Kathmere Capital Management LLC Has $1.82 Million Stock Position in Honeywell International Inc. (NASDAQ:HON)

Kathmere Capital Management LLC increased its position in Honeywell International Inc. (NASDAQ:HON) by 13.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,516 shares of the conglomerate’s stock after buying an additional 1,039 shares during the period. Kathmere Capital Management LLC’s holdings in Honeywell International were worth $1,819,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Texas Capital Bancshares Inc TX increased its stake in Honeywell International by 8.1% during the 2nd quarter. Texas Capital Bancshares Inc TX now owns 2,758 shares of the conglomerate’s stock valued at $589,000 after purchasing an additional 207 shares in the last quarter. Oliver Lagore Vanvalin Investment Group grew its holdings in shares of Honeywell International by 162.2% during the second quarter. Oliver Lagore Vanvalin Investment Group now owns 312 shares of the conglomerate’s stock valued at $67,000 after buying an additional 193 shares during the last quarter. Horizon Advisory Services Inc. increased its position in shares of Honeywell International by 6.6% during the second quarter. Horizon Advisory Services Inc. now owns 1,184 shares of the conglomerate’s stock worth $253,000 after acquiring an additional 73 shares in the last quarter. Legal & General Group Plc raised its holdings in shares of Honeywell International by 0.9% in the 2nd quarter. Legal & General Group Plc now owns 4,910,551 shares of the conglomerate’s stock worth $1,048,600,000 after acquiring an additional 42,305 shares during the last quarter. Finally, MBB Public Markets I LLC lifted its position in Honeywell International by 1,063.8% in the 2nd quarter. MBB Public Markets I LLC now owns 45,832 shares of the conglomerate’s stock valued at $9,787,000 after acquiring an additional 41,894 shares in the last quarter. 75.91% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently commented on HON. UBS Group raised Honeywell International from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $175.00 to $215.00 in a research note on Monday, June 10th. Royal Bank of Canada reissued a “sector perform” rating and issued a $214.00 price target on shares of Honeywell International in a research report on Thursday. Daiwa America raised shares of Honeywell International to a “moderate buy” rating in a report on Wednesday, June 5th. Morgan Stanley initiated coverage on shares of Honeywell International in a report on Friday, September 6th. They issued an “equal weight” rating and a $210.00 target price for the company. Finally, StockNews.com cut shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Friday, August 30th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $223.13.

Honeywell International Stock Performance

Shares of HON stock opened at $207.63 on Friday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.91 and a current ratio of 1.21. The firm has a market cap of $135.21 billion, a price-to-earnings ratio of 24.06, a P/E/G ratio of 2.32 and a beta of 1.03. Honeywell International Inc. has a 52 week low of $174.88 and a 52 week high of $220.79. The firm’s 50-day simple moving average is $203.38 and its two-hundred day simple moving average is $203.62.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings data on Thursday, July 25th. The conglomerate reported $2.49 earnings per share for the quarter, beating the consensus estimate of $2.42 by $0.07. The business had revenue of $9.58 billion during the quarter, compared to analyst estimates of $9.41 billion. Honeywell International had a return on equity of 36.87% and a net margin of 15.49%. Honeywell International’s revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the company earned $2.23 earnings per share. As a group, equities analysts forecast that Honeywell International Inc. will post 10.11 earnings per share for the current year.

Honeywell International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 16th were given a dividend of $1.08 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a $4.32 dividend on an annualized basis and a yield of 2.08%. Honeywell International’s dividend payout ratio is presently 50.06%.

Honeywell International Company 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.