Cox Capital Mgt LLC Boosts Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

Cox Capital Mgt LLC lifted its stake in shares of Honeywell International Inc. (NASDAQ:HON – Get Rating) by 1.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,379 shares of the conglomerate’s stock after acquiring an additional 92 shares during the quarter. Cox Capital Mgt LLC’s holdings in Honeywell International were worth $1,153,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of HON. Moisand Fitzgerald Tamayo LLC increased its position in shares of Honeywell International by 51.9% during the third quarter. Moisand Fitzgerald Tamayo LLC now owns 164 shares of the conglomerate’s stock worth $27,000 after acquiring an additional 56 shares during the period. Align Wealth Management LLC acquired a new position in shares of Honeywell International during the fourth quarter worth $29,000. St. James Investment Advisors LLC grew its stake in shares of Honeywell International by 39.4% during the third quarter. St. James Investment Advisors LLC now owns 184 shares of the conglomerate’s stock worth $31,000 after purchasing an additional 52 shares in the last quarter. Ameliora Wealth Management Ltd. acquired a new position in shares of Honeywell International during the third quarter worth $33,000. Finally, American National Bank boosted its stake in Honeywell International by 222.2% in the third quarter. American National Bank now owns 203 shares of the conglomerate’s stock valued at $34,000 after acquiring an additional 140 shares in the last quarter. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Honeywell International Stock Performance

NASDAQ HON traded down $4.50 during trading hours on Friday, hitting $184.64. 7,383,864 shares of the stock were exchanged, compared to its average volume of 3,330,634. The company has a market cap of $123.37 billion, a price-to-earnings ratio of 25.40, a price-to-earnings-growth ratio of 2.40 and a beta of 1.10. Honeywell International Inc. has a 12-month low of $166.63 and a 12-month high of $220.96. The stock has a 50-day moving average of $201.18 and a 200 day moving average of $199.27. The company has a quick ratio of 0.98, a current ratio of 1.25 and a debt-to-equity ratio of 0.87.

Honeywell International (NASDAQ:HON – Get Rating) last issued its earnings results on Thursday, February 2nd. The conglomerate reported $2.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.51 by $0.01. Honeywell International had a net margin of 14.00% and a return on equity of 32.89%. The company had revenue of $9.19 billion during the quarter, compared to analysts’ expectations of $9.26 billion. During the same period last year, the company posted $2.09 earnings per share. The firm’s quarterly revenue was up 6.1% compared to the same quarter last year. As a group, equities research analysts forecast that Honeywell International Inc. will post 9.03 earnings per share for the current year.

Honeywell International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 10th. Shareholders of record on Friday, February 24th were issued a $1.03 dividend. The ex-dividend date was Thursday, February 23rd. This represents a $4.12 dividend on an annualized basis and a yield of 2.23%. Honeywell International’s dividend payout ratio (DPR) is presently 56.67%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Credit Suisse Group decreased their price objective on shares of Honeywell International from $202.00 to $200.00 and set a “neutral” rating for the company in a research note on Friday, February 3rd. JPMorgan Chase & Co. upped their price objective on shares of Honeywell International from $205.00 to $215.00 and gave the company an “overweight” rating in a research note on Friday, February 3rd. Morgan Stanley upped their price objective on shares of Honeywell International from $209.00 to $213.00 and gave the company an “equal weight” rating in a research note on Friday, February 3rd. UBS Group decreased their price objective on shares of Honeywell International from $193.00 to $185.00 and set a “sell” rating for the company in a research note on Tuesday, February 28th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of Honeywell International from $242.00 to $235.00 in a research note on Friday, February 3rd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $214.88.

Honeywell International Company Profile

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Honeywell International, Inc is a software industrial company, which offers industry specific solutions to aerospace and automotive products and services. It specializes in turbochargers control, sensing and security technologies for buildings and homes, specialty chemicals, electronic and advanced materials, process technology for refining and petrochemicals, and energy efficient products and solutions for homes, business, and transportation.