Birch Hill Investment Advisors LLC Increases Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

Birch Hill Investment Advisors LLC increased its position in shares of Honeywell International Inc. (NASDAQ:HON) by 14.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,130 shares of the conglomerate’s stock after purchasing an additional 145 shares during the period. Birch Hill Investment Advisors LLC’s holdings in Honeywell International were worth $241,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. ESG Planning DBA Harper Investing purchased a new stake in Honeywell International in the second quarter valued at $494,000. Pine Valley Investments Ltd Liability Co raised its holdings in Honeywell International by 32.3% in the 2nd quarter. Pine Valley Investments Ltd Liability Co now owns 19,313 shares of the conglomerate’s stock valued at $4,124,000 after buying an additional 4,714 shares during the period. GGM Financials LLC acquired a new position in Honeywell International in the second quarter valued at about $327,000. Sage Rhino Capital LLC purchased a new position in Honeywell International during the second quarter worth about $243,000. Finally, Navalign LLC raised its stake in shares of Honeywell International by 6.3% in the 2nd quarter. Navalign LLC now owns 6,518 shares of the conglomerate’s stock valued at $1,392,000 after acquiring an additional 384 shares during the period. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

HON has been the subject of a number of research analyst reports. Wells Fargo & Company lowered their price objective on shares of 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 upgraded Honeywell International to a “moderate buy” rating in a research report on Wednesday, June 5th. UBS Group upgraded Honeywell International from a “sell” rating to a “neutral” rating and boosted their price objective for the company from $175.00 to $215.00 in a report on Monday, June 10th. Citigroup raised their target price on Honeywell International from $243.00 to $244.00 and gave the company a “buy” rating in a report on Tuesday, June 4th. Finally, Royal Bank of Canada cut their price target on shares of Honeywell International from $218.00 to $214.00 and set a “sector perform” rating on the stock in a research note on Friday, July 26th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $225.00.

Honeywell International Price Performance

Shares of NASDAQ HON opened at $207.91 on Friday. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.21 and a quick ratio of 0.91. The company has a market cap of $135.39 billion, a price-to-earnings ratio of 24.09, a price-to-earnings-growth ratio of 2.32 and a beta of 1.04. The stock’s 50-day moving average is $207.45 and its two-hundred day moving average is $202.87. Honeywell International Inc. has a 1-year low of $174.88 and a 1-year high of $220.79.

Honeywell International (NASDAQ:HON) last released its earnings results on Thursday, July 25th. The conglomerate reported $2.49 earnings per share 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 firm 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 firm earned $2.23 earnings per share. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. Analysts forecast that Honeywell International Inc. will post 10.14 EPS for the current fiscal year.

Honeywell International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Friday, August 16th will be paid a dividend of $1.08 per share. The ex-dividend date is 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 currently 50.06%.

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.