Honeywell International Inc. $HON Shares Purchased by Saratoga Research & Investment Management

Saratoga Research & Investment Management boosted its position in Honeywell International Inc. (NASDAQ:HON) by 6.6% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 57,925 shares of the conglomerate’s stock after acquiring an additional 3,585 shares during the period. Saratoga Research & Investment Management’s holdings in Honeywell International were worth $13,490,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. Chung Wu Investment Group LLC acquired a new position in Honeywell International in the second quarter valued at $26,000. RMG Wealth Management LLC acquired a new position in shares of Honeywell International during the 2nd quarter valued at about $33,000. Activest Wealth Management lifted its holdings in shares of Honeywell International by 425.9% during the 2nd quarter. Activest Wealth Management now owns 142 shares of the conglomerate’s stock worth $33,000 after acquiring an additional 115 shares during the period. Howard Hughes Medical Institute purchased a new position in shares of Honeywell International during the 2nd quarter worth about $33,000. Finally, 1248 Management LLC acquired a new stake in shares of Honeywell International in the first quarter worth approximately $38,000. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Analysts Set New Price Targets

HON has been the subject of several research analyst reports. Argus dropped their price target on shares of Honeywell International from $250.00 to $225.00 in a research report on Friday, November 14th. Barclays dropped their price objective on Honeywell International from $270.00 to $269.00 and set an “overweight” rating for the company in a report on Thursday, December 4th. Jefferies Financial Group cut their target price on Honeywell International from $230.00 to $220.00 in a research report on Monday, November 3rd. Citigroup boosted their price target on Honeywell International from $251.56 to $267.00 and gave the company a “buy” rating in a research report on Tuesday, November 4th. Finally, Wells Fargo & Company cut their price objective on Honeywell International from $230.00 to $218.00 and set an “equal weight” rating on the stock in a report on Friday, November 14th. Seven equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Honeywell International has a consensus rating of “Hold” and a consensus target price of $235.44.

Honeywell International Stock Down 0.1%

Shares of Honeywell International stock opened at $193.66 on Friday. Honeywell International Inc. has a twelve month low of $169.21 and a twelve month high of $228.04. The stock has a market cap of $122.95 billion, a price-to-earnings ratio of 20.41, a price-to-earnings-growth ratio of 2.59 and a beta of 0.96. 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 company has a fifty day moving average price of $199.27 and a 200 day moving average price of $214.33.

Honeywell International (NASDAQ:HON) last released its quarterly earnings data on Monday, December 11th. The conglomerate reported $2.25 EPS 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. Equities research 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 declared a quarterly dividend, which was paid on Friday, December 5th. Shareholders of record on Friday, November 14th were issued a $1.19 dividend. The ex-dividend date was Friday, November 14th. This represents a $4.76 dividend on an annualized basis and a yield of 2.5%. This is a boost from Honeywell International’s previous quarterly dividend of $1.13. Honeywell International’s dividend payout ratio (DPR) is currently 50.16%.

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.