Reliant Investment Management LLC Purchases 300 Shares of Honeywell International Inc. (NASDAQ:HON)

Reliant Investment Management LLC raised its position in Honeywell International Inc. (NASDAQ:HON) by 29.2% in the 3rd quarter, Holdings Channel reports. The firm owned 1,327 shares of the conglomerate’s stock after buying an additional 300 shares during the period. Reliant Investment Management LLC’s holdings in Honeywell International were worth $274,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of HON. Price T Rowe Associates Inc. MD increased its stake in Honeywell International by 32.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 7,840,959 shares of the conglomerate’s stock worth $1,644,328,000 after purchasing an additional 1,899,373 shares in the last quarter. Capital Wealth Planning LLC acquired a new position in shares of Honeywell International in the second quarter valued at approximately $392,478,000. Natixis increased its position in shares of Honeywell International by 184.8% during the first quarter. Natixis now owns 838,716 shares of the conglomerate’s stock worth $172,146,000 after acquiring an additional 544,175 shares in the last quarter. First Financial Bankshares Inc acquired a new stake in shares of Honeywell International during the fourth quarter worth $72,580,000. Finally, Dimensional Fund Advisors LP lifted its position in Honeywell International by 12.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,950,562 shares of the conglomerate’s stock valued at $630,086,000 after acquiring an additional 325,272 shares in the last quarter. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Price Performance

NASDAQ:HON opened at $207.00 on Wednesday. The stock has a market capitalization of $134.80 billion, a PE ratio of 23.99, a P/E/G ratio of 2.32 and a beta of 1.03. Honeywell International Inc. has a 1-year low of $174.88 and a 1-year high of $220.79. The firm has a fifty day simple moving average of $202.82 and a 200 day simple moving average of $203.92. 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 released its quarterly earnings data 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 net margin of 15.49% and a return on equity of 36.87%. The company had revenue of $9.58 billion for the quarter, compared to analyst estimates of $9.41 billion. During the same period in the previous year, the business earned $2.23 EPS. Honeywell International’s revenue for the quarter was up 4.7% compared to the same quarter last year. On average, research analysts expect that Honeywell International Inc. will post 10.11 EPS for the current fiscal year.

Honeywell International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be issued a dividend of $1.13 per share. The ex-dividend date of this dividend is Friday, November 15th. This is a positive change from Honeywell International’s previous quarterly dividend of $1.08. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.18%. Honeywell International’s payout ratio is presently 52.38%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on HON shares. StockNews.com downgraded Honeywell International from a “buy” rating to a “hold” rating in a research note on Friday, August 30th. Morgan Stanley began coverage on Honeywell International in a research report on Friday, September 6th. They issued an “equal weight” rating and a $210.00 target price on the stock. Wells Fargo & Company reduced their price target on Honeywell International from $215.00 to $207.00 and set an “equal weight” rating for the company in a research report on Monday. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $214.00 price objective on shares of Honeywell International in a report on Thursday, September 26th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $222.13.

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.