KLR Investment Advisors LLC Makes New Investment in Honeywell International Inc. (NASDAQ:HON)

KLR Investment Advisors LLC purchased a new position in Honeywell International Inc. (NASDAQ:HON) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 3,099 shares of the conglomerate’s stock, valued at approximately $592,000.

Several other institutional investors have also added to or reduced their stakes in HON. Knuff & Co LLC purchased a new position in Honeywell International during the first quarter valued at $31,000. True Wealth Design LLC purchased a new position in Honeywell International during the fourth quarter valued at $31,000. Magellan Asset Management Ltd purchased a new position in Honeywell International during the first quarter valued at $32,000. Silicon Valley Capital Partners purchased a new position in Honeywell International during the fourth quarter valued at $33,000. Finally, Oliver Lagore Vanvalin Investment Group grew its stake in Honeywell International by 47.6% during the fourth quarter. Oliver Lagore Vanvalin Investment Group now owns 183 shares of the conglomerate’s stock valued at $39,000 after acquiring an additional 59 shares in the last quarter. 74.61% of the stock is currently owned by institutional investors.

Honeywell International Trading Up 0.4 %

HON traded up $0.71 on Monday, reaching $185.23. 201,337 shares of the company traded hands, compared to its average volume of 2,743,606. Honeywell International Inc. has a one year low of $166.63 and a one year high of $220.96. The firm has a fifty day simple moving average of $193.67 and a two-hundred day simple moving average of $195.31. The company has a market cap of $122.99 billion, a P/E ratio of 22.84, a price-to-earnings-growth ratio of 2.24 and a beta of 1.07. The company has a quick ratio of 1.07, a current ratio of 1.41 and a debt-to-equity ratio of 0.98.

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

Honeywell International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Friday, August 11th were paid a dividend of $1.03 per share. The ex-dividend date was Thursday, August 10th. This represents a $4.12 annualized dividend and a dividend yield of 2.22%. Honeywell International’s dividend payout ratio (DPR) is presently 50.99%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. UBS Group cut their target price on shares of Honeywell International from $185.00 to $180.00 and set a “sell” rating for the company in a research note on Friday, July 28th. StockNews.com began coverage on shares of Honeywell International in a research note on Monday, August 21st. They issued a “hold” rating for the company. Finally, Morgan Stanley lifted their price objective on shares of Honeywell International from $219.00 to $221.00 in a research note on Friday, July 28th. One equities 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $215.07.

Honeywell International 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.