ELCO Management Co. LLC Raises Holdings in Honeywell International Inc. (NASDAQ:HON)

ELCO Management Co. LLC boosted its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 2.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,188 shares of the conglomerate’s stock after acquiring an additional 200 shares during the quarter. Honeywell International accounts for 1.3% of ELCO Management Co. LLC’s holdings, making the stock its 21st largest position. ELCO Management Co. LLC’s holdings in Honeywell International were worth $1,756,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of the stock. True Wealth Design LLC acquired a new stake in shares of Honeywell International during the 4th quarter valued at about $31,000. Silicon Valley Capital Partners acquired a new stake in Honeywell International in the fourth quarter valued at approximately $33,000. Knuff & Co LLC purchased a new stake in shares of Honeywell International in the first quarter valued at approximately $31,000. Magellan Asset Management Ltd acquired a new position in shares of Honeywell International during the 1st quarter worth approximately $32,000. Finally, Oliver Lagore Vanvalin Investment Group lifted its position in shares of Honeywell International by 47.6% during the 4th quarter. Oliver Lagore Vanvalin Investment Group now owns 183 shares of the conglomerate’s stock valued at $39,000 after buying an additional 59 shares in the last quarter. 74.61% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

HON has been the subject of a number of research analyst reports. StockNews.com initiated coverage on shares of Honeywell International in a research report on Monday, August 21st. They set a “hold” rating for the company. UBS Group decreased their price target on shares of Honeywell International from $185.00 to $180.00 and set a “sell” rating on the stock in a research note on Friday, July 28th. Finally, Morgan Stanley boosted their price objective on Honeywell International from $219.00 to $221.00 in a research note on Friday, July 28th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $215.07.

Honeywell International Trading Up 0.2 %

Shares of HON traded up $0.40 during midday trading on Friday, reaching $184.52. The company had a trading volume of 1,769,739 shares, compared to its average volume of 2,055,912. Honeywell International Inc. has a 1-year low of $166.63 and a 1-year high of $220.96. The company has a quick ratio of 1.07, a current ratio of 1.41 and a debt-to-equity ratio of 0.98. The firm has a 50 day simple moving average of $193.67 and a 200-day simple moving average of $195.26. The stock has a market cap of $122.51 billion, a PE ratio of 22.84, a price-to-earnings-growth ratio of 2.24 and a beta of 1.07.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings results on Thursday, July 27th. The conglomerate reported $2.23 earnings per share for the quarter, beating the consensus estimate of $2.20 by $0.03. The business had revenue of $9.10 billion during the quarter, compared to analysts’ expectations of $9.17 billion. Honeywell International had a net margin of 15.08% and a return on equity of 34.46%. The business’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.10 EPS. Research analysts forecast that Honeywell International Inc. will post 9.16 EPS for the current fiscal year.

Honeywell International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Friday, August 11th were issued a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date was Thursday, August 10th. Honeywell International’s dividend payout ratio is presently 50.99%.

Honeywell International Company Profile

Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its 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 and management services.