Cardinal Capital Management Inc. raised its stake in shares of Honeywell International Inc. (NASDAQ:HON – Free Report) by 2.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 117,490 shares of the conglomerate’s stock after buying an additional 3,030 shares during the period. Honeywell International makes up 1.2% of Cardinal Capital Management Inc.’s portfolio, making the stock its 26th biggest position. Cardinal Capital Management Inc.’s holdings in Honeywell International were worth $24,379,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently bought and sold shares of HON. BlackRock Inc. grew its stake in shares of Honeywell International by 2.1% in the 1st quarter. BlackRock Inc. now owns 42,326,637 shares of the conglomerate’s stock worth $8,089,467,000 after purchasing an additional 855,220 shares during the last quarter. Morgan Stanley grew its stake in shares of Honeywell International by 1.6% in the 4th quarter. Morgan Stanley now owns 15,283,603 shares of the conglomerate’s stock worth $3,275,277,000 after purchasing an additional 241,992 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Honeywell International by 2.2% in the 1st quarter. Geode Capital Management LLC now owns 12,617,604 shares of the conglomerate’s stock worth $2,405,781,000 after purchasing an additional 270,260 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Honeywell International by 3.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,445,462 shares of the conglomerate’s stock worth $1,422,977,000 after purchasing an additional 275,879 shares during the last quarter. Finally, Moneta Group Investment Advisors LLC grew its stake in shares of Honeywell International by 101,603.5% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 5,707,601 shares of the conglomerate’s stock worth $1,223,139,000 after purchasing an additional 5,701,989 shares during the last quarter. Institutional investors and hedge funds own 74.61% of the company’s stock.
Analyst Upgrades and Downgrades
Several research analysts have recently weighed in on the stock. UBS Group dropped their target price on shares of Honeywell International from $185.00 to $180.00 and set a “sell” rating on the stock in a research report on Friday, July 28th. Morgan Stanley lifted their target price on shares of Honeywell International from $219.00 to $221.00 in a research report on Friday, July 28th. Finally, StockNews.com assumed coverage on shares of Honeywell International in a research report on Monday, August 21st. They issued a “hold” rating on the stock. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Honeywell International currently has an average rating of “Hold” and a consensus price target of $215.07.
Honeywell International Stock Performance
Shares of NASDAQ:HON traded down $0.52 during trading on Friday, reaching $193.04. The stock had a trading volume of 6,014,023 shares, compared to its average volume of 2,796,882. Honeywell International Inc. has a 52 week low of $166.63 and a 52 week high of $220.96. The firm has a market capitalization of $128.17 billion, a price-to-earnings ratio of 23.89, a P/E/G ratio of 2.33 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. The stock has a fifty day simple moving average of $192.20 and a two-hundred day simple moving average of $195.36.
Honeywell International (NASDAQ:HON – Get Free Report) last released its quarterly earnings results on Thursday, July 27th. The conglomerate reported $2.23 EPS for the quarter, beating analysts’ consensus estimates of $2.20 by $0.03. Honeywell International had a net margin of 15.08% and a return on equity of 34.46%. The company had revenue of $9.10 billion for the quarter, compared to analyst estimates of $9.17 billion. During the same quarter last year, the firm posted $2.10 earnings per share. The company’s quarterly revenue was up 1.6% compared to the same quarter last year. As a group, analysts anticipate that Honeywell International Inc. will post 9.16 earnings per share for the current fiscal year.
Honeywell International Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Friday, August 11th were given a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date of this dividend was Thursday, August 10th. Honeywell International’s dividend payout ratio (DPR) is currently 50.99%.
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.
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