Slow Capital Inc. Buys 931 Shares of Honeywell International Inc. (NASDAQ:HON)

Slow Capital Inc. increased its position in shares of Honeywell International Inc. (NASDAQ:HON) by 2.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 36,785 shares of the conglomerate’s stock after acquiring an additional 931 shares during the quarter. Honeywell International comprises approximately 1.2% of Slow Capital Inc.’s investment portfolio, making the stock its 19th biggest holding. Slow Capital Inc.’s holdings in Honeywell International were worth $7,604,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. LGT Group Foundation bought a new position in Honeywell International in the first quarter valued at approximately $26,000. Richardson Capital Management LLC acquired a new stake in shares of Honeywell International in the 1st quarter valued at about $35,000. Financial Connections Group Inc. acquired a new stake in shares of Honeywell International in the 2nd quarter valued at about $38,000. Pathway Financial Advisers LLC bought a new stake in shares of Honeywell International in the first quarter valued at about $39,000. Finally, New Covenant Trust Company N.A. acquired a new position in shares of Honeywell International during the first quarter worth about $42,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Wells Fargo & Company lowered their price objective on shares of Honeywell International from $215.00 to $207.00 and set an “equal weight” rating on the stock in a report on Monday, October 7th. Morgan Stanley assumed coverage on shares of Honeywell International in a research note on Friday, September 6th. They issued an “equal weight” rating and a $210.00 target price for the company. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $214.00 price target on shares of Honeywell International in a research report on Thursday, September 26th. JPMorgan Chase & Co. lowered shares of Honeywell International from an “overweight” rating to a “neutral” rating and boosted their price objective for the stock from $225.00 to $235.00 in a research note on Thursday, October 10th. Finally, StockNews.com downgraded shares of Honeywell International from a “buy” rating to a “hold” rating in a research note on Friday, August 30th. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $223.56.

Honeywell International Stock Up 1.1 %

Honeywell International stock opened at $222.02 on Friday. Honeywell International Inc. has a twelve month low of $174.88 and a twelve month high of $222.07. The stock has a market cap of $144.58 billion, a P/E ratio of 25.73, a P/E/G ratio of 2.45 and a beta of 1.03. The company’s 50-day moving average price is $205.53 and its two-hundred day moving average price is $204.75. The company has a quick ratio of 0.91, a current ratio of 1.21 and a debt-to-equity ratio of 1.19.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings data on Thursday, July 25th. The conglomerate reported $2.49 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $9.41 billion. During the same period in the prior year, the firm posted $2.23 EPS. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. As a group, analysts expect that Honeywell International Inc. will post 10.1 EPS for the current year.

Honeywell International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be issued a dividend of $1.13 per share. The ex-dividend date is Friday, November 15th. This is a boost from Honeywell International’s previous quarterly dividend of $1.08. This represents a $4.52 annualized dividend and a dividend yield of 2.04%. Honeywell International’s dividend payout ratio (DPR) is currently 52.38%.

Honeywell International 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.