Northwest Investment Counselors LLC grew its holdings in Honeywell International Inc. (NYSE:HON) by 0.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,164 shares of the conglomerate’s stock after purchasing an additional 65 shares during the quarter. Honeywell International comprises approximately 1.1% of Northwest Investment Counselors LLC’s portfolio, making the stock its 24th largest holding. Northwest Investment Counselors LLC’s holdings in Honeywell International were worth $2,997,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in HON. B. Riley Wealth Management Inc. raised its position in shares of Honeywell International by 4.9% during the 1st quarter. B. Riley Wealth Management Inc. now owns 26,317 shares of the conglomerate’s stock valued at $4,182,000 after buying an additional 1,220 shares during the period. Rockland Trust Co. grew its stake in shares of Honeywell International by 10.5% during the second quarter. Rockland Trust Co. now owns 2,338 shares of the conglomerate’s stock worth $408,000 after purchasing an additional 222 shares in the last quarter. Berkshire Asset Management LLC PA grew its stake in shares of Honeywell International by 0.4% during the first quarter. Berkshire Asset Management LLC PA now owns 153,404 shares of the conglomerate’s stock worth $24,379,000 after purchasing an additional 578 shares in the last quarter. M Holdings Securities Inc. lifted its position in Honeywell International by 32.4% in the first quarter. M Holdings Securities Inc. now owns 22,079 shares of the conglomerate’s stock valued at $3,509,000 after acquiring an additional 5,407 shares during the last quarter. Finally, Autus Asset Management LLC lifted its position in Honeywell International by 0.8% in the second quarter. Autus Asset Management LLC now owns 52,223 shares of the conglomerate’s stock valued at $9,116,000 after acquiring an additional 433 shares during the last quarter. 76.90% of the stock is currently owned by institutional investors and hedge funds.
A number of equities research analysts recently weighed in on the stock. Zacks Investment Research raised shares of Honeywell International from a “hold” rating to a “buy” rating and set a $182.00 price target for the company in a research report on Monday, July 22nd. Cowen reaffirmed a “buy” rating and issued a $180.00 target price on shares of Honeywell International in a report on Friday. Credit Suisse Group upped their target price on shares of Honeywell International from $185.00 to $187.00 and gave the company an “outperform” rating in a report on Friday, July 19th. Deutsche Bank upped their target price on shares of Honeywell International from $174.00 to $187.00 and gave the company a “buy” rating in a report on Monday, April 22nd. Finally, Barclays upped their target price on shares of Honeywell International from $186.00 to $187.00 and gave the company an “overweight” rating in a report on Friday, July 19th. Four investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $184.08.
Shares of NYSE:HON traded up $2.06 on Tuesday, reaching $164.07. The company’s stock had a trading volume of 178,433 shares, compared to its average volume of 2,291,472. The business has a 50-day moving average price of $173.96. Honeywell International Inc. has a 52-week low of $123.48 and a 52-week high of $178.47. The company has a quick ratio of 0.96, a current ratio of 1.19 and a debt-to-equity ratio of 0.48. The company has a market cap of $118.36 billion, a PE ratio of 20.46, a P/E/G ratio of 2.24 and a beta of 1.09.
Honeywell International (NYSE:HON) last announced its earnings results on Thursday, July 18th. The conglomerate reported $2.10 EPS for the quarter, beating analysts’ consensus estimates of $2.08 by $0.02. The business had revenue of $9.24 billion during the quarter, compared to analysts’ expectations of $9.37 billion. Honeywell International had a net margin of 18.17% and a return on equity of 32.02%. The business’s revenue was down 15.3% compared to the same quarter last year. During the same period in the prior year, the company earned $2.12 earnings per share. On average, sell-side analysts forecast that Honeywell International Inc. will post 8.1 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Friday, August 16th will be issued a dividend of $0.82 per share. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $3.28 annualized dividend and a yield of 2.00%. Honeywell International’s dividend payout ratio is currently 40.95%.
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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