Honeywell International Inc. (NASDAQ:HON) Shares Acquired by Wolff Wiese Magana LLC

Wolff Wiese Magana LLC boosted its stake in Honeywell International Inc. (NASDAQ:HON) by 30.0% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 663 shares of the conglomerate’s stock after acquiring an additional 153 shares during the quarter. Wolff Wiese Magana LLC’s holdings in Honeywell International were worth $137,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Capital Wealth Planning LLC acquired a new stake in shares of Honeywell International in the second quarter valued at about $392,478,000. Price T Rowe Associates Inc. MD boosted its holdings in Honeywell International by 22.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,587,718 shares of the conglomerate’s stock worth $1,967,880,000 after buying an additional 1,746,759 shares during the last quarter. Natixis increased its stake in Honeywell International by 184.8% during the 1st quarter. Natixis now owns 838,716 shares of the conglomerate’s stock worth $172,146,000 after buying an additional 544,175 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Honeywell International by 12.4% during the second quarter. Dimensional Fund Advisors LP now owns 2,950,562 shares of the conglomerate’s stock valued at $630,086,000 after acquiring an additional 325,272 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its position in shares of Honeywell International by 3.9% in the second quarter. Ameriprise Financial Inc. now owns 8,365,840 shares of the conglomerate’s stock valued at $1,786,449,000 after acquiring an additional 310,807 shares in the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Stock Performance

NASDAQ:HON opened at $218.96 on Thursday. The company’s 50-day moving average is $204.66 and its two-hundred day moving average is $204.51. The firm has a market capitalization of $142.58 billion, a price-to-earnings ratio of 25.37, a PEG ratio of 2.45 and a beta of 1.03. 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.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings data on Thursday, July 25th. The conglomerate reported $2.49 earnings per share 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 company had revenue of $9.58 billion during the quarter, compared to analyst estimates of $9.41 billion. During the same period in the prior year, the business posted $2.23 earnings per share. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. Analysts forecast that Honeywell International Inc. will post 10.1 EPS for the current year.

Honeywell International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be issued a $1.13 dividend. This is a positive change from Honeywell International’s previous quarterly dividend of $1.08. This represents a $4.52 annualized dividend and a yield of 2.06%. The ex-dividend date of this dividend is Friday, November 15th. Honeywell International’s payout ratio is 52.38%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on HON. Morgan Stanley started coverage on Honeywell International in a research report on Friday, September 6th. They set an “equal weight” rating and a $210.00 price target for the company. Royal Bank of Canada reiterated a “sector perform” rating and issued a $214.00 target price on shares of Honeywell International in a research report on Thursday, September 26th. Wells Fargo & Company decreased their price target on shares of Honeywell International from $215.00 to $207.00 and set an “equal weight” rating on the stock in a research note on Monday, October 7th. JPMorgan Chase & Co. cut shares of Honeywell International from an “overweight” rating to a “neutral” rating and upped their price objective for the company from $225.00 to $235.00 in a research note on Thursday, October 10th. Finally, StockNews.com lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a research note on Friday, August 30th. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $223.56.

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.