MBB Public Markets I LLC Buys 41,894 Shares of Honeywell International Inc. (NASDAQ:HON)

MBB Public Markets I LLC boosted its position in shares of Honeywell International Inc. (NASDAQ:HON) by 1,063.8% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 45,832 shares of the conglomerate’s stock after buying an additional 41,894 shares during the quarter. MBB Public Markets I LLC’s holdings in Honeywell International were worth $9,787,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the company. Dark Forest Capital Management LP purchased a new stake in Honeywell International in the 2nd quarter valued at about $466,000. Daymark Wealth Partners LLC boosted its position in Honeywell International by 2.9% in the 2nd quarter. Daymark Wealth Partners LLC now owns 130,497 shares of the conglomerate’s stock valued at $27,866,000 after buying an additional 3,697 shares during the period. Deprince Race & Zollo Inc. purchased a new stake in Honeywell International in the 2nd quarter valued at about $27,328,000. Drucker Wealth 3.0 LLC purchased a new stake in Honeywell International in the 2nd quarter valued at about $478,000. Finally, Employees Retirement System of Texas purchased a new stake in shares of Honeywell International in the 2nd quarter worth approximately $59,920,000. Institutional investors own 75.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Morgan Stanley assumed coverage on shares of Honeywell International in a research report on Friday, September 6th. They issued an “equal weight” rating and a $210.00 price target for the company. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $214.00 price target on shares of Honeywell International in a research report on Thursday. Daiwa America raised shares of Honeywell International to a “moderate buy” rating in a research report on Wednesday, June 5th. Citigroup upped their price target on shares of Honeywell International from $243.00 to $244.00 and gave the stock a “buy” rating in a research report on Tuesday, June 4th. Finally, UBS Group raised shares of Honeywell International from a “sell” rating to a “neutral” rating and upped their price target for the stock from $175.00 to $215.00 in a research report on Monday, June 10th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $223.13.

Honeywell International Stock Performance

HON opened at $207.03 on Friday. 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 cap of $134.82 billion, a price-to-earnings ratio of 23.99, a PEG ratio of 2.32 and a beta of 1.03. Honeywell International Inc. has a 52-week low of $174.88 and a 52-week high of $220.79. The firm’s fifty day simple moving average is $203.73 and its two-hundred day simple moving average is $203.55.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings data 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. The business had revenue of $9.58 billion for the quarter, compared to the consensus estimate of $9.41 billion. Honeywell International had a net margin of 15.49% and a return on equity of 36.87%. The company’s revenue was up 4.7% compared to the same quarter last year. During the same period last year, the firm posted $2.23 earnings per share. Equities analysts anticipate that Honeywell International Inc. will post 10.11 earnings per share 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 given a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a yield of 2.09%. The ex-dividend date of this dividend was Friday, August 16th. Honeywell International’s payout ratio is currently 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.