Summit Wealth Partners LLC Purchases 100 Shares of Honeywell International Inc. (NASDAQ:HON)

Summit Wealth Partners LLC lifted its holdings in Honeywell International Inc. (NASDAQ:HON) by 7.0% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,533 shares of the conglomerate’s stock after purchasing an additional 100 shares during the period. Summit Wealth Partners LLC’s holdings in Honeywell International were worth $327,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Connectus Wealth LLC increased its stake in shares of Honeywell International by 2.2% in the 4th quarter. Connectus Wealth LLC now owns 224,661 shares of the conglomerate’s stock worth $47,128,000 after purchasing an additional 4,789 shares in the last quarter. EP Wealth Advisors LLC raised its stake in shares of Honeywell International by 4.4% in the second quarter. EP Wealth Advisors LLC now owns 337,380 shares of the conglomerate’s stock worth $72,044,000 after buying an additional 14,271 shares during the period. Sanibel Captiva Trust Company Inc. purchased a new position in shares of Honeywell International during the 4th quarter valued at about $27,230,000. Trilogy Capital Inc. grew its stake in shares of Honeywell International by 125.7% during the 1st quarter. Trilogy Capital Inc. now owns 2,422 shares of the conglomerate’s stock valued at $497,000 after acquiring an additional 1,349 shares during the period. Finally, Jupiter Asset Management Ltd. bought a new stake in Honeywell International during the 1st quarter worth approximately $1,398,000. 75.91% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on HON shares. UBS Group raised shares of Honeywell International from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $175.00 to $215.00 in a research note on Monday, June 10th. Royal Bank of Canada restated a “sector perform” rating and issued a $214.00 price objective on shares of Honeywell International in a research report on Thursday, September 26th. Wells Fargo & Company cut their target price 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. Daiwa America raised Honeywell International to a “moderate buy” rating in a report on Wednesday, June 5th. Finally, StockNews.com lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Friday, August 30th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $223.13.

Honeywell International Stock Down 0.3 %

NASDAQ HON opened at $206.07 on Wednesday. The stock has a 50 day moving average price of $202.94 and a 200-day moving average price of $203.81. Honeywell International Inc. has a one year low of $174.88 and a one year high of $220.79. 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 company has a market capitalization of $134.19 billion, a P/E ratio of 23.88, a P/E/G ratio of 2.32 and a beta of 1.03.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings data on Thursday, July 25th. The conglomerate reported $2.49 EPS for the quarter, topping analysts’ consensus estimates of $2.42 by $0.07. Honeywell International had a net margin of 15.49% and a return on equity of 36.87%. The business had revenue of $9.58 billion during the quarter, compared to analysts’ expectations of $9.41 billion. During the same period last year, the company posted $2.23 EPS. The business’s revenue was up 4.7% on a year-over-year basis. As a group, equities analysts predict that Honeywell International Inc. will post 10.11 EPS for the current fiscal year.

Honeywell International Increases Dividend

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

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.