Horizon Advisory Services Inc. Raises Holdings in Honeywell International Inc. (NASDAQ:HON)

Horizon Advisory Services Inc. grew its position in Honeywell International Inc. (NASDAQ:HON) by 6.6% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 1,184 shares of the conglomerate’s stock after purchasing an additional 73 shares during the quarter. Horizon Advisory Services Inc.’s holdings in Honeywell International were worth $253,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. LGT Group Foundation bought a new position in shares of Honeywell International in the 1st quarter worth $26,000. Scarborough Advisors LLC bought a new position in shares of Honeywell International in the 4th quarter worth $27,000. Richardson Capital Management LLC bought a new position in shares of Honeywell International in the 1st quarter worth $35,000. Financial Connections Group Inc. bought a new position in shares of Honeywell International in the 2nd quarter worth $38,000. Finally, Pathway Financial Advisers LLC bought a new position in shares of Honeywell International in the 1st quarter worth $39,000. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Honeywell International Stock Up 0.3 %

Shares of HON stock opened at $207.63 on Friday. The stock’s 50-day simple moving average is $203.38 and its 200-day simple moving average is $203.62. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.91 and a current ratio of 1.21. The firm has a market capitalization of $135.21 billion, a PE ratio of 24.06, a P/E/G ratio of 2.32 and a beta of 1.03. 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 announced its quarterly earnings data 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. Honeywell International had a return on equity of 36.87% and a net margin of 15.49%. The business 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 company earned $2.23 earnings per share. The company’s revenue was up 4.7% on a year-over-year basis. Equities analysts expect that Honeywell International Inc. will post 10.11 earnings per share for the current year.

Honeywell International Announces Dividend

The business also recently announced 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 2.08%. Honeywell International’s payout ratio is 50.06%.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Wells Fargo & Company reduced their target price on Honeywell International from $220.00 to $215.00 and set an “equal weight” rating on the stock in a research report on Friday, July 26th. Citigroup upped their target price on Honeywell International from $243.00 to $244.00 and gave the company a “buy” rating in a research report on Tuesday, June 4th. Daiwa America raised Honeywell International to a “moderate buy” rating in a research report on Wednesday, June 5th. Morgan Stanley assumed coverage on Honeywell International in a research report on Friday, September 6th. They set an “equal weight” rating and a $210.00 target price on the stock. Finally, UBS Group raised Honeywell International from a “sell” rating to a “neutral” rating and upped their target price for the company from $175.00 to $215.00 in a research report on Monday, June 10th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $223.13.

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.