Honeywell International Inc. (NASDAQ:HON) Shares Acquired by Morse Asset Management Inc

Morse Asset Management Inc lifted its holdings in Honeywell International Inc. (NASDAQ:HON) by 18.6% during the second quarter, Holdings Channel reports. The fund owned 4,150 shares of the conglomerate’s stock after buying an additional 650 shares during the quarter. Morse Asset Management Inc’s holdings in Honeywell International were worth $886,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. LGT Group Foundation acquired a new stake in Honeywell International during the first quarter worth about $26,000. Scarborough Advisors LLC acquired a new stake in shares of Honeywell International during the 4th quarter worth approximately $27,000. Richardson Capital Management LLC purchased a new position in shares of Honeywell International during the 1st quarter valued at approximately $35,000. Financial Connections Group Inc. acquired a new position in shares of Honeywell International in the 2nd quarter valued at $38,000. Finally, Pathway Financial Advisers LLC purchased a new stake in Honeywell International during the first quarter worth $39,000. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Stock Performance

Shares of NASDAQ:HON opened at $203.35 on Monday. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.21 and a quick ratio of 0.91. Honeywell International Inc. has a 1 year low of $174.88 and a 1 year high of $220.79. The firm has a market capitalization of $132.42 billion, a PE ratio of 23.56, a P/E/G ratio of 2.32 and a beta of 1.03. The business’s 50 day moving average price is $204.50 and its 200-day moving average price is $203.48.

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 the consensus estimate of $2.42 by $0.07. The company had revenue of $9.58 billion for the quarter, compared to analysts’ expectations of $9.41 billion. Honeywell International had a net margin of 15.49% and a return on equity of 36.87%. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.23 EPS. As a group, equities research analysts expect that Honeywell International Inc. will post 10.11 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 16th were issued a $1.08 dividend. The ex-dividend date was Friday, August 16th. This represents a $4.32 dividend on an annualized basis and a yield of 2.12%. Honeywell International’s payout ratio is 50.06%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Wells Fargo & Company cut 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 report on Friday, July 26th. Citigroup lifted their price target on Honeywell International from $243.00 to $244.00 and gave the company a “buy” rating in a research note on Tuesday, June 4th. Royal Bank of Canada lowered their price target on Honeywell International from $218.00 to $214.00 and set a “sector perform” rating on the stock in a research report on Friday, July 26th. UBS Group raised Honeywell International from a “sell” rating to a “neutral” rating and raised their price objective for the company from $175.00 to $215.00 in a report on Monday, June 10th. Finally, Morgan Stanley initiated coverage on Honeywell International in a research note on Friday, September 6th. They set an “equal weight” rating and a $210.00 target price for the company. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target 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.