Northwest Investment Counselors LLC grew its position in Honeywell International Inc. (NASDAQ:HON – Free Report) by 4.1% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 20,213 shares of the conglomerate’s stock after purchasing an additional 799 shares during the period. Honeywell International comprises approximately 1.1% of Northwest Investment Counselors LLC’s holdings, making the stock its 18th biggest holding. Northwest Investment Counselors LLC’s holdings in Honeywell International were worth $4,194,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently made changes to their positions in HON. Knuff & Co LLC acquired a new position in shares of Honeywell International during the first quarter valued at $31,000. True Wealth Design LLC acquired a new position in shares of Honeywell International during the fourth quarter valued at $31,000. Magellan Asset Management Ltd bought a new position in Honeywell International in the first quarter valued at approximately $32,000. Manitou Investment Management Ltd. bought a new position in Honeywell International in the first quarter valued at approximately $32,000. Finally, Raleigh Capital Management Inc. boosted its stake in 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 acquiring an additional 54 shares during the last quarter. Institutional investors and hedge funds own 74.61% of the company’s stock.
Wall Street Analysts Forecast Growth
HON has been the subject of several analyst reports. StockNews.com initiated coverage on Honeywell International in a research report on Monday, August 21st. They set a “hold” rating for the company. Morgan Stanley boosted their target price on Honeywell International from $219.00 to $221.00 in a research report on Friday, July 28th. Finally, UBS Group decreased their target price 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. One 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 data from MarketBeat, Honeywell International currently has a consensus rating of “Hold” and an average target price of $215.07.
Honeywell International Stock Down 0.3 %
Shares of HON stock traded down $0.52 on Friday, hitting $193.04. 6,014,023 shares of the 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 firm has a market capitalization of $128.17 billion, a P/E ratio of 23.89, a price-to-earnings-growth ratio of 2.33 and a beta of 1.07. The business has a 50-day moving average of $191.94 and a 200 day moving average of $195.43. Honeywell International Inc. has a fifty-two week low of $166.63 and a fifty-two week high of $220.96.
Honeywell International (NASDAQ:HON – Get Free Report) last released its earnings results on Thursday, July 27th. The conglomerate reported $2.23 earnings per share for the quarter, beating analysts’ consensus estimates of $2.20 by $0.03. The business had revenue of $9.10 billion during 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 firm’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same quarter last year, the firm earned $2.10 earnings per share. Equities analysts anticipate that Honeywell International Inc. will post 9.16 EPS for the current year.
Honeywell International Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Friday, August 11th were given a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a dividend yield of 2.13%. The ex-dividend date was Thursday, August 10th. Honeywell International’s dividend payout ratio (DPR) is 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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