Honeywell International Inc. (NASDAQ:HON) Shares Acquired by ELCO Management Co. LLC

ELCO Management Co. LLC boosted its holdings in Honeywell International Inc. (NASDAQ:HON) by 0.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 9,152 shares of the conglomerate’s stock after acquiring an additional 66 shares during the period. Honeywell International accounts for about 1.1% of ELCO Management Co. LLC’s investment portfolio, making the stock its 21st largest position. ELCO Management Co. LLC’s holdings in Honeywell International were worth $1,954,000 as of its most recent SEC filing.

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

Honeywell International Stock Up 0.7 %

Shares of NASDAQ HON opened at $205.27 on Wednesday. The stock has a fifty day moving average price of $204.00 and a 200 day moving average price of $203.52. The company has a market cap of $133.67 billion, a P/E ratio of 23.79, a P/E/G ratio of 2.32 and a beta of 1.03. Honeywell International Inc. has a 12-month low of $174.88 and a 12-month high of $220.79. The company has a current ratio of 1.21, a quick ratio of 0.91 and a debt-to-equity ratio of 1.19.

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

Honeywell International Announces Dividend

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

Wall Street Analyst Weigh In

HON has been the subject of several analyst reports. Morgan Stanley began coverage on Honeywell International in a report on Friday, September 6th. They issued an “equal weight” rating and a $210.00 price target for the company. Royal Bank of Canada reduced their target price 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. Citigroup lifted their price target on Honeywell International from $243.00 to $244.00 and gave the company a “buy” rating in a report on Tuesday, June 4th. StockNews.com lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Friday, August 30th. Finally, UBS Group upgraded shares of Honeywell International from a “sell” rating to a “neutral” rating and boosted their target price for the company from $175.00 to $215.00 in a report on Monday, June 10th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus 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.