Abner Herrman & Brock LLC Purchases 1,074 Shares of Honeywell International Inc. (NASDAQ:HON)

Abner Herrman & Brock LLC grew its position in shares of Honeywell International Inc. (NASDAQ:HON) by 1.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,053 shares of the conglomerate’s stock after purchasing an additional 1,074 shares during the period. Honeywell International makes up 2.2% of Abner Herrman & Brock LLC’s portfolio, making the stock its 22nd biggest holding. Abner Herrman & Brock LLC’s holdings in Honeywell International were worth $15,159,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in HON. 1776 Wealth LLC grew its stake in Honeywell International by 2.7% during the 4th quarter. 1776 Wealth LLC now owns 1,918 shares of the conglomerate’s stock valued at $411,000 after acquiring an additional 50 shares in the last quarter. SkyOak Wealth LLC increased its position in shares of Honeywell International by 1.7% during the 1st quarter. SkyOak Wealth LLC now owns 3,028 shares of the conglomerate’s stock worth $579,000 after purchasing an additional 52 shares during the last quarter. Pflug Koory LLC increased its position in shares of Honeywell International by 0.4% during the first quarter. Pflug Koory LLC now owns 14,772 shares of the conglomerate’s stock valued at $2,823,000 after acquiring an additional 53 shares during the last quarter. Viawealth LLC increased its holdings in Honeywell International by 0.9% in the 1st quarter. Viawealth LLC now owns 5,707 shares of the conglomerate’s stock valued at $1,091,000 after purchasing an additional 53 shares during the last quarter. Finally, Thrive Wealth Management LLC raised its position in Honeywell International by 3.3% in the first quarter. Thrive Wealth Management LLC now owns 1,709 shares of the conglomerate’s stock valued at $327,000 after purchasing an additional 54 shares during the period. Institutional investors own 74.61% of the company’s stock.

Honeywell International Price Performance

HON stock traded up $2.47 during trading hours on Thursday, hitting $194.06. 969,466 shares of the stock traded hands, compared to its average volume of 2,762,156. The stock has a 50-day simple moving average of $192.85 and a 200 day simple moving average of $195.31. The company has a market cap of $128.85 billion, a P/E ratio of 23.71, a P/E/G ratio of 2.24 and a beta of 1.07. The company has a current ratio of 1.41, a quick ratio of 1.07 and a debt-to-equity ratio of 0.98. Honeywell International Inc. has a one year low of $166.63 and a one year high of $220.96.

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

Honeywell International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Friday, August 11th were issued a dividend of $1.03 per share. The ex-dividend date was Thursday, August 10th. This represents a $4.12 dividend on an annualized basis and a yield of 2.12%. Honeywell International’s dividend payout ratio is 50.99%.

Analyst Ratings Changes

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

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.