Ropes Wealth Advisors LLC lifted its position in shares of Honeywell International Inc. (NYSE:HON) by 5.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,499 shares of the conglomerate’s stock after buying an additional 132 shares during the period. Ropes Wealth Advisors LLC’s holdings in Honeywell International were worth $436,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. B. Riley Wealth Management Inc. increased its stake in Honeywell International by 4.9% in the 1st quarter. B. Riley Wealth Management Inc. now owns 26,317 shares of the conglomerate’s stock worth $4,182,000 after purchasing an additional 1,220 shares during the period. Ibex Wealth Advisors purchased a new position in Honeywell International in the 2nd quarter worth approximately $142,000. Rockland Trust Co. increased its stake in Honeywell International by 10.5% in the 2nd quarter. Rockland Trust Co. now owns 2,338 shares of the conglomerate’s stock worth $408,000 after purchasing an additional 222 shares during the period. Westside Investment Management Inc. purchased a new position in Honeywell International in the 2nd quarter worth approximately $48,000. Finally, Commerzbank Aktiengesellschaft FI increased its stake in Honeywell International by 513.9% in the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 26,945 shares of the conglomerate’s stock worth $4,704,000 after purchasing an additional 22,556 shares during the period. 77.29% of the stock is currently owned by institutional investors.
Shares of HON stock traded up $0.27 during trading hours on Wednesday, reaching $165.23. The company’s stock had a trading volume of 508,280 shares, compared to its average volume of 2,711,290. The company has a market capitalization of $119.92 billion, a PE ratio of 20.63, a P/E/G ratio of 2.22 and a beta of 1.09. Honeywell International Inc. has a one year low of $123.48 and a one year high of $178.47. The business’s fifty day moving average is $172.62. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.19 and a quick ratio of 0.96.
Honeywell International (NYSE:HON) last issued its quarterly earnings data on Thursday, July 18th. The conglomerate reported $2.10 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.08 by $0.02. The firm had revenue of $9.24 billion for the quarter, compared to analyst estimates of $9.37 billion. Honeywell International had a return on equity of 32.02% and a net margin of 18.17%. The business’s quarterly revenue was down 15.3% compared to the same quarter last year. During the same period last year, the company earned $2.12 EPS. Analysts expect that Honeywell International Inc. will post 8.1 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 6th. Stockholders of record on Friday, August 16th will be given a $0.82 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 1.99%. Honeywell International’s dividend payout ratio is currently 40.95%.
In other news, CEO Vimal Kapur sold 5,000 shares of Honeywell International stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $169.58, for a total value of $847,900.00. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.73% of the stock is currently owned by company insiders.
HON has been the topic of a number of analyst reports. Royal Bank of Canada set a $177.00 price target on Honeywell International and gave the stock a “buy” rating in a research note on Friday, July 19th. Cowen reaffirmed a “buy” rating and issued a $180.00 price target on shares of Honeywell International in a research note on Friday, August 2nd. Deutsche Bank lifted their price target on Honeywell International from $174.00 to $187.00 and gave the stock a “buy” rating in a research note on Monday, April 22nd. Citigroup set a $197.00 price target on Honeywell International and gave the stock a “buy” rating in a research note on Friday, July 19th. Finally, Barclays lifted their price target on Honeywell International from $186.00 to $187.00 and gave the stock an “overweight” rating in a research note on Friday, July 19th. Four research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. Honeywell International has an average rating of “Buy” and an average target price of $184.08.
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.
Featured Story: The Role of a Fiduciary and Individual Investors
Want to see what other hedge funds are holding HON? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Honeywell International Inc. (NYSE:HON).
Receive News & Ratings for Honeywell International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Honeywell International and related companies with MarketBeat.com's FREE daily email newsletter.