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Dividends

CARR

HON

Honeywell International Inc. (HON) is set to release Q4 earnings on Feb. 1, 2024, with expected earnings of $2.59 per share and projected revenue of $9.7 billion. The company has a dividend yield of 2.10% and recently agreed to acquire Carrier Global Corporation's Global Access Solutions business for $4.95 billion. Honeywell's stock closed up 1.4% at $205.90.

Portfolio Pulse from Avi Kapoor

January 31, 2024 | 12:57 pm

SLB

Schlumberger Ltd (NYSE:SLB) stock is trading higher after reaffirming its FY24 guidance, despite Saudi Aramco's decision to suspend its oil capacity expansion plans. Schlumberger's stock had previously fallen over 7% but is recovering on the back of strong FY24 revenue growth and margin expansion projections, as well as plans to increase share repurchases in 2024. CEO Olivier Le Peuch remains confident in the company's growth, particularly in the Middle East, despite Aramco's recent announcement to halt its production capacity increase.

Portfolio Pulse from Lekha Gupta

January 31, 2024 | 11:05 am

TEVA

Teva Pharmaceutical Industries Ltd. has announced its plan to divest its active-pharmaceutical ingredient (API) business, known as TAPI. This move is part of Teva's growth strategy, aiming to focus on capital reallocation towards growth and innovation, and to enhance patient services. The divestiture is expected to benefit shareholders and allow the API business to independently pursue new growth opportunities in the $85 billion global API market. TAPI employs approximately 4,300 people worldwide.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 11:04 am

FNV

Franco-Nevada Corporation has announced a 5.88% increase in its quarterly dividend, raising it from $0.34 to $0.36 per share. The dividend is payable on March 28, 2024, to shareholders of record as of March 14, 2024.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 10:13 pm

ATKR

Atkore Inc. has announced the initiation of a quarterly dividend, setting the amount at $0.32 per share. This marks the company's first foray into providing regular dividend payments to its shareholders, signaling confidence in its financial stability and profitability.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 9:45 pm

POWL

Powell Industries has announced an increase in its quarterly dividend from $0.2625 to $0.2650 per share, signaling confidence in its financial stability and commitment to returning value to shareholders.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 9:30 pm

CMCSA

TMUS

Citigroup analyst Michael Rollins is bullish on Comcast Corp (NASDAQ:CMCSA), maintaining a Buy rating and raising the price target from $51 to $53. Rollins' optimism is based on Comcast's strong fourth-quarter FY23 results, which surpassed consensus estimates, and the company's increased dividend and new $15 billion share repurchase program. He anticipates revenue growth to be weighted towards the second half of the year due to the Olympics and elections, and expects broadband revenue growth from targeted ARPU expansion. Despite a slight negative expectation for subscriber volumes, Comcast is seen as well-positioned to improve value over the next 12 months, especially with its solid Cable financials and under-appreciated Content and entertainment segment.

Portfolio Pulse from Anusuya Lahiri

January 30, 2024 | 6:31 pm

MA

V

Mastercard Inc (NYSE:MA) is set to report Q4 earnings on Jan. 31 with expectations of $3.08 EPS and $6.48 billion in revenues. The stock has reached all-time highs, up 20% over the past year, slightly behind Visa Inc's (NASDAQ:V) 21.20% gain. Visa recently exceeded Q1 earnings expectations but saw a 2.5% stock decline post-announcement due to weaker-than-expected payment volumes. Analysts will focus on Mastercard's margin profile and positioning against Visa. Mastercard has a stable A+ credit rating and a history of dividend growth, but faces challenges in 2024 with potentially limited stock upside. Analyst consensus rates MA as a Buy with a target of $417.44, while recent estimates range from $462 to $510.

Portfolio Pulse from Surbhi Jain

January 30, 2024 | 6:09 pm

HUBB

Hubbell Inc (NYSE:HUBB) shares rose after reporting Q4 FY23 results with net sales of $1.35 billion, surpassing the $1.32 billion consensus. Utility Solutions and Electrical Solutions segments saw Y/Y growth. Gross profit and adjusted operating margin increased, with adjusted EPS of $3.69 beating the $3.57 consensus. Hubbell acquired Systems Control for $1.1 billion and agreed to sell its Residential Lighting business for $131 million. FY24 outlook anticipates adjusted EPS of $16.00-$16.50 and sales growth of 8%-10% Y/Y.

Portfolio Pulse from Lekha Gupta

January 30, 2024 | 5:57 pm

PNR

Pentair PLC (NYSE:PNR) reported a slight decline in Q4 fiscal 2023 net sales but showed improved profitability with a higher gross margin and operating income. Adjusted EPS exceeded consensus, and the company announced a dividend increase. Pentair provided a mixed outlook for Q1 and FY 2024, with expected sales decline in Q1 but overall growth in FY 2024. Shares traded slightly higher.

Portfolio Pulse from Akanksha Bakshi

January 30, 2024 | 5:38 pm