Sunbelt Securities Inc. Has $1.31 Million Stake in Honeywell International Inc. (NASDAQ:HON)

Sunbelt Securities Inc. increased its stake in Honeywell International Inc. (NASDAQ:HON) by 2.4% in the 2nd quarter, Holdings Channel reports. The firm owned 6,122 shares of the conglomerate’s stock after purchasing an additional 144 shares during the period. Sunbelt Securities Inc.’s holdings in Honeywell International were worth $1,307,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Front Row Advisors LLC raised its holdings in Honeywell International by 4.2% in the 2nd quarter. Front Row Advisors LLC now owns 6,494 shares of the conglomerate’s stock valued at $1,387,000 after acquiring an additional 260 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in Honeywell International by 3.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 230,344 shares of the conglomerate’s stock worth $49,188,000 after buying an additional 7,603 shares in the last quarter. NewEdge Advisors LLC increased its holdings in Honeywell International by 30.5% in the 2nd quarter. NewEdge Advisors LLC now owns 76,142 shares of the conglomerate’s stock valued at $16,260,000 after buying an additional 17,809 shares during the period. Silver Lake Advisory LLC acquired a new position in shares of Honeywell International in the 2nd quarter valued at $198,000. Finally, Magnolia Capital Advisors LLC bought a new position in shares of Honeywell International during the 2nd quarter worth about $4,632,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on HON. Morgan Stanley assumed coverage on shares of Honeywell International in a research note on Friday, September 6th. They issued an “equal weight” rating and a $210.00 target price on the stock. UBS Group raised Honeywell International from a “sell” rating to a “neutral” rating and increased their target price for the stock from $175.00 to $215.00 in a report on Monday, June 10th. StockNews.com lowered Honeywell International from a “buy” rating to a “hold” rating in a research note on Friday, August 30th. Daiwa America upgraded Honeywell International to a “moderate buy” rating in a research note on Wednesday, June 5th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $214.00 target price on shares of Honeywell International in a research note on Thursday, September 26th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, Honeywell International presently has a consensus rating of “Hold” and a consensus price target of $223.13.

Honeywell International Price Performance

Honeywell International stock opened at $206.71 on Tuesday. The business’s fifty day moving average is $203.17 and its two-hundred day moving average is $203.75. 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 cap of $134.61 billion, a P/E ratio of 23.95, a P/E/G 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.

Honeywell International (NASDAQ:HON) last announced its earnings results on Thursday, July 25th. The conglomerate reported $2.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.42 by $0.07. The company had revenue of $9.58 billion for the quarter, compared to analyst estimates of $9.41 billion. Honeywell International had a net margin of 15.49% and a return on equity of 36.87%. Honeywell International’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the business earned $2.23 earnings per share. Equities research analysts forecast that Honeywell International Inc. will post 10.11 earnings per share for the current fiscal year.

Honeywell International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be paid a $1.13 dividend. This is a boost from Honeywell International’s previous quarterly dividend of $1.08. This represents a $4.52 annualized dividend and a dividend yield of 2.19%. The ex-dividend date is Friday, November 15th. Honeywell International’s dividend payout ratio (DPR) is 52.38%.

About Honeywell International

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.