Magnolia Capital Advisors LLC Takes $4.63 Million Position in Honeywell International Inc. (NASDAQ:HON)

Magnolia Capital Advisors LLC purchased a new position in shares of Honeywell International Inc. (NASDAQ:HON) during the second quarter, HoldingsChannel.com reports. The institutional investor purchased 21,693 shares of the conglomerate’s stock, valued at approximately $4,632,000.

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

Honeywell International Trading Up 0.3 %

Shares of HON opened at $207.63 on Friday. 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 stock has a market cap of $135.21 billion, a price-to-earnings ratio of 24.06, a price-to-earnings-growth ratio of 2.32 and a beta of 1.03. The firm has a 50 day simple moving average of $203.38 and a 200-day simple moving average of $203.65.

Honeywell International (NASDAQ:HON) last released its quarterly earnings results on Thursday, July 25th. The conglomerate reported $2.49 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $9.41 billion. During the same quarter last year, the business posted $2.23 earnings per share. Honeywell International’s revenue was up 4.7% compared to the same quarter last year. Equities analysts forecast that Honeywell International Inc. will post 10.11 EPS for the current fiscal year.

Honeywell International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be paid a dividend of $1.13 per share. This is a boost from Honeywell International’s previous quarterly dividend of $1.08. This represents a $4.52 annualized dividend and a dividend yield of 2.18%. The ex-dividend date of this dividend is Friday, November 15th. Honeywell International’s dividend payout ratio (DPR) is currently 50.06%.

Wall Street Analyst Weigh In

HON has been the topic of a number of analyst reports. Morgan Stanley initiated coverage on Honeywell International in a research note on Friday, September 6th. They issued an “equal weight” rating and a $210.00 price target on the stock. StockNews.com downgraded shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Friday, August 30th. Citigroup boosted their price objective on shares of Honeywell International from $243.00 to $244.00 and gave the stock a “buy” rating in a report on Tuesday, June 4th. Wells Fargo & Company dropped their target price 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. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $214.00 price target on shares of Honeywell International in a report on Thursday. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Honeywell International has a consensus rating of “Hold” and a consensus 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.