Values Added Financial LLC Takes Position in Honeywell International Inc. (NASDAQ:HON)

Values Added Financial LLC purchased a new stake in Honeywell International Inc. (NASDAQ:HON) during the second quarter, HoldingsChannel.com reports. The fund purchased 945 shares of the conglomerate’s stock, valued at approximately $202,000.

A number of other institutional investors and hedge funds have also bought and sold shares of HON. LGT Group Foundation acquired a new stake in shares of Honeywell International in the 1st quarter valued at $26,000. Scarborough Advisors LLC acquired a new stake in shares of Honeywell International in the 4th quarter valued at $27,000. Altshuler Shaham Ltd acquired a new stake in shares of Honeywell International in the 4th quarter valued at $27,000. Richardson Capital Management LLC acquired a new stake in shares of Honeywell International in the 1st quarter valued at $35,000. Finally, Financial Connections Group Inc. acquired a new stake in shares of Honeywell International in the 2nd quarter valued at $38,000. Institutional investors own 75.91% of the company’s stock.

Honeywell International Trading Up 0.2 %

NASDAQ:HON traded up $0.40 on Friday, hitting $207.91. 1,923,464 shares of the stock were exchanged, compared to its average volume of 2,891,480. The stock has a market capitalization of $135.39 billion, a price-to-earnings ratio of 24.09, a P/E/G 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. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.91 and a current ratio of 1.21. The company’s 50-day moving average price is $207.60 and its 200 day moving average price is $202.80.

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

Honeywell International Announces Dividend

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

Analyst Ratings Changes

Several brokerages recently issued reports on HON. 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 on the stock in a research report on Friday, July 26th. Daiwa America upgraded shares of Honeywell International to a “moderate buy” rating in a research report on Wednesday, June 5th. Citigroup upped 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. StockNews.com downgraded shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Friday. Finally, Wells Fargo & Company reduced 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 report on Friday, July 26th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus 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.