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Honeywell reported strong Q2 2023 results, raised its dividend, and maintained full-year guidance.
Honeywell International reported strong Q2 2023 results with $2.25 EPS and $8.95 billion in revenue, maintaining a 37.37% return on equity and 14.30% net margin.
The company raised its quarterly dividend to $1.19, yielding 2.4%, and provided full-year 2023 guidance of $9.10 to $9.20 per share.
Institutional activity included KFA Private Wealth selling 162 shares, VanderPol Investments buying 896 shares, and Folger Nolan Fleming Douglas exiting part of its stake.
Honeywell’s stock, trading near $200.91 with a market cap of $127.56 billion, has a “Moderate Buy” consensus rating and a target price of $251.80.
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Honeywell informó sólidos resultados del segundo trimestre de 2023, aumentó su dividendo y mantuvo la guía para todo el año.