They issued an “outperform” rating and a $255.00 target price on the stock. Finally, Wells Fargo & Company cut their price target on Honeywell International from $230.00 to $218.00 and set an “equal weight” rating on the stock in a research note on Friday, November 14th. Nine analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $235.58.

Honeywell International Price Performance

Shares of NASDAQ:HON opened at $196.85 on Thursday. Honeywell International Inc. has a 12 month low of $169.21 and a 12 month high of $228.04. The firm has a market capitalization of $124.97 billion, a P/E ratio of 20.74, a P/E/G ratio of 2.85 and a beta of 0.96. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.36 and a quick ratio of 1.04. The company’s fifty day moving average price is $197.95 and its 200 day moving average price is $212.73.

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 return on equity of 38.11% and a net margin of 15.07%.The company 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. As a group, 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 company also recently disclosed a quarterly dividend, which was paid on Friday, December 5th. Shareholders of record on Friday, November 14th were paid a $1.19 dividend. 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 2.4%. The ex-dividend date was Friday, November 14th. Honeywell International’s dividend payout ratio (DPR) is presently 50.16%.

About Honeywell International

Honeywell International Inc is a diversified, publicly traded multinational conglomerate (NASDAQ: HON) that designs and manufactures a wide range of commercial and consumer products, engineering services and aerospace systems. The company operates through major business platforms that historically include Aerospace; Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. Its portfolio spans avionics and propulsion systems, building controls and HVAC equipment, process technologies and advanced materials, industrial automation software, and personal protective equipment and scanning solutions.

Honeywell’s aerospace business supplies aircraft manufacturers and operators with engines and auxiliary power units, avionics, flight safety systems and aftermarket services.