Graypoint LLC Increases Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

Graypoint LLC raised its holdings in Honeywell International Inc. (NASDAQ:HON) by 17.0% in the second quarter, HoldingsChannel reports. The institutional investor owned 4,016 shares of the conglomerate’s stock after acquiring an additional 583 shares during the quarter. Graypoint LLC’s holdings in Honeywell International were worth $858,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. LGT Group Foundation purchased a new position in shares of Honeywell International in the 1st quarter valued at approximately $26,000. Altshuler Shaham Ltd purchased a new position in shares of Honeywell International in the fourth quarter worth $27,000. Scarborough Advisors LLC acquired a new stake in shares of Honeywell International during the fourth quarter worth $27,000. Richardson Capital Management LLC purchased a new stake in shares of Honeywell International during the first quarter valued at $35,000. Finally, Financial Connections Group Inc. acquired a new position in shares of Honeywell International in the 2nd quarter valued at $38,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on HON. Wells Fargo & Company lowered their price target on Honeywell International from $220.00 to $215.00 and set an “equal weight” rating for the company in a research report on Friday, July 26th. Citigroup upped their target price on Honeywell International from $243.00 to $244.00 and gave the company a “buy” rating in a research report on Tuesday, June 4th. StockNews.com lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Friday. UBS Group raised shares of Honeywell International from a “sell” rating to a “neutral” rating and upped their price objective for the company from $175.00 to $215.00 in a report on Monday, June 10th. Finally, Daiwa America upgraded shares of Honeywell International to a “moderate buy” rating in a research note on Wednesday, June 5th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Honeywell International presently has a consensus rating of “Hold” and an average target price of $225.00.

Honeywell International Stock Performance

Shares of NASDAQ:HON traded up $0.40 during trading on Friday, hitting $207.91. 1,923,464 shares of the stock traded hands, compared to its average volume of 2,762,533. The company has a quick ratio of 0.91, a current ratio of 1.21 and a debt-to-equity ratio of 1.19. The company has a fifty day moving average price of $207.45 and a two-hundred day moving average price of $202.93. Honeywell International Inc. has a 52-week low of $174.88 and a 52-week high of $220.79. The company has a market cap of $135.07 billion, a price-to-earnings ratio of 24.09, a P/E/G ratio of 2.37 and a beta of 1.04.

Honeywell International (NASDAQ:HON) last released its quarterly earnings results on Thursday, July 25th. The conglomerate reported $2.49 earnings per share for the quarter, topping analysts’ consensus estimates of $2.42 by $0.07. Honeywell International had a return on equity of 36.87% and a net margin of 15.49%. The company had revenue of $9.58 billion during the quarter, compared to analysts’ expectations of $9.41 billion. During the same quarter in the prior year, the firm posted $2.23 EPS. Honeywell International’s quarterly revenue was up 4.7% compared to the same quarter last year. As a group, equities analysts predict that Honeywell International Inc. will post 10.12 EPS for the current year.

Honeywell International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Stockholders of record on Friday, August 16th will be given a $1.08 dividend. The ex-dividend date is Friday, August 16th. This represents a $4.32 annualized dividend and a dividend yield of 2.08%. Honeywell International’s dividend payout ratio (DPR) is 50.06%.

Honeywell International Profile

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.