Cardinal Capital Management Inc. Purchases 3,390 Shares of Honeywell International Inc. $HON

Cardinal Capital Management Inc. increased its holdings in Honeywell International Inc. (NASDAQ:HON) by 2.7% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 130,797 shares of the conglomerate’s stock after acquiring an additional 3,390 shares during the quarter. Cardinal Capital Management Inc.’s holdings in Honeywell International were worth $27,533,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Chung Wu Investment Group LLC purchased a new position in shares of Honeywell International during the 2nd quarter worth $26,000. RMG Wealth Management LLC purchased a new stake in shares of Honeywell International in the 2nd quarter worth $33,000. Activest Wealth Management raised its holdings in Honeywell International by 425.9% in the 2nd quarter. Activest Wealth Management now owns 142 shares of the conglomerate’s stock worth $33,000 after purchasing an additional 115 shares during the period. Howard Hughes Medical Institute purchased a new position in Honeywell International during the second quarter valued at $33,000. Finally, 1248 Management LLC bought a new stake in Honeywell International during the first quarter valued at about $38,000. 75.91% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on HON shares. Evercore ISI assumed coverage on Honeywell International in a research report on Monday. They set an “outperform” rating and a $255.00 price objective on the stock. Robert W. Baird decreased their target price on shares of Honeywell International from $250.00 to $220.00 and set a “neutral” rating on the stock in a research note on Monday, October 13th. BNP Paribas Exane initiated coverage on shares of Honeywell International in a research report on Wednesday, December 3rd. They issued a “neutral” rating and a $195.00 price target for the company. Rothschild & Co Redburn decreased their price objective on shares of Honeywell International from $240.00 to $222.00 and set a “neutral” rating on the stock in a research report on Monday, October 27th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Honeywell International from $212.00 to $218.00 and gave the company a “neutral” rating in a research note on Friday, October 24th. Eight equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Honeywell International presently has an average rating of “Hold” and a consensus target price of $236.59.

Honeywell International Price Performance

HON stock opened at $197.45 on Tuesday. Honeywell International Inc. has a one year low of $169.21 and a one year high of $228.04. The company’s fifty day moving average price is $199.04 and its 200-day moving average price is $214.07. 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 $125.36 billion, a PE ratio of 20.81, a price-to-earnings-growth ratio of 2.59 and a beta of 0.96.

Honeywell International (NASDAQ:HON) last posted 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 during 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 anticipate that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 5th. Investors of record on Friday, November 14th were given 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 dividend yield of 2.4%. The ex-dividend date was Friday, November 14th. Honeywell International’s dividend payout ratio (DPR) is presently 50.16%.

Honeywell International 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.