Squar Milner Financial Services LLC increased its stake in Honeywell International Inc. (NYSE:HON) by 91.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,028 shares of the conglomerate’s stock after purchasing an additional 967 shares during the quarter. Squar Milner Financial Services LLC’s holdings in Honeywell International were worth $354,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of HON. Fishman Jay A Ltd. MI boosted its holdings in Honeywell International by 3.8% in the fourth quarter. Fishman Jay A Ltd. MI now owns 38,440 shares of the conglomerate’s stock worth $5,079,000 after purchasing an additional 1,390 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Honeywell International by 5.3% during the 4th quarter. Geode Capital Management LLC now owns 9,444,396 shares of the conglomerate’s stock worth $1,245,566,000 after acquiring an additional 478,988 shares during the last quarter. Semmax Financial Advisors Inc. purchased a new position in shares of Honeywell International during the 4th quarter worth $33,000. Foresters Investment Management Company Inc. boosted its stake in shares of Honeywell International by 1.1% during the 4th quarter. Foresters Investment Management Company Inc. now owns 284,437 shares of the conglomerate’s stock worth $37,580,000 after acquiring an additional 3,200 shares during the last quarter. Finally, Polar Capital LLP boosted its stake in shares of Honeywell International by 30.4% during the 4th quarter. Polar Capital LLP now owns 55,940 shares of the conglomerate’s stock worth $7,391,000 after acquiring an additional 13,052 shares during the last quarter. Institutional investors own 76.90% of the company’s stock.
Shares of HON traded down $5.19 during trading hours on Monday, reaching $162.82. 131,118 shares of the stock traded hands, compared to its average volume of 2,244,182. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.96 and a current ratio of 1.19. Honeywell International Inc. has a 52-week low of $123.48 and a 52-week high of $178.47. The company’s 50-day simple moving average is $174.36. The company has a market capitalization of $120.88 billion, a P/E ratio of 20.34, a P/E/G ratio of 2.24 and a beta of 1.09.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Friday, August 16th will be issued a $0.82 dividend. The ex-dividend date is Thursday, August 15th. This represents a $3.28 dividend on an annualized basis and a yield of 2.01%. Honeywell International’s dividend payout ratio is currently 40.95%.
Several research analysts have recently weighed in on the stock. Credit Suisse Group lifted their price target on shares of Honeywell International from $185.00 to $187.00 and gave the stock an “outperform” rating in a research note on Friday, July 19th. Morgan Stanley lifted their price target on shares of Honeywell International from $183.00 to $188.00 and gave the stock an “overweight” rating in a research note on Friday, July 19th. Barclays lifted their target price on shares of Honeywell International from $186.00 to $187.00 and gave the company an “overweight” rating in a research note on Friday, July 19th. Zacks Investment Research upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and set a $182.00 target price on the stock in a research note on Monday, July 22nd. Finally, Cowen restated a “buy” rating and set a $180.00 target price on shares of Honeywell International in a research note on Friday. Three investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $184.08.
In other Honeywell International news, CEO Vimal Kapur sold 5,000 shares of Honeywell International stock in a transaction on Monday, May 20th. The shares were sold at an average price of $169.58, for a total value of $847,900.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.73% of the company’s stock.
Honeywell International Company Profile
Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its Aerospace segment supplies products, software, and services for aircrafts and vehicles. This 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 connected solutions and data services for the aftermarket, as well as provides wireless connectivity and management and technical services.
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