Nottingham Advisors Inc. Buys New Shares in Honeywell International Inc. (NASDAQ:HON)

Nottingham Advisors Inc. bought a new stake in Honeywell International Inc. (NASDAQ:HON) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,179 shares of the conglomerate’s stock, valued at approximately $252,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. LGT Group Foundation bought a new position in shares of Honeywell International in the first quarter valued at $26,000. Scarborough Advisors LLC bought a new position in Honeywell International during the fourth quarter worth $27,000. Altshuler Shaham Ltd bought a new position in Honeywell International during the fourth quarter worth $27,000. Richardson Capital Management LLC bought a new position in Honeywell International during the first quarter worth $35,000. Finally, Financial Connections Group Inc. bought a new position in Honeywell International during the second quarter worth $38,000. 75.91% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on HON shares. UBS Group raised shares of Honeywell International from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $175.00 to $215.00 in a research report on Monday, June 10th. 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 research report on Tuesday, June 4th. Royal Bank of Canada dropped their target price on Honeywell International from $218.00 to $214.00 and set a “sector perform” rating for the company in a report on Friday, July 26th. Wells Fargo & Company dropped their target price on Honeywell International from $220.00 to $215.00 and set an “equal weight” rating for the company in a report on Friday, July 26th. Finally, StockNews.com downgraded Honeywell International from a “buy” rating to a “hold” rating in a report on Friday, August 30th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Honeywell International presently has a consensus rating of “Hold” and an average target price of $225.00.

Honeywell International Price Performance

HON stock traded down $2.76 during midday trading on Thursday, reaching $202.78. The company had a trading volume of 249,574 shares, compared to its average volume of 2,864,413. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.21 and a quick ratio of 0.91. The company has a market capitalization of $132.05 billion, a price-to-earnings ratio of 23.82, a price-to-earnings-growth ratio of 2.37 and a beta of 1.04. Honeywell International Inc. has a 1-year low of $174.88 and a 1-year high of $220.79. The stock has a 50 day moving average price of $206.95 and a 200-day moving average price of $203.13.

Honeywell International (NASDAQ:HON) last issued its earnings results on Thursday, July 25th. The conglomerate reported $2.49 EPS for the quarter, topping the consensus estimate of $2.42 by $0.07. The firm had revenue of $9.58 billion during 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 quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.23 earnings per share. Equities research analysts expect that Honeywell International Inc. will post 10.12 earnings per share for the current year.

Honeywell International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Stockholders of record on Friday, August 16th will be issued a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a dividend yield of 2.13%. The ex-dividend date is Friday, August 16th. Honeywell International’s dividend payout ratio (DPR) is currently 50.06%.

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.