Howard Financial Services LTD. increased its holdings in Honeywell International Inc. (NASDAQ:HON – Free Report) by 8.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,318 shares of the conglomerate’s stock after acquiring an additional 108 shares during the period. Howard Financial Services LTD.’s holdings in Honeywell International were worth $272,000 at the end of the most recent quarter.
Several other large investors have also added to or reduced their stakes in HON. Cypress Wealth Services LLC raised its holdings in shares of Honeywell International by 2.5% during the second quarter. Cypress Wealth Services LLC now owns 1,952 shares of the conglomerate’s stock valued at $417,000 after acquiring an additional 47 shares in the last quarter. Bard Financial Services Inc. raised its holdings in Honeywell International by 0.3% in the 2nd quarter. Bard Financial Services Inc. now owns 17,594 shares of the conglomerate’s stock worth $3,757,000 after purchasing an additional 50 shares in the last quarter. ZRC Wealth Management LLC lifted its position in shares of Honeywell International by 11.6% in the 3rd quarter. ZRC Wealth Management LLC now owns 480 shares of the conglomerate’s stock worth $99,000 after purchasing an additional 50 shares during the period. Quent Capital LLC boosted its stake in shares of Honeywell International by 3.0% during the 2nd quarter. Quent Capital LLC now owns 1,773 shares of the conglomerate’s stock valued at $379,000 after purchasing an additional 51 shares in the last quarter. Finally, Lansing Street Advisors increased its position in shares of Honeywell International by 5.0% during the second quarter. Lansing Street Advisors now owns 1,077 shares of the conglomerate’s stock valued at $230,000 after buying an additional 51 shares during the period. Institutional investors own 75.91% of the company’s stock.
Analyst Ratings Changes
HON has been the topic of several research reports. StockNews.com cut Honeywell International from a “buy” rating to a “hold” rating in a research report on Friday, August 30th. Royal Bank of Canada restated a “sector perform” rating and set a $214.00 price target on shares of Honeywell International in a research report on Thursday, September 26th. Wells Fargo & Company decreased their price objective on Honeywell International from $215.00 to $207.00 and set an “equal weight” rating for the company in a report on Monday. Finally, Morgan Stanley initiated coverage on shares of Honeywell International in a report on Friday, September 6th. They set an “equal weight” rating and a $210.00 target price on the stock. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $222.13.
Honeywell International Stock Up 0.4 %
Shares of Honeywell International stock opened at $207.91 on Wednesday. The company has a 50-day simple moving average of $202.90 and a two-hundred day simple moving average of $203.97. The stock has a market capitalization of $135.39 billion, a PE ratio of 23.99, a price-to-earnings-growth ratio of 2.32 and a beta of 1.03. Honeywell International Inc. has a 52-week low of $174.88 and a 52-week high of $220.79. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.91 and a current ratio of 1.21.
Honeywell International (NASDAQ:HON – Get Free Report) last released its quarterly earnings data on Thursday, July 25th. The conglomerate reported $2.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.42 by $0.07. The business had revenue of $9.58 billion for the quarter, compared to analysts’ expectations of $9.41 billion. Honeywell International had a return on equity of 36.87% and a net margin of 15.49%. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the firm posted $2.23 EPS. On average, analysts anticipate that Honeywell International Inc. will post 10.11 EPS for the current fiscal year.
Honeywell International Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be issued a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a dividend yield of 2.17%. This is a boost from Honeywell International’s previous quarterly dividend of $1.08. The ex-dividend date is Friday, November 15th. Honeywell International’s payout ratio is presently 52.38%.
Honeywell International Company Profile
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.
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