Honeywell International Inc. $HON Shares Acquired by Whittier Trust Co. of Nevada Inc.

Key Points

• Whittier Trust Co. of Nevada Inc. has increased its stake in Honeywell International Inc. by 2.0%, acquiring 2,429 additional shares during the second quarter, bringing its total holdings to 123,310 shares, worth approximately $28.7 million.
• Honeywell International reported a quarterly EPS of $2.25, with Q4 guidance set between 2.530-2.630 EPS and FY 2023 guidance at 9.100-9.200 EPS.
• The company announced an increased quarterly dividend of $1.19 per share, up from the previous $1.13, representing an annualized yield of 2.3%.

Whittier Trust Co. of Nevada Inc. increased its position in Honeywell International Inc. (NASDAQ:HON - Free Report) by 2.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 123,310 shares of the conglomerate's stock after acquiring an additional 2,429 shares during the period. Whittier Trust Co. of Nevada Inc.'s holdings in Honeywell International were worth $28,716,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Brighton Jones LLC grew its position in Honeywell International by 9.1% in the 4th quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate's stock valued at $4,302,000 after buying an additional 1,582 shares in the last quarter. Flagship Harbor Advisors LLC grew its position in Honeywell International by 8.3% in the 1st quarter. Flagship Harbor Advisors LLC now owns 9,535 shares of the conglomerate's stock valued at $2,019,000 after buying an additional 733 shares in the last quarter. Palumbo Wealth Management LLC grew its position in Honeywell International by 1.8% in the 1st quarter. Palumbo Wealth Management LLC now owns 3,053 shares of the conglomerate's stock valued at $646,000 after buying an additional 54 shares in the last quarter. Spinnaker Investment Group LLC grew its position in Honeywell International by 3.2% in the 1st quarter. Spinnaker Investment Group LLC now owns 3,204 shares of the conglomerate's stock valued at $678,000 after buying an additional 100 shares in the last quarter. Finally, Brown Lisle Cummings Inc. grew its position in Honeywell International by 4.8% in the 1st quarter. Brown Lisle Cummings Inc. now owns 14,885 shares of the conglomerate's stock valued at $3,152,000 after buying an additional 680 shares in the last quarter. Institutional investors and hedge funds own 75.91% of the company's stock.

Honeywell International Stock Performance

NASDAQ:HON opened at $206.03 on Tuesday. The company has a current ratio of 1.29, a quick ratio of 0.97 and a debt-to-equity ratio of 1.81. Honeywell International Inc. has a twelve month low of $179.36 and a twelve month high of $242.77. The firm has a market cap of $130.81 billion, a price-to-earnings ratio of 23.44, a price-to-earnings-growth ratio of 2.52 and a beta of 1.06. The company has a 50-day moving average of $212.43 and a 200-day moving average of $217.09.

Honeywell International (NASDAQ:HON - Get Free Report) last posted its quarterly earnings data on Monday, December 11th. The conglomerate reported $2.25 EPS for the quarter. Honeywell International had a net margin of 14.30% and a return on equity of 37.37%. The company had revenue of $8.95 billion during the quarter. Honeywell International has set its Q4 2023 guidance at 2.530-2.630 EPS. FY 2023 guidance at 9.100-9.200 EPS. Analysts forecast 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 will be paid on Friday, December 5th. Shareholders of record on Friday, November 14th will be paid a dividend of $1.19 per share. This is a boost from Honeywell International's previous quarterly dividend of $1.13. This represents a $4.76 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Friday, November 14th. Honeywell International's payout ratio is currently 54.15%.

Insider Buying and Selling

In other Honeywell International news, CEO Lucian Boldea sold 42,149 shares of the company's stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $221.58, for a total transaction of $9,339,375.42. Following the completion of the sale, the chief executive officer directly owned 10,334 shares of the company's stock, valued at approximately $2,289,807.72. This represents a 80.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.20% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on HON shares. Weiss Ratings reiterated a "buy (b-)" rating on shares of Honeywell International in a research report on Wednesday, October 8th. Wells Fargo & Company decreased their target price on shares of Honeywell International from $230.00 to $220.00 and set an "equal weight" rating for the company in a research report on Monday, October 6th. Royal Bank Of Canada reduced their price objective on shares of Honeywell International from $254.00 to $253.00 and set a "sector perform" rating for the company in a research report on Friday, July 25th. Jefferies Financial Group reduced their price objective on shares of Honeywell International from $240.00 to $230.00 and set a "hold" rating for the company in a research report on Tuesday, October 7th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Honeywell International from $268.00 to $271.00 and gave the company a "buy" rating in a research report on Thursday, October 2nd. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $251.67.

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.

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