Honeywell International Inc. $HON Stake Lifted by Cornercap Investment Counsel Inc.

Cornercap Investment Counsel Inc. raised its holdings in Honeywell International Inc. (NASDAQ:HON) by 207.4% during the third quarter, HoldingsChannel reports. The firm owned 10,498 shares of the conglomerate’s stock after buying an additional 7,083 shares during the period. Honeywell International comprises about 1.1% of Cornercap Investment Counsel Inc.’s investment portfolio, making the stock its 10th biggest 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 have also made changes to their positions in HON. BankPlus Wealth Management LLC increased its position in Honeywell International by 2.2% in the 2nd quarter. BankPlus Wealth Management LLC now owns 1,986 shares of the conglomerate’s stock valued at $463,000 after acquiring an additional 43 shares during the period. Summit Wealth Group LLC grew its stake in shares of Honeywell International by 4.3% in the 2nd quarter. Summit Wealth Group LLC now owns 1,115 shares of the conglomerate’s stock valued at $260,000 after purchasing an additional 46 shares during the last quarter. Capital Advisors Ltd. LLC increased its holdings in shares of Honeywell International by 1.8% in the second quarter. Capital Advisors Ltd. LLC now owns 2,696 shares of the conglomerate’s stock valued at $628,000 after purchasing an additional 47 shares during the period. Bar Harbor Wealth Management raised its stake in shares of Honeywell International by 0.3% during the second quarter. Bar Harbor Wealth Management now owns 15,192 shares of the conglomerate’s stock worth $3,538,000 after purchasing an additional 47 shares during the last quarter. Finally, Fielder Capital Group LLC lifted its holdings in shares of Honeywell International by 2.1% during the second quarter. Fielder Capital Group LLC now owns 2,373 shares of the conglomerate’s stock worth $553,000 after purchasing an additional 48 shares during the period. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Trading Up 0.7%

Shares of Honeywell International stock opened at $196.85 on Thursday. The company has a 50-day moving average of $197.95 and a two-hundred day moving average of $212.73. Honeywell International Inc. has a 12-month low of $169.21 and a 12-month high of $228.04. 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 stock has a market cap of $124.97 billion, a PE ratio of 20.74, a price-to-earnings-growth ratio of 2.85 and a beta of 0.96.

Honeywell International (NASDAQ:HON) last released its quarterly earnings results on Monday, December 11th. The conglomerate reported $2.25 earnings per share for the quarter. Honeywell International had a return on equity of 38.11% and a net margin of 15.07%.The business 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. On average, research analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Increases Dividend

The company also recently declared 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 is a boost from Honeywell International’s previous quarterly dividend of $1.13. The ex-dividend date of this dividend was Friday, November 14th. This represents a $4.76 annualized dividend and a dividend yield of 2.4%. Honeywell International’s dividend payout ratio is presently 50.16%.

Analysts Set New Price Targets

Several equities analysts have issued reports on HON shares. Rothschild & Co Redburn dropped 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 note on Monday, October 27th. TD Cowen dropped their price target on shares of Honeywell International from $250.00 to $240.00 and set a “buy” rating on the stock in a research note on Monday, November 10th. HSBC reduced their price objective on shares of Honeywell International from $290.00 to $266.00 and set a “buy” rating for the company in a research report on Tuesday, November 11th. Robert W. Baird dropped their target price on Honeywell International from $250.00 to $220.00 and set a “neutral” rating on the stock in a research report on Monday, October 13th. Finally, Argus cut their target price on Honeywell International from $250.00 to $225.00 in a research note on Friday, November 14th. Nine 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. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $235.58.

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.