Evergreen Capital Management LLC Grows Stock Position in Honeywell International Inc. (NASDAQ:HON)

Evergreen Capital Management LLC boosted its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 0.8% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 11,726 shares of the conglomerate’s stock after buying an additional 97 shares during the period. Evergreen Capital Management LLC’s holdings in Honeywell International were worth $2,504,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of HON. LGT Group Foundation bought a new position in Honeywell International in the 1st quarter valued at $26,000. Scarborough Advisors LLC bought a new position in Honeywell International in the 4th quarter valued at $27,000. Richardson Capital Management LLC bought a new position in Honeywell International in the 1st quarter valued at $35,000. Financial Connections Group Inc. bought a new position in Honeywell International in the 2nd quarter valued at $38,000. Finally, Pathway Financial Advisers LLC bought a new position in Honeywell International in the 1st quarter valued at $39,000. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Price Performance

Shares of HON stock opened at $203.77 on Tuesday. Honeywell International Inc. has a 1-year low of $174.88 and a 1-year high of $220.79. The stock’s 50-day moving average is $204.26 and its 200 day moving average is $203.49. The company has a market cap of $132.69 billion, a P/E ratio of 23.61, a PEG ratio of 2.32 and a beta of 1.03. 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 (NASDAQ:HON) last issued 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. Honeywell International had a return on equity of 36.87% and a net margin of 15.49%. The company had revenue of $9.58 billion for the quarter, compared to the consensus estimate of $9.41 billion. During the same quarter last year, the company earned $2.23 earnings per share. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. Research analysts predict that Honeywell International Inc. will post 10.11 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities analysts have commented on HON shares. Royal Bank of Canada cut their price objective 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 increased their price target for the stock from $175.00 to $215.00 in a research report on Monday, June 10th. Daiwa America raised Honeywell International to a “moderate buy” rating in a research report on Wednesday, June 5th. StockNews.com downgraded Honeywell International from a “buy” rating to a “hold” rating in a research report on Friday, August 30th. Finally, Citigroup increased their price target on Honeywell International from $243.00 to $244.00 and gave the stock a “buy” rating in a research report on Tuesday, June 4th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Honeywell International presently has an average rating of “Hold” and a consensus target price of $223.13.

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.