70,106 Shares in Honeywell International Inc. (NASDAQ:HON) Bought by Waycross Partners LLC

Waycross Partners LLC acquired a new position in shares of Honeywell International Inc. (NASDAQ:HON) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 70,106 shares of the conglomerate’s stock, valued at approximately $14,970,000. Honeywell International accounts for 2.3% of Waycross Partners LLC’s investment portfolio, making the stock its 17th biggest holding.

Several other hedge funds have also recently bought and sold shares of HON. Capital Wealth Planning LLC bought a new stake in shares of Honeywell International during the 2nd quarter worth $392,478,000. Fairfield Financial Advisors LTD acquired a new position in Honeywell International in the 2nd quarter worth about $61,000. Brown Brothers Harriman & Co. raised its position in Honeywell International by 4.3% in the second quarter. Brown Brothers Harriman & Co. now owns 18,463 shares of the conglomerate’s stock valued at $3,943,000 after purchasing an additional 760 shares during the last quarter. Rathbones Group PLC grew its holdings in shares of Honeywell International by 1.1% during the second quarter. Rathbones Group PLC now owns 504,983 shares of the conglomerate’s stock worth $107,834,000 after purchasing an additional 5,470 shares during the last quarter. Finally, Providence Wealth Advisors LLC increased its stake in shares of Honeywell International by 1.3% in the second quarter. Providence Wealth Advisors LLC now owns 22,067 shares of the conglomerate’s stock valued at $4,699,000 after buying an additional 282 shares during the period. 75.91% of the stock is owned by institutional investors.

Honeywell International Stock Performance

Shares of Honeywell International stock opened at $204.15 on Monday. The business has a 50-day simple moving average of $205.48 and a 200 day simple moving average of $203.32. Honeywell International Inc. has a one year low of $174.88 and a one year high of $220.79. 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 firm has a market capitalization of $132.94 billion, a price-to-earnings ratio of 23.66, a PEG ratio of 2.32 and a beta of 1.03.

Honeywell International (NASDAQ:HON) last released 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. Honeywell International had a return on equity of 36.87% and a net margin of 15.49%. The firm had revenue of $9.58 billion during the quarter, compared to the consensus estimate of $9.41 billion. During the same quarter in the previous year, the company posted $2.23 earnings per share. The company’s quarterly revenue was up 4.7% on a year-over-year basis. On average, research analysts anticipate that Honeywell International Inc. will post 10.11 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 16th were given a $1.08 dividend. This represents a $4.32 dividend on an annualized basis 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%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. StockNews.com downgraded shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Friday, August 30th. Wells Fargo & Company reduced their price objective 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. Daiwa America upgraded Honeywell International to a “moderate buy” rating in a research report on Wednesday, June 5th. Citigroup increased their target price on shares of Honeywell International from $243.00 to $244.00 and gave the company a “buy” rating in a research report on Tuesday, June 4th. Finally, UBS Group raised shares of Honeywell International from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $175.00 to $215.00 in a research note on Monday, June 10th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $223.13.

About Honeywell International

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.