Commonwealth Equity Services LLC lifted its holdings in shares of Honeywell International Inc. (NASDAQ:HON – Free Report) by 1.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 376,621 shares of the conglomerate’s stock after purchasing an additional 6,418 shares during the quarter. Commonwealth Equity Services LLC owned 0.06% of Honeywell International worth $78,149,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Indiana Trust & Investment Management CO grew its stake in Honeywell International by 0.9% during the second quarter. Indiana Trust & Investment Management CO now owns 5,713 shares of the conglomerate’s stock worth $1,185,000 after buying an additional 50 shares in the last quarter. L. Roy Papp & Associates LLP increased its stake in Honeywell International by 1.7% in the second quarter. L. Roy Papp & Associates LLP now owns 3,014 shares of the conglomerate’s stock valued at $625,000 after acquiring an additional 50 shares during the last quarter. 1776 Wealth LLC raised its position in Honeywell International by 2.7% during the fourth quarter. 1776 Wealth LLC now owns 1,918 shares of the conglomerate’s stock valued at $411,000 after purchasing an additional 50 shares in the last quarter. SkyOak Wealth LLC lifted its stake in Honeywell International by 1.7% during the first 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. Finally, Exchange Capital Management Inc. boosted its holdings in shares of Honeywell International by 0.3% in the 2nd quarter. Exchange Capital Management Inc. now owns 16,947 shares of the conglomerate’s stock valued at $3,517,000 after purchasing an additional 52 shares in the last quarter. 74.61% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several analysts recently weighed in on the company. Morgan Stanley upped their price objective on Honeywell International from $219.00 to $221.00 in a research report on Friday, July 28th. StockNews.com upgraded shares of Honeywell International from a “hold” rating to a “buy” rating in a research note on Friday, November 3rd. UBS Group lowered their price objective on shares of 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, Wells Fargo & Company cut their target price on shares of Honeywell International from $205.00 to $190.00 in a research report on Monday, October 9th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $214.75.
Honeywell International Trading Up 0.3 %
Shares of HON stock traded up $0.50 on Friday, hitting $191.21. The company had a trading volume of 2,207,822 shares, compared to its average volume of 2,791,798. The stock’s 50-day moving average is $186.19 and its two-hundred day moving average is $192.72. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.01 and a current ratio of 1.35. The firm has a market cap of $126.06 billion, a P/E ratio of 23.69, a P/E/G ratio of 2.45 and a beta of 1.05. Honeywell International Inc. has a twelve month low of $174.88 and a twelve month high of $220.96.
Honeywell International (NASDAQ:HON – Get Free Report) last released its quarterly earnings results on Thursday, October 26th. The conglomerate reported $2.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.23 by $0.04. Honeywell International had a net margin of 14.87% and a return on equity of 34.63%. The firm had revenue of $9.21 billion during the quarter, compared to analyst estimates of $9.23 billion. During the same quarter last year, the business earned $2.25 EPS. The company’s revenue was up 2.9% compared to the same quarter last year. On average, equities research analysts anticipate that Honeywell International Inc. will post 9.16 earnings per share for the current fiscal year.
Honeywell International Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, November 10th will be given a $1.08 dividend. The ex-dividend date is Thursday, November 9th. This is a positive change from Honeywell International’s previous quarterly dividend of $1.03. This represents a $4.32 annualized dividend and a dividend yield of 2.26%. Honeywell International’s dividend payout ratio (DPR) is 53.53%.
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.
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