ABLE Financial Group LLC Has $246,000 Stock Position in Honeywell International Inc. (NASDAQ:HON)

ABLE Financial Group LLC grew its position in Honeywell International Inc. (NASDAQ:HON) by 8.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,154 shares of the conglomerate’s stock after purchasing an additional 86 shares during the period. ABLE Financial Group LLC’s holdings in Honeywell International were worth $246,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. GUNN & Co INVESTMENT MANAGEMENT INC. acquired a new position in Honeywell International during the 4th quarter valued at about $325,000. Valmark Advisers Inc. boosted its holdings in Honeywell International by 8.3% in the fourth quarter. Valmark Advisers Inc. now owns 4,697 shares of the conglomerate’s stock worth $985,000 after purchasing an additional 358 shares during the last quarter. Intellectus Partners LLC raised its position in shares of Honeywell International by 2.4% during the 4th quarter. Intellectus Partners LLC now owns 9,950 shares of the conglomerate’s stock valued at $2,087,000 after purchasing an additional 234 shares during the period. Legacy Capital Wealth Partners LLC increased its holdings in Honeywell International by 10.8% in the 4th quarter. Legacy Capital Wealth Partners LLC now owns 1,239 shares of the conglomerate’s stock valued at $260,000 after acquiring an additional 121 shares during the last quarter. Finally, HHM Wealth Advisors LLC increased its holdings in shares of Honeywell International by 14.4% in the 4th quarter. HHM Wealth Advisors LLC now owns 954 shares of the conglomerate’s stock worth $200,000 after buying an additional 120 shares during the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Stock Performance

HON stock traded down $1.12 during trading on Wednesday, reaching $204.99. The stock had a trading volume of 2,147,907 shares, compared to its average volume of 2,899,308. The company has a current ratio of 1.21, a quick ratio of 0.91 and a debt-to-equity ratio of 1.19. The stock’s 50 day moving average is $208.02 and its two-hundred day moving average is $202.67. The firm has a market cap of $133.49 billion, a PE ratio of 23.77, a PEG ratio of 2.32 and a beta of 1.04. Honeywell International Inc. has a 52 week low of $174.88 and a 52 week high of $220.79.

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

Honeywell International Announces Dividend

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 given a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date of this dividend is Friday, August 16th. Honeywell International’s dividend payout ratio (DPR) is currently 50.06%.

Analyst Ratings Changes

Several analysts have recently commented on HON shares. StockNews.com raised shares of Honeywell International from a “hold” rating to a “buy” rating in a report on Thursday, August 22nd. Daiwa America upgraded shares of Honeywell International to a “moderate buy” rating in a report on Wednesday, June 5th. Wells Fargo & Company decreased 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 lifted their price objective on shares of Honeywell International from $243.00 to $244.00 and gave the stock a “buy” rating in a report on Tuesday, June 4th. Finally, Royal Bank of Canada cut 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. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $225.00.

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.