Front Row Advisors LLC Buys 260 Shares of Honeywell International Inc. (NASDAQ:HON)

Front Row Advisors LLC raised its position in shares of Honeywell International Inc. (NASDAQ:HON) by 4.2% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,494 shares of the conglomerate’s stock after acquiring an additional 260 shares during the quarter. Front Row Advisors LLC’s holdings in Honeywell International were worth $1,387,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Gryphon Financial Partners LLC grew its holdings in Honeywell International by 211.0% in the fourth quarter. Gryphon Financial Partners LLC now owns 5,384 shares of the conglomerate’s stock worth $1,130,000 after purchasing an additional 3,653 shares during the period. Vectors Research Management LLC purchased a new stake in shares of Honeywell International in the 4th quarter worth approximately $270,000. Partners Capital Investment Group LLP bought a new position in Honeywell International during the 4th quarter valued at approximately $411,000. Alberta Investment Management Corp raised its stake in Honeywell International by 30.1% during the fourth quarter. Alberta Investment Management Corp now owns 20,300 shares of the conglomerate’s stock valued at $4,257,000 after buying an additional 4,700 shares during the last quarter. Finally, Carolinas Wealth Consulting LLC boosted its holdings in Honeywell International by 7.9% in the fourth quarter. Carolinas Wealth Consulting LLC now owns 1,497 shares of the conglomerate’s stock worth $314,000 after acquiring an additional 109 shares in the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Price Performance

NASDAQ HON opened at $207.63 on Friday. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.21 and a quick ratio of 0.91. Honeywell International Inc. has a 1-year low of $174.88 and a 1-year high of $220.79. The stock has a market capitalization of $135.21 billion, a price-to-earnings ratio of 24.06, a PEG ratio of 2.32 and a beta of 1.03. The business’s fifty day moving average price is $203.38 and its 200-day moving average price is $203.65.

Honeywell International (NASDAQ:HON) last announced its earnings results on Thursday, July 25th. The conglomerate reported $2.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.42 by $0.07. Honeywell International had a return on equity of 36.87% and a net margin of 15.49%. The business had revenue of $9.58 billion for the quarter, compared to analysts’ expectations of $9.41 billion. During the same period last year, the firm posted $2.23 earnings per share. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. On average, equities analysts predict that Honeywell International Inc. will post 10.11 earnings per share for the current year.

Honeywell International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be given a $1.13 dividend. The ex-dividend date is Friday, November 15th. This is an increase from Honeywell International’s previous quarterly dividend of $1.08. This represents a $4.52 annualized dividend and a yield of 2.18%. Honeywell International’s dividend payout ratio (DPR) is presently 50.06%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. StockNews.com lowered Honeywell International from a “buy” rating to a “hold” rating in a research report on Friday, August 30th. Wells Fargo & Company dropped their target price on shares of Honeywell International from $220.00 to $215.00 and set an “equal weight” rating on the stock in a research note on Friday, July 26th. Citigroup raised their price target on shares of Honeywell International from $243.00 to $244.00 and gave the company a “buy” rating in a research report on Tuesday, June 4th. Morgan Stanley initiated coverage on shares of Honeywell International in a report on Friday, September 6th. They issued an “equal weight” rating and a $210.00 price objective for the company. Finally, Daiwa America raised Honeywell International to a “moderate buy” rating in a report on Wednesday, June 5th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $223.13.

About Honeywell International

Honeywell International Inc engages in the aerospace technologies, building automation, energy and sustainable solutions, and industrial automation businesses in the United States, Europe, and internationally. The company’s 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 services.