Wealthquest Corp Buys 80 Shares of Honeywell International Inc. (NASDAQ:HON)

Wealthquest Corp increased its position in Honeywell International Inc. (NASDAQ:HON) by 2.5% in the 2nd quarter, HoldingsChannel reports. The fund owned 3,220 shares of the conglomerate’s stock after buying an additional 80 shares during the quarter. Wealthquest Corp’s holdings in Honeywell International were worth $688,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also added to or reduced their stakes in the company. LGT Group Foundation purchased a new stake in Honeywell International in the 1st quarter worth $26,000. Scarborough Advisors LLC bought a new position in Honeywell International during the fourth quarter valued at approximately $27,000. Richardson Capital Management LLC purchased a new position in Honeywell International during the 1st quarter valued at approximately $35,000. Financial Connections Group Inc. bought a new stake in Honeywell International in the 2nd quarter worth approximately $38,000. Finally, Pathway Financial Advisers LLC bought a new position in shares of Honeywell International during the 1st quarter valued at approximately $39,000. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Stock Down 0.4 %

NASDAQ:HON opened at $206.71 on Tuesday. The company has a market cap of $134.61 billion, a price-to-earnings ratio of 23.95, a price-to-earnings-growth ratio of 2.32 and a beta of 1.03. Honeywell International Inc. has a twelve month low of $174.88 and a twelve month high of $220.79. The company has a current ratio of 1.21, a quick ratio of 0.91 and a debt-to-equity ratio of 1.19. The stock has a fifty day simple moving average of $203.17 and a 200-day simple moving average of $203.75.

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. The company had revenue of $9.58 billion during 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%. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter last year, the business posted $2.23 EPS. Analysts anticipate that Honeywell International Inc. will post 10.11 EPS for the current year.

Honeywell International Increases Dividend

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

Analysts Set New Price Targets

A number of research firms recently issued reports on HON. StockNews.com downgraded shares of Honeywell International from a “buy” rating to a “hold” rating in a research note on Friday, August 30th. Royal Bank of Canada restated a “sector perform” rating and set a $214.00 target price on shares of Honeywell International in a research report on Thursday, September 26th. Wells Fargo & Company dropped 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. Morgan Stanley started coverage on Honeywell International in a research report on Friday, September 6th. They set an “equal weight” rating and a $210.00 price objective on the stock. Finally, 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. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Honeywell International has an average rating of “Hold” and a consensus target price of $223.13.

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.