Honeywell International Inc. (NASDAQ:HON) Shares Bought by Octavia Wealth Advisors LLC

Octavia Wealth Advisors LLC lifted its holdings in Honeywell International Inc. (NASDAQ:HON) by 6.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,288 shares of the conglomerate’s stock after acquiring an additional 78 shares during the period. Octavia Wealth Advisors LLC’s holdings in Honeywell International were worth $275,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Naviter Wealth LLC grew its holdings in Honeywell International by 9.1% during the 2nd quarter. Naviter Wealth LLC now owns 12,005 shares of the conglomerate’s stock valued at $2,564,000 after purchasing an additional 998 shares in the last quarter. Magnus Financial Group LLC grew its holdings in Honeywell International by 7.9% during the 2nd quarter. Magnus Financial Group LLC now owns 8,752 shares of the conglomerate’s stock valued at $1,869,000 after purchasing an additional 638 shares in the last quarter. Fiera Capital Corp boosted its stake in Honeywell International by 10.7% during the 2nd quarter. Fiera Capital Corp now owns 12,499 shares of the conglomerate’s stock valued at $2,669,000 after acquiring an additional 1,204 shares during the last quarter. Rockline Wealth Management LLC bought a new position in Honeywell International during the 2nd quarter valued at $327,000. Finally, Versor Investments LP bought a new position in Honeywell International during the 2nd quarter valued at $683,000. 75.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have commented on HON. Royal Bank of Canada reduced their price objective on shares of Honeywell International from $218.00 to $214.00 and set a “sector perform” rating on the stock in a research note on Friday, July 26th. StockNews.com downgraded shares of Honeywell International from a “buy” rating to a “hold” rating in a research note on Friday, August 30th. Wells Fargo & Company reduced their price objective 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 raised their price target on shares of Honeywell International from $243.00 to $244.00 and gave the stock a “buy” rating in a research report on Tuesday, June 4th. Finally, UBS Group upgraded shares of Honeywell International from a “sell” rating to a “neutral” rating and raised their price target for the stock from $175.00 to $215.00 in a research report on Monday, June 10th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $225.00.

Honeywell International Stock Down 1.5 %

HON stock opened at $204.86 on Wednesday. The company has a quick ratio of 0.91, a current ratio of 1.21 and a debt-to-equity ratio of 1.19. Honeywell International Inc. has a fifty-two week low of $174.88 and a fifty-two week high of $220.79. The firm’s 50-day simple moving average is $207.10 and its 200 day simple moving average is $203.11. The stock has a market cap of $133.40 billion, a PE ratio of 23.74, a price-to-earnings-growth ratio of 2.37 and a beta of 1.04.

Honeywell International (NASDAQ:HON) last released its quarterly earnings data 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 net margin of 15.49% and a return on equity of 36.87%. The business had revenue of $9.58 billion for the quarter, compared to analysts’ expectations of $9.41 billion. During the same quarter last year, the company earned $2.23 EPS. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. As a group, sell-side 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. Shareholders of record on Friday, August 16th will be paid a dividend of $1.08 per share. The ex-dividend date is Friday, August 16th. This represents a $4.32 annualized dividend and a yield of 2.11%. Honeywell International’s payout ratio 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.