In this article, we discuss 5 dividend achievers to buy in 2022. If you want to see more stocks in this selection, click 10 Dividend Achievers to Buy in 2022.
5. Honeywell International Inc. (NASDAQ:HON)
Dividend Yield as of May 10: 2.01%
Number of Hedge Fund Holders: 51
Number of Years of Consecutive Dividend Increases: 12
Honeywell International Inc. (NASDAQ:HON) is an American diversified technology and manufacturing company, operating via four main divisions – aerospace, building technologies, performance materials and technologies, and safety and productivity solutions.
On April 25, Honeywell International Inc. (NASDAQ:HON) declared a $0.98 per share quarterly dividend, in line with previous. The dividend is payable on June 3, to shareholders of record on May 13. Honeywell International Inc. (NASDAQ:HON)’s dividend yield as of May 10 stood at 2.01%, and the company has raised its dividend payouts for 12 years back to back.
Honeywell International Inc. (NASDAQ:HON) reported earnings for Q1 on April 29, posting an EPS of $1.91, beating consensus estimates by $0.05. The $8.38 billion revenue outperformed analysts’ predictions by $86.41 million.
Citi analyst Andrew Kaplowitz on May 2 reiterated a Buy rating on Honeywell International Inc. (NASDAQ:HON) and raised the firm’s price target on the stock to $232 from $229. The analyst believes that Honeywell International Inc. (NASDAQ:HON)’s Q1 results reflect its ability to “effectively execute” despite ongoing supply chain tightness and inflationary challenges.
According to the fourth quarter database of Insider Monkey, 51 hedge funds were long Honeywell International Inc. (NASDAQ:HON), compared to 45 funds in the last quarter. D E Shaw is the leading shareholder of the company, with a position worth $342.4 million.
Here is what ClearBridge Investments has to say about Honeywell International Inc. (NASDAQ:HON) in its Q1 2021 investor letter:
“The portfolio’s quality bias and valuation discipline have generated compelling returns over time with typically strong relative results in more challenging environments as it did through the first three quarters of 2020. However, that same quality bias tends to create a more challenging relative performance environment for the Strategy during periods of sharp economic acceleration, which tend to benefit stocks that are more commodity linked or of lower quality. This has been the case during the vaccine- and stimulus-driven rally experienced late last year and during the most recent quarter. Sectors that lagged in the quarter included industrials, Honeywell also lagged in the quarter after previously generating strong returns over extended periods.”
