Epoch Investment Partners Inc. Sells 5,717 Shares of Honeywell International Inc. $HON

Epoch Investment Partners Inc. trimmed its position in shares of Honeywell International Inc. (NASDAQ:HON) by 3.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 145,821 shares of the conglomerate’s stock after selling 5,717 shares during the quarter. Epoch Investment Partners Inc.’s holdings in Honeywell International were worth $33,959,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Chung Wu Investment Group LLC purchased a new stake in Honeywell International in the second quarter worth $26,000. Pandora Wealth Inc. purchased a new position in Honeywell International during the first quarter valued at $33,000. RMG Wealth Management LLC bought a new stake in shares of Honeywell International during the 2nd quarter valued at $33,000. Activest Wealth Management grew its position in shares of 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 buying an additional 115 shares during the period. Finally, 1248 Management LLC bought a new position in shares of Honeywell International in the 1st quarter worth about $38,000. Institutional investors own 75.91% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on HON shares. Robert W. Baird dropped their price objective 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. Rothschild & Co Redburn dropped their price target on Honeywell International from $240.00 to $222.00 and set a “neutral” rating on the stock in a research report on Monday, October 27th. TD Cowen reduced their price objective on Honeywell International from $250.00 to $240.00 and set a “buy” rating for the company in a research report on Monday, November 10th. Wells Fargo & Company dropped their target price on Honeywell International from $230.00 to $218.00 and set an “equal weight” rating on the stock in a report on Friday, November 14th. Finally, Morgan Stanley cut their target price on Honeywell International from $245.00 to $235.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 28th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Honeywell International has an average rating of “Hold” and an average target price of $236.71.

Honeywell International Stock Down 0.5%

HON stock opened at $191.33 on Friday. The stock has a market capitalization of $121.47 billion, a P/E ratio of 20.16, a P/E/G ratio of 2.61 and a beta of 0.96. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.36 and a quick ratio of 1.04. Honeywell International Inc. has a 1-year low of $169.21 and a 1-year high of $228.04. The business has a fifty day moving average price of $201.03 and a 200-day moving average price of $215.48.

Honeywell International (NASDAQ:HON) last released its quarterly earnings data on Monday, December 11th. The conglomerate reported $2.25 EPS for the quarter. Honeywell International had a return on equity of 38.11% and a net margin of 15.07%.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 and its FY 2023 guidance at 9.100-9.200 EPS. Equities analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 5th. Investors of record on Friday, November 14th were given a dividend of $1.19 per share. This represents a $4.76 annualized dividend and a yield of 2.5%. This is a positive change from Honeywell International’s previous quarterly dividend of $1.13. 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.