Honeywell International Inc. (NASDAQ:HON) Position Raised by SFE Investment Counsel

SFE Investment Counsel raised its position in shares of Honeywell International Inc. (NASDAQ:HON) by 2.4% in the second quarter, HoldingsChannel.com reports. The firm owned 20,613 shares of the conglomerate’s stock after buying an additional 487 shares during the period. SFE Investment Counsel’s holdings in Honeywell International were worth $4,402,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Private Advisor Group LLC raised its holdings in shares of Honeywell International by 13.1% during the second quarter. Private Advisor Group LLC now owns 87,781 shares of the conglomerate’s stock valued at $18,745,000 after acquiring an additional 10,150 shares during the period. Farmers & Merchants Investments Inc. boosted its position in shares of Honeywell International by 1.0% in the second quarter. Farmers & Merchants Investments Inc. now owns 70,901 shares of the conglomerate’s stock worth $15,140,000 after buying an additional 694 shares during the period. Synergy Asset Management LLC purchased a new position in shares of Honeywell International during the second quarter valued at $872,000. Denver PWM LLC acquired a new position in Honeywell International during the second quarter valued at $87,000. Finally, MCF Advisors LLC lifted its stake in Honeywell International by 5.1% in the 2nd quarter. MCF Advisors LLC now owns 2,201 shares of the conglomerate’s stock worth $470,000 after acquiring an additional 107 shares in the last quarter. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Stock Performance

Shares of NASDAQ HON opened at $198.13 on Friday. The business’s 50-day simple moving average is $206.41 and its 200-day simple moving average is $203.13. 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 52 week low of $174.88 and a 52 week high of $220.79. The firm has a market cap of $129.02 billion, a price-to-earnings ratio of 22.96, a P/E/G ratio of 2.37 and a beta of 1.04.

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, topping analysts’ consensus estimates of $2.42 by $0.07. Honeywell International had a net margin of 15.49% and a return on equity of 36.87%. The business had revenue of $9.58 billion during the quarter, compared to analysts’ expectations of $9.41 billion. During the same period in the previous year, the company earned $2.23 earnings per share. Honeywell International’s revenue for the quarter was up 4.7% on a year-over-year basis. As a group, equities research analysts expect that Honeywell International Inc. will post 10.12 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 16th were paid a $1.08 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.18%. Honeywell International’s payout ratio is presently 50.06%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on HON shares. Citigroup upped their target price on Honeywell International from $243.00 to $244.00 and gave the company a “buy” rating in a report on Tuesday, June 4th. Wells Fargo & Company cut their target price on shares of Honeywell International from $220.00 to $215.00 and set an “equal weight” rating for the company in a research report on Friday, July 26th. Morgan Stanley began coverage on shares of Honeywell International in a report on Friday. They set an “equal weight” rating and a $210.00 price target on the stock. Daiwa America upgraded Honeywell International to a “moderate buy” rating in a report on Wednesday, June 5th. Finally, UBS Group upgraded Honeywell International from a “sell” rating to a “neutral” rating and boosted their target price for the company 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 given a buy rating to the stock. According to data from MarketBeat, Honeywell International currently has an average rating of “Hold” and an average target price of $223.13.

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.