DMC Group LLC Raises Holdings in Honeywell International Inc. (NASDAQ:HON)

DMC Group LLC increased its position in Honeywell International Inc. (NASDAQ:HON) by 1.9% in the 3rd quarter, HoldingsChannel reports. The fund owned 2,986 shares of the conglomerate’s stock after purchasing an additional 57 shares during the period. DMC Group LLC’s holdings in Honeywell International were worth $617,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. LGT Group Foundation bought a new stake in shares of Honeywell International in the first quarter valued at approximately $26,000. Richardson Capital Management LLC bought a new stake in Honeywell International during the 1st quarter valued at $35,000. Financial Connections Group Inc. bought a new stake in Honeywell International during the 2nd quarter valued at $38,000. Pathway Financial Advisers LLC purchased a new stake in shares of Honeywell International during the first quarter worth $39,000. Finally, New Covenant Trust Company N.A. bought a new position in shares of Honeywell International in the first quarter worth $42,000. 75.91% of the stock is currently owned by institutional investors.

Honeywell International Trading Up 1.1 %

NASDAQ HON opened at $222.02 on Friday. 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 stock’s 50-day simple moving average is $205.53 and its two-hundred day simple moving average is $204.79. Honeywell International Inc. has a twelve month low of $174.88 and a twelve month high of $222.07. The company has a market capitalization of $144.58 billion, a price-to-earnings ratio of 25.73, a PEG ratio of 2.45 and a beta of 1.03.

Honeywell International (NASDAQ:HON) last announced 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 firm had revenue of $9.58 billion for the quarter, compared to analyst estimates of $9.41 billion. Honeywell International had a return on equity of 36.87% and a net margin of 15.49%. The company’s revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the company earned $2.23 EPS. Research analysts forecast that Honeywell International Inc. will post 10.1 EPS for the current fiscal year.

Honeywell International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be issued a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.04%. This is a positive change from Honeywell International’s previous quarterly dividend of $1.08. The ex-dividend date is Friday, November 15th. Honeywell International’s payout ratio is presently 52.38%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on HON. Wells Fargo & Company decreased their price objective on Honeywell International from $215.00 to $207.00 and set an “equal weight” rating on the stock in a research note on Monday, October 7th. Morgan Stanley assumed coverage on Honeywell International in a research report on Friday, September 6th. They set an “equal weight” rating and a $210.00 price target on the stock. StockNews.com lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Friday, August 30th. JPMorgan Chase & Co. cut shares of Honeywell International from an “overweight” rating to a “neutral” rating and increased their target price for the stock from $225.00 to $235.00 in a research note on Thursday, October 10th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $214.00 price target on shares of Honeywell International in a research report on Thursday, September 26th. Seven analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $223.56.

Honeywell International Company 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.