Lodestar Private Asset Management LLC Has $282,000 Stake in Honeywell International Inc. (NASDAQ:HON)

Lodestar Private Asset Management LLC reduced its holdings in Honeywell International Inc. (NASDAQ:HON) by 11.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,320 shares of the conglomerate’s stock after selling 170 shares during the period. Lodestar Private Asset Management LLC’s holdings in Honeywell International were worth $282,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. GUNN & Co INVESTMENT MANAGEMENT INC. bought a new stake in shares of Honeywell International in the 4th quarter valued at about $325,000. Choreo LLC increased its stake in Honeywell International by 19.0% in the fourth quarter. Choreo LLC now owns 9,269 shares of the conglomerate’s stock valued at $1,944,000 after purchasing an additional 1,478 shares in the last quarter. Mission Wealth Management LP raised its holdings in Honeywell International by 7.1% in the fourth quarter. Mission Wealth Management LP now owns 13,710 shares of the conglomerate’s stock worth $2,875,000 after purchasing an additional 906 shares during the period. MONECO Advisors LLC boosted its position in shares of Honeywell International by 67.6% during the fourth quarter. MONECO Advisors LLC now owns 4,556 shares of the conglomerate’s stock worth $956,000 after purchasing an additional 1,838 shares in the last quarter. Finally, Alpha Cubed Investments LLC grew its holdings in shares of Honeywell International by 12.8% in the 4th quarter. Alpha Cubed Investments LLC now owns 4,094 shares of the conglomerate’s stock valued at $859,000 after buying an additional 466 shares during the period. 75.91% of the stock is owned by institutional investors.

Honeywell International Price Performance

NASDAQ HON opened at $207.91 on Friday. The firm’s 50 day moving average is $207.60 and its 200-day moving average is $202.80. The company has a quick ratio of 0.91, a current ratio of 1.21 and a debt-to-equity ratio of 1.19. The company has a market capitalization of $135.39 billion, a PE ratio of 24.09, a price-to-earnings-growth ratio of 2.32 and a beta of 1.04. Honeywell International Inc. has a 12-month low of $174.88 and a 12-month high of $220.79.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings results on Thursday, July 25th. The conglomerate reported $2.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.42 by $0.07. Honeywell International had a net margin of 15.49% and a return on equity of 36.87%. 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 previous year, the business earned $2.23 EPS. The company’s revenue was up 4.7% compared to the same quarter last year. Equities research analysts anticipate that Honeywell International Inc. will post 10.14 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Friday, August 16th will be issued a dividend of $1.08 per share. The ex-dividend date of this dividend is Friday, August 16th. This represents a $4.32 annualized dividend and a yield of 2.08%. Honeywell International’s payout ratio is presently 50.06%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. UBS Group upgraded 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 report on Monday, June 10th. Daiwa America upgraded Honeywell International to a “moderate buy” rating in a research report on Wednesday, June 5th. StockNews.com cut Honeywell International from a “buy” rating to a “hold” rating in a research note on Friday. Citigroup lifted their price target on shares of Honeywell International from $243.00 to $244.00 and gave the company a “buy” rating in a research note on Tuesday, June 4th. Finally, Royal Bank of Canada lowered 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. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $225.00.

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.