Honeywell International Inc. (NASDAQ:HON) Shares Purchased by Ferguson Wellman Capital Management Inc.

Ferguson Wellman Capital Management Inc. boosted its position in Honeywell International Inc. (NASDAQ:HON) by 0.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 414,449 shares of the conglomerate’s stock after purchasing an additional 349 shares during the period. Honeywell International makes up about 2.0% of Ferguson Wellman Capital Management Inc.’s portfolio, making the stock its 8th largest holding. Ferguson Wellman Capital Management Inc. owned 0.06% of Honeywell International worth $85,998,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Knuff & Co LLC acquired a new stake in shares of Honeywell International during the 1st quarter valued at $31,000. True Wealth Design LLC acquired a new stake in shares of Honeywell International during the 4th quarter valued at $31,000. Magellan Asset Management Ltd acquired a new stake in shares of Honeywell International during the 1st quarter valued at $32,000. Manitou Investment Management Ltd. purchased a new stake in shares of Honeywell International in the first quarter valued at $32,000. Finally, Raleigh Capital Management Inc. lifted its holdings in shares of Honeywell International by 47.4% in the first quarter. Raleigh Capital Management Inc. now owns 168 shares of the conglomerate’s stock valued at $32,000 after purchasing an additional 54 shares in the last quarter. 74.61% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Stock Down 0.3 %

Honeywell International stock traded down $0.52 during mid-day trading on Friday, hitting $193.04. 6,014,023 shares of the company’s stock were exchanged, compared to its average volume of 2,796,882. The company has a current ratio of 1.41, a quick ratio of 1.07 and a debt-to-equity ratio of 0.98. The stock has a market cap of $128.17 billion, a P/E ratio of 23.89, a P/E/G ratio of 2.33 and a beta of 1.07. Honeywell International Inc. has a 1-year low of $166.63 and a 1-year high of $220.96. The stock has a 50 day moving average of $191.94 and a two-hundred day moving average of $195.43.

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

Honeywell International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 1st. Shareholders 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 yield of 2.13%. The ex-dividend date of this dividend was Thursday, August 10th. Honeywell International’s dividend payout ratio (DPR) is 50.99%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. StockNews.com assumed coverage on Honeywell International in a report on Monday, August 21st. They issued a “hold” rating for the company. Morgan Stanley increased their target price on Honeywell International from $219.00 to $221.00 in a report on Friday, July 28th. Finally, UBS Group reduced their target price on Honeywell International from $185.00 to $180.00 and set a “sell” rating for the company in a report on Friday, July 28th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Honeywell International currently has a consensus rating of “Hold” and a consensus price target 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.