Prairie Wealth Advisors Inc. Purchases 75 Shares of Honeywell International Inc. (NASDAQ:HON)

Prairie Wealth Advisors Inc. boosted its position in shares of Honeywell International Inc. (NASDAQ:HON) by 2.6% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,005 shares of the conglomerate’s stock after buying an additional 75 shares during the quarter. Prairie Wealth Advisors Inc.’s holdings in Honeywell International were worth $642,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in HON. Connectus Wealth LLC raised its holdings in shares of Honeywell International by 2.2% during the fourth quarter. Connectus Wealth LLC now owns 224,661 shares of the conglomerate’s stock valued at $47,128,000 after acquiring an additional 4,789 shares in the last quarter. Sanibel Captiva Trust Company Inc. bought a new position in Honeywell International in the fourth quarter worth about $27,230,000. Trilogy Capital Inc. lifted its holdings in Honeywell International by 125.7% in the first quarter. Trilogy Capital Inc. now owns 2,422 shares of the conglomerate’s stock worth $497,000 after buying an additional 1,349 shares during the period. Jupiter Asset Management Ltd. purchased a new stake in Honeywell International in the first quarter worth about $1,398,000. Finally, Lloyd Advisory Services LLC. purchased a new position in shares of Honeywell International during the 1st quarter worth approximately $1,110,000. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on HON shares. Royal Bank of Canada lowered their target price on Honeywell International from $218.00 to $214.00 and set a “sector perform” rating for the company in a research note on Friday, July 26th. Citigroup raised their price objective on Honeywell International from $243.00 to $244.00 and gave the company a “buy” rating in a research report on Tuesday, June 4th. StockNews.com cut shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Friday, August 30th. Daiwa America upgraded shares of Honeywell International to a “moderate buy” rating in a research note on Wednesday, June 5th. Finally, Wells Fargo & Company dropped their price objective on shares of Honeywell International from $220.00 to $215.00 and set an “equal weight” rating on the stock in a research note on Friday, July 26th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $223.13.

Honeywell International Stock Performance

Shares of HON stock opened at $205.27 on Wednesday. The company has a market capitalization of $133.67 billion, a price-to-earnings ratio of 23.79, a price-to-earnings-growth ratio of 2.32 and a beta of 1.03. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.91 and a current ratio of 1.21. Honeywell International Inc. has a one year low of $174.88 and a one year high of $220.79. The company’s 50-day moving average is $204.00 and its 200 day moving average is $203.52.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings results on Thursday, July 25th. The conglomerate reported $2.49 EPS for the quarter, beating 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 analysts’ expectations of $9.41 billion. During the same quarter in the prior year, the company posted $2.23 earnings per share. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. Sell-side analysts expect that Honeywell International Inc. will post 10.11 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 16th were paid a $1.08 dividend. This represents a $4.32 annualized dividend and a dividend yield of 2.10%. The ex-dividend date was Friday, August 16th. Honeywell International’s dividend payout ratio is currently 50.06%.

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.