Diversified LLC Purchases New Position in Honeywell International Inc. (NASDAQ:HON)

Diversified LLC acquired a new position in Honeywell International Inc. (NASDAQ:HON) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 2,250 shares of the conglomerate’s stock, valued at approximately $480,000.

Other large investors have also recently made changes to their positions in the company. LGT Group Foundation bought a new position in Honeywell International in the first quarter worth $26,000. Altshuler Shaham Ltd purchased a new position in Honeywell International during the 4th quarter valued at about $27,000. Scarborough Advisors LLC bought a new stake in Honeywell International during the fourth quarter worth about $27,000. Richardson Capital Management LLC purchased a new stake in Honeywell International in the first quarter worth about $35,000. Finally, Pathway Financial Advisers LLC bought a new position in shares of Honeywell International during the first quarter valued at approximately $39,000. 75.91% of the stock is currently owned by institutional investors.

Honeywell International Price Performance

Shares of HON stock traded up $2.34 during trading hours on Friday, hitting $202.48. The stock had a trading volume of 2,947,444 shares, compared to its average volume of 2,912,915. The stock’s 50-day moving average price is $208.19 and its two-hundred day moving average price is $202.47. Honeywell International Inc. has a one year low of $174.88 and a one year high of $220.79. The stock has a market capitalization of $131.85 billion, a price-to-earnings ratio of 23.46, a PEG ratio of 2.32 and a beta of 1.04. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.21 and a quick ratio of 0.91.

Honeywell International (NASDAQ:HON) last released its quarterly earnings data on Thursday, July 25th. The conglomerate reported $2.49 EPS for the quarter, beating the consensus estimate of $2.42 by $0.07. The business had revenue of $9.58 billion during the quarter, compared to analyst estimates of $9.41 billion. Honeywell International had a net margin of 15.49% and a return on equity of 36.87%. Honeywell International’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the business earned $2.23 earnings per share. Equities analysts forecast that Honeywell International Inc. will post 10.14 EPS for the current year.

Honeywell International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Stockholders of record on Friday, August 16th will be issued a $1.08 dividend. The ex-dividend date of this dividend is Friday, August 16th. This represents a $4.32 annualized dividend and a dividend yield of 2.13%. Honeywell International’s dividend payout ratio (DPR) is presently 50.06%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on HON shares. Wells Fargo & Company dropped their price target on shares of Honeywell International from $220.00 to $215.00 and set an “equal weight” rating on the stock in a research note on Friday, July 26th. Citigroup increased their price target on shares of Honeywell International from $243.00 to $244.00 and gave the company a “buy” rating in a report on Tuesday, June 4th. Royal Bank of Canada reduced their price target on shares of Honeywell International from $218.00 to $214.00 and set a “sector perform” rating for the company in a research report on Friday, July 26th. Daiwa America raised Honeywell International to a “moderate buy” rating in a research report on Wednesday, June 5th. Finally, StockNews.com raised Honeywell International from a “hold” rating to a “buy” rating in a report on Thursday. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $225.00.

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.