Ipswich Investment Management Co. Inc. Has $2.22 Million Stake in Honeywell International Inc. $HON

Ipswich Investment Management Co. Inc. lessened its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 25.1% during the third quarter, Holdings Channel reports. The fund owned 10,542 shares of the conglomerate’s stock after selling 3,530 shares during the quarter. Ipswich Investment Management Co. Inc.’s holdings in Honeywell International were worth $2,219,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HON. Laurel Wealth Advisors LLC boosted its position in shares of Honeywell International by 23,503.0% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 3,716,532 shares of the conglomerate’s stock worth $865,506,000 after purchasing an additional 3,700,786 shares in the last quarter. Alliancebernstein L.P. boosted its holdings in Honeywell International by 64.6% in the first quarter. Alliancebernstein L.P. now owns 2,652,344 shares of the conglomerate’s stock worth $561,634,000 after acquiring an additional 1,041,273 shares in the last quarter. Vista Cima Wealth Management LLC acquired a new stake in Honeywell International in the first quarter valued at approximately $164,000. Kingstone Capital Partners Texas LLC bought a new stake in shares of Honeywell International during the second quarter valued at approximately $140,816,000. Finally, Bank of Nova Scotia lifted its holdings in shares of Honeywell International by 171.8% in the 2nd quarter. Bank of Nova Scotia now owns 806,053 shares of the conglomerate’s stock worth $187,713,000 after purchasing an additional 509,456 shares in the last quarter. 75.91% of the stock is owned by institutional investors.

Honeywell International Trading Up 0.8%

Shares of HON stock opened at $199.89 on Thursday. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.04 and a current ratio of 1.36. The company has a market capitalization of $126.91 billion, a price-to-earnings ratio of 21.06, a PEG ratio of 2.65 and a beta of 0.96. Honeywell International Inc. has a 52-week low of $169.21 and a 52-week high of $228.04. The company has a 50-day simple moving average of $198.62 and a two-hundred day simple moving average of $213.78.

Honeywell International (NASDAQ:HON) last posted its earnings results on Monday, December 11th. The conglomerate reported $2.25 EPS for the quarter. The firm 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. Research analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 5th. Stockholders 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%. The ex-dividend date was Friday, November 14th. This is a positive change from Honeywell International’s previous quarterly dividend of $1.13. Honeywell International’s dividend payout ratio (DPR) is presently 50.16%.

Analysts Set New Price Targets

A number of analysts have commented on HON shares. Wells Fargo & Company decreased their price target on shares of Honeywell International from $230.00 to $218.00 and set an “equal weight” rating for the company in a research note on Friday, November 14th. Barclays reduced their price objective on shares of Honeywell International from $270.00 to $269.00 and set an “overweight” rating for the company in a report on Thursday, December 4th. BNP Paribas upgraded shares of Honeywell International to a “hold” rating in a report on Wednesday, December 3rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Honeywell International in a research note on Monday. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on Honeywell International from $265.00 to $264.00 and set a “buy” rating for the company in a report on Monday, December 8th. Nine analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average 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.