Sand Hill Global Advisors LLC boosted its stake in Honeywell International Inc. (NASDAQ:HON – Free Report) by 0.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 36,785 shares of the conglomerate’s stock after acquiring an additional 260 shares during the period. Sand Hill Global Advisors LLC’s holdings in Honeywell International were worth $7,030,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in HON. Ironwood Wealth Management LLC. boosted its holdings in Honeywell International by 2.9% in the first quarter. Ironwood Wealth Management LLC. now owns 3,598 shares of the conglomerate’s stock valued at $700,000 after acquiring an additional 100 shares in the last quarter. Fairfield Bush & CO. lifted its position in Honeywell International by 5.4% during the first quarter. Fairfield Bush & CO. now owns 9,581 shares of the conglomerate’s stock valued at $1,864,000 after buying an additional 492 shares during the period. United Bank lifted its position in Honeywell International by 25.0% during the first quarter. United Bank now owns 8,404 shares of the conglomerate’s stock valued at $1,635,000 after buying an additional 1,683 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its position in Honeywell International by 31.7% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 780,906 shares of the conglomerate’s stock valued at $151,949,000 after buying an additional 187,936 shares during the period. Finally, AMI Investment Management Inc. lifted its position in Honeywell International by 16.8% during the first quarter. AMI Investment Management Inc. now owns 1,149 shares of the conglomerate’s stock valued at $224,000 after buying an additional 165 shares during the period. Institutional investors own 74.61% of the company’s stock.
Analysts Set New Price Targets
HON has been the subject of several recent research reports. Morgan Stanley raised their price objective on Honeywell International from $219.00 to $221.00 in a research report on Friday, July 28th. UBS Group lowered their price objective on Honeywell International from $185.00 to $180.00 and set a “sell” rating for the company in a research report on Friday, July 28th. Finally, StockNews.com initiated coverage on Honeywell International in a research report on Monday, August 21st. They set a “hold” rating for the company. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Honeywell International has a consensus rating of “Hold” and an average target price of $215.07.
Honeywell International Price Performance
Shares of NASDAQ:HON opened at $184.52 on Friday. Honeywell International Inc. has a fifty-two week low of $166.63 and a fifty-two week high of $220.96. The business has a 50-day simple moving average of $193.67 and a two-hundred day simple moving average of $195.26. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.07 and a current ratio of 1.41. The firm has a market cap of $122.51 billion, a price-to-earnings ratio of 22.84, a price-to-earnings-growth ratio of 2.25 and a beta of 1.07.
Honeywell International (NASDAQ:HON – Get Free Report) last issued its earnings results on Thursday, July 27th. The conglomerate reported $2.23 earnings per share for the quarter, topping analysts’ consensus estimates of $2.20 by $0.03. Honeywell International had a return on equity of 34.46% and a net margin of 15.08%. The business had revenue of $9.10 billion during the quarter, compared to analyst estimates of $9.17 billion. During the same quarter in the previous year, the firm earned $2.10 EPS. Honeywell International’s revenue was up 1.6% on a year-over-year basis. On average, analysts expect that Honeywell International Inc. will post 9.16 earnings per share for the current year.
Honeywell International Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Friday, August 11th were given a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date of this dividend was Thursday, August 10th. Honeywell International’s dividend payout ratio (DPR) is 50.99%.
About Honeywell International
Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its 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 and management services.
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