Appian Way Asset Management LP Invests $961,000 in Honeywell International Inc. (NASDAQ:HON)

Appian Way Asset Management LP bought a new position in Honeywell International Inc. (NASDAQ:HON) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 4,500 shares of the conglomerate’s stock, valued at approximately $961,000.

Other hedge funds 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 1st quarter worth about $26,000. Scarborough Advisors LLC acquired a new stake in shares of Honeywell International in the fourth quarter valued at approximately $27,000. Richardson Capital Management LLC bought a new stake in shares of Honeywell International during the first quarter valued at approximately $35,000. Financial Connections Group Inc. acquired a new position in shares of Honeywell International during the second quarter worth approximately $38,000. Finally, Pathway Financial Advisers LLC bought a new position in Honeywell International in the 1st quarter worth approximately $39,000. 75.91% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Wells Fargo & Company reduced their price target on 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. UBS Group raised shares of Honeywell International from a “sell” rating to a “neutral” rating and upped their price objective for the stock from $175.00 to $215.00 in a report on Monday, June 10th. StockNews.com lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Friday, August 30th. Royal Bank of Canada reduced their price target on shares of Honeywell International from $218.00 to $214.00 and set a “sector perform” rating for the company in a research note on Friday, July 26th. Finally, Daiwa America upgraded shares of Honeywell International to a “moderate buy” rating in a research note on Wednesday, June 5th. Six equities 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, the company presently has an average rating of “Hold” and a consensus price target of $223.13.

Honeywell International Stock Performance

HON opened at $203.77 on Tuesday. 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 firm has a market cap of $132.69 billion, a PE ratio of 23.61, a P/E/G ratio of 2.32 and a beta of 1.03. The business has a fifty day simple moving average of $204.26 and a 200-day simple moving average of $203.49. Honeywell International Inc. has a fifty-two week low of $174.88 and a fifty-two week high of $220.79.

Honeywell International (NASDAQ:HON) last released its quarterly earnings results 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 business had revenue of $9.58 billion during the quarter, compared to analyst estimates of $9.41 billion. Honeywell International had a return on equity of 36.87% and a net margin of 15.49%. Honeywell International’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter last year, the company posted $2.23 EPS. As a group, equities analysts predict that Honeywell International Inc. will post 10.11 EPS for the current fiscal year.

Honeywell International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 16th were paid 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 dividend payout ratio is 50.06%.

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.