Honeywell International Inc. (NASDAQ:HON) Shares Bought by SFE Investment Counsel

SFE Investment Counsel raised its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 2.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,613 shares of the conglomerate’s stock after acquiring an additional 487 shares during the period. SFE Investment Counsel’s holdings in Honeywell International were worth $4,402,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Torray Investment Partners LLC grew its stake in shares of Honeywell International by 0.3% in the fourth quarter. Torray Investment Partners LLC now owns 58,708 shares of the conglomerate’s stock worth $12,312,000 after acquiring an additional 190 shares in the last quarter. Connectus Wealth LLC boosted its stake in Honeywell International by 2.2% during the 4th quarter. Connectus Wealth LLC now owns 224,661 shares of the conglomerate’s stock worth $47,128,000 after purchasing an additional 4,789 shares during the period. Main Street Financial Solutions LLC boosted its stake in shares of Honeywell International by 2.6% during the fourth quarter. Main Street Financial Solutions LLC now owns 4,561 shares of the conglomerate’s stock worth $956,000 after buying an additional 114 shares during the period. Cary Street Partners Investment Advisory LLC grew its stake in shares of Honeywell International by 17.7% in the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 12,141 shares of the conglomerate’s stock valued at $2,546,000 after purchasing an additional 1,823 shares during the last quarter. Finally, Sanibel Captiva Trust Company Inc. acquired a new position in Honeywell International in the 4th quarter valued at $27,230,000. 75.91% of the stock is owned by hedge funds and other institutional investors.

Honeywell International Stock Performance

Shares of HON stock opened at $198.13 on Friday. The company’s 50-day simple moving average is $206.41 and its 200-day simple moving average is $203.13. Honeywell International Inc. has a one year low of $174.88 and a one year high of $220.79. The stock has a market capitalization of $129.02 billion, a price-to-earnings ratio of 22.96, a PEG ratio of 2.37 and a beta of 1.04. 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) 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 firm had revenue of $9.58 billion during the quarter, compared to analyst estimates of $9.41 billion. Honeywell International had a net margin of 15.49% and a return on equity of 36.87%. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.23 earnings per share. Equities analysts anticipate that Honeywell International Inc. will post 10.12 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 16th were given a $1.08 dividend. This represents a $4.32 annualized dividend and a yield of 2.18%. The ex-dividend date of this dividend was Friday, August 16th. Honeywell International’s dividend payout ratio (DPR) is 50.06%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. UBS Group raised Honeywell International from a “sell” rating to a “neutral” rating and raised their target price for the company from $175.00 to $215.00 in a report on Monday, June 10th. Daiwa America upgraded Honeywell International to a “moderate buy” rating in a research report on Wednesday, June 5th. StockNews.com lowered Honeywell International from a “buy” rating to a “hold” rating in a research note on Friday, August 30th. Royal Bank of Canada cut their price objective on shares of Honeywell International from $218.00 to $214.00 and set a “sector perform” rating on the stock in a report on Friday, July 26th. Finally, Wells Fargo & Company reduced their target price on Honeywell International from $220.00 to $215.00 and set an “equal weight” rating on the stock in a report on Friday, July 26th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Honeywell International has a consensus rating of “Hold” and a consensus price target of $223.13.

Honeywell International 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.