Honeywell International Inc. (NASDAQ:HON) Shares Bought by Eagle Bay Advisors LLC

Eagle Bay Advisors LLC raised its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 35.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,056 shares of the conglomerate’s stock after purchasing an additional 274 shares during the period. Eagle Bay Advisors LLC’s holdings in Honeywell International were worth $226,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. GUNN & Co INVESTMENT MANAGEMENT INC. bought a new position in Honeywell International in the 4th quarter worth about $325,000. Citizens Financial Group Inc. RI increased its stake in Honeywell International by 20.4% during the 4th quarter. Citizens Financial Group Inc. RI now owns 14,184 shares of the conglomerate’s stock valued at $2,975,000 after buying an additional 2,405 shares during the period. Addison Advisors LLC increased its stake in Honeywell International by 10.6% during the 4th quarter. Addison Advisors LLC now owns 983 shares of the conglomerate’s stock valued at $206,000 after buying an additional 94 shares during the period. Valmark Advisers Inc. lifted its stake in shares of Honeywell International by 8.3% in the 4th quarter. Valmark Advisers Inc. now owns 4,697 shares of the conglomerate’s stock worth $985,000 after acquiring an additional 358 shares during the period. Finally, Intact Investment Management Inc. lifted its stake in shares of Honeywell International by 1.0% in the 4th quarter. Intact Investment Management Inc. now owns 30,500 shares of the conglomerate’s stock worth $6,396,000 after acquiring an additional 300 shares during the period. 75.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

HON has been the topic of several recent analyst reports. Daiwa America raised Honeywell International to a “moderate buy” rating in a report on Wednesday, June 5th. Royal Bank of Canada cut their price target on shares of Honeywell International from $218.00 to $214.00 and set a “sector perform” rating for the company in a report on Friday, July 26th. UBS Group raised shares of Honeywell International from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $175.00 to $215.00 in a research note on Monday, June 10th. Citigroup raised their target price on shares of Honeywell International from $243.00 to $244.00 and gave the stock a “buy” rating in a report on Tuesday, June 4th. Finally, Wells Fargo & Company cut their price objective on Honeywell International from $220.00 to $215.00 and set an “equal weight” rating for the company in a research report on Friday, July 26th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $225.00.

Honeywell International Stock Up 1.1 %

Shares of Honeywell International stock traded up $2.26 during midday trading on Tuesday, hitting $206.11. The company’s stock had a trading volume of 2,362,087 shares, compared to its average volume of 2,903,862. The firm has a market capitalization of $134.22 billion, a P/E ratio of 23.88, a PEG ratio of 2.32 and a beta of 1.04. Honeywell International Inc. has a 1-year low of $174.88 and a 1-year high of $220.79. The company has a quick ratio of 0.91, a current ratio of 1.21 and a debt-to-equity ratio of 1.19. The stock has a 50-day simple moving average of $208.02 and a 200-day simple moving average of $202.67.

Honeywell International (NASDAQ:HON) last released its earnings results on Thursday, July 25th. The conglomerate reported $2.49 earnings per share for the quarter, beating the consensus estimate of $2.42 by $0.07. The company 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 business’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.23 EPS. As a group, sell-side analysts expect that Honeywell International Inc. will post 10.14 earnings per share for the current year.

Honeywell International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Friday, August 16th will be given a $1.08 dividend. The ex-dividend date of this dividend is Friday, August 16th. This represents a $4.32 dividend on an annualized basis and a yield of 2.10%. Honeywell International’s payout ratio is 50.06%.

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.