Ewa LLC lifted its stake in shares of Honeywell International Inc. (NASDAQ:HON – Free Report) by 7.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,058 shares of the conglomerate’s stock after acquiring an additional 70 shares during the quarter. Ewa LLC’s holdings in Honeywell International were worth $246,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of HON. Pandora Wealth Inc. purchased a new position in shares of Honeywell International during the first quarter worth approximately $33,000. 1248 Management LLC purchased a new position in shares of Honeywell International during the first quarter worth approximately $38,000. Dogwood Wealth Management LLC boosted its stake in shares of Honeywell International by 143.9% during the second quarter. Dogwood Wealth Management LLC now owns 161 shares of the conglomerate’s stock valued at $39,000 after purchasing an additional 95 shares in the last quarter. Stone House Investment Management LLC bought a new position in shares of Honeywell International during the first quarter valued at approximately $41,000. Finally, Quarry LP bought a new position in shares of Honeywell International during the first quarter valued at approximately $41,000. 75.91% of the stock is owned by hedge funds and other institutional investors.
Honeywell International Trading Down 0.2%
NASDAQ:HON opened at $210.18 on Thursday. Honeywell International Inc. has a 12 month low of $179.36 and a 12 month high of $242.77. The firm has a fifty day simple moving average of $216.20 and a 200-day simple moving average of $217.34. The company has a current ratio of 1.29, a quick ratio of 0.97 and a debt-to-equity ratio of 1.81. The company has a market capitalization of $133.44 billion, a P/E ratio of 23.91, a PEG ratio of 2.38 and a beta of 1.06.
Honeywell International Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 14th will be paid a dividend of $1.19 per share. The ex-dividend date is Friday, November 14th. This is an increase from Honeywell International’s previous quarterly dividend of $1.13. This represents a $4.76 annualized dividend and a dividend yield of 2.3%. Honeywell International’s payout ratio is presently 51.42%.
Insider Activity at Honeywell International
In other news, CEO Lucian Boldea sold 42,149 shares of Honeywell International stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $221.58, for a total transaction of $9,339,375.42. Following the completion of the sale, the chief executive officer directly owned 10,334 shares in the company, valued at approximately $2,289,807.72. The trade was a 80.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.20% of the company’s stock.
Analyst Ratings Changes
A number of equities analysts have recently issued reports on the stock. Citigroup increased their price objective on shares of Honeywell International from $242.00 to $265.00 and gave the company a “buy” rating in a research note on Wednesday, June 4th. Barclays increased their price objective on shares of Honeywell International from $258.00 to $265.00 and gave the company an “overweight” rating in a research note on Wednesday, July 9th. Royal Bank Of Canada lowered their target price on shares of Honeywell International from $254.00 to $253.00 and set a “sector perform” rating for the company in a research note on Friday, July 25th. Morgan Stanley raised their target price on shares of Honeywell International from $225.00 to $245.00 and gave the company an “equal weight” rating in a research note on Monday, July 28th. Finally, Wells Fargo & Company lowered their target price on shares of Honeywell International from $240.00 to $230.00 and set an “equal weight” rating for the company in a research note on Friday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $254.00.
About Honeywell International
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.
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