Violich Capital Management Inc. Has $13.26 Million Stock Holdings in Honeywell International Inc. $HON

Key Points

• Violich Capital Management Inc. reduced its holdings in Honeywell International by 12.7%, owning approximately $13.26 million worth of stock, which is about 1.9% of its investment portfolio.
• Honeywell recently increased its quarterly dividend from $1.13 to $1.19, representing an annualized payout of $4.76 and a dividend yield of 2.3%.
• Several large investors have recently made changes to their positions in Honeywell, with 75.91% of the stock now owned by institutional investors and hedge funds.

Violich Capital Management Inc. cut its position in Honeywell International Inc. (NASDAQ:HON - Free Report) by 12.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 56,931 shares of the conglomerate's stock after selling 8,255 shares during the period. Honeywell International accounts for approximately 1.9% of Violich Capital Management Inc.'s investment portfolio, making the stock its 13th biggest holding. Violich Capital Management Inc.'s holdings in Honeywell International were worth $13,258,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Chung Wu Investment Group LLC acquired a new position in Honeywell International during the 2nd quarter valued at about $26,000. Pandora Wealth Inc. acquired a new position in Honeywell International during the 1st quarter valued at about $33,000. RMG Wealth Management LLC acquired a new position in Honeywell International during the 2nd quarter valued at about $33,000. Activest Wealth Management boosted its stake in Honeywell International by 425.9% during the 2nd quarter. Activest Wealth Management now owns 142 shares of the conglomerate's stock valued at $33,000 after purchasing an additional 115 shares during the last quarter. Finally, 1248 Management LLC acquired a new position in Honeywell International during the 1st quarter valued at about $38,000. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Trading Down 0.1%

NASDAQ:HON opened at $202.96 on Friday. The company has a current ratio of 1.29, a quick ratio of 0.97 and a debt-to-equity ratio of 1.81. The stock has a market capitalization of $128.86 billion, a PE ratio of 23.09, a price-to-earnings-growth ratio of 2.28 and a beta of 1.06. The firm's 50 day moving average is $212.63 and its 200 day moving average is $216.91. Honeywell International Inc. has a 12 month low of $179.36 and a 12 month high of $242.77.

Honeywell International (NASDAQ:HON - Get Free Report) last posted its quarterly earnings results 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 net margin of 14.30% and a return on equity of 37.37%. Honeywell International has set its Q4 2023 guidance at 2.530-2.630 EPS. FY 2023 guidance at 9.100-9.200 EPS. Sell-side analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Friday, November 14th will be issued a $1.19 dividend. This is a boost from Honeywell International's previous quarterly dividend of $1.13. The ex-dividend date of this dividend is Friday, November 14th. This represents a $4.76 dividend on an annualized basis and a dividend yield of 2.3%. Honeywell International's payout ratio is presently 51.42%.

Insider Activity at Honeywell International

In other Honeywell International news, CEO Lucian Boldea sold 42,149 shares of the business's stock in a transaction on 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 sale, the chief executive officer owned 10,334 shares of the company's stock, valued at $2,289,807.72. The trade was a 80.31% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.20% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. TD Cowen cut their price target on Honeywell International from $260.00 to $250.00 in a research note on Tuesday, October 7th. Royal Bank Of Canada cut their target price on Honeywell International from $254.00 to $253.00 and set a "sector perform" rating on the stock in a research note on Friday, July 25th. Robert W. Baird cut their target price on Honeywell International from $250.00 to $220.00 and set a "neutral" rating on the stock in a research note on Monday, October 13th. JPMorgan Chase & Co. cut their target price on Honeywell International from $222.00 to $212.00 and set a "neutral" rating on the stock in a research note on Wednesday. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Honeywell International from $268.00 to $271.00 and gave the stock a "buy" rating in a research note on Thursday, October 2nd. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $251.67.

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.

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