Mystic Asset Management Inc. Boosts Holdings in Honeywell International Inc. (NASDAQ:HON)

Mystic Asset Management Inc. boosted its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 4.2% during the second quarter, Holdings Channel.com reports. The institutional investor owned 8,537 shares of the conglomerate’s stock after buying an additional 345 shares during the period. Mystic Asset Management Inc.’s holdings in Honeywell International were worth $1,823,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. LGT Group Foundation acquired a new stake in shares of Honeywell International in the first quarter valued at $26,000. Scarborough Advisors LLC purchased a new stake in Honeywell International during the 4th quarter worth about $27,000. Richardson Capital Management LLC acquired a new stake in Honeywell International in the 1st quarter valued at about $35,000. Financial Connections Group Inc. purchased a new position in shares of Honeywell International in the 2nd quarter valued at about $38,000. Finally, Pathway Financial Advisers LLC acquired a new position in shares of Honeywell International during the first quarter worth about $39,000. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Stock Down 0.3 %

HON opened at $204.15 on Friday. The stock has a market capitalization of $132.63 billion, a P/E ratio of 23.66, a price-to-earnings-growth ratio of 2.32 and a beta of 1.03. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.91 and a current ratio of 1.21. Honeywell International Inc. has a one year low of $174.88 and a one year high of $220.79. The business’s 50-day simple moving average is $205.48 and its 200-day simple moving average is $203.28.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings data on Thursday, July 25th. The conglomerate reported $2.49 earnings per share 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%. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.23 earnings per share. Analysts anticipate that Honeywell International Inc. will post 10.11 EPS for the current year.

Honeywell International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 16th were given a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a yield of 2.12%. The ex-dividend date of this dividend was Friday, August 16th. Honeywell International’s payout ratio is currently 50.06%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on HON shares. StockNews.com cut shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Friday, August 30th. Royal Bank of Canada decreased their price objective on shares of Honeywell International from $218.00 to $214.00 and set a “sector perform” rating for the company in a research report on Friday, July 26th. Daiwa America raised Honeywell International to a “moderate buy” rating in a report on Wednesday, June 5th. UBS Group raised Honeywell International from a “sell” rating to a “neutral” rating and lifted their price target for the stock from $175.00 to $215.00 in a report on Monday, June 10th. Finally, Wells Fargo & Company dropped their price objective on Honeywell International from $220.00 to $215.00 and set an “equal weight” rating on the stock in a report on Friday, July 26th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Honeywell International has an average rating of “Hold” and a consensus target price of $223.13.

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.