Lynch & Associates IN trimmed its holdings in Honeywell International Inc. (NASDAQ:HON – Free Report) by 0.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 27,497 shares of the conglomerate’s stock after selling 87 shares during the period. Honeywell International makes up about 1.5% of Lynch & Associates IN’s holdings, making the stock its 23rd largest holding. Lynch & Associates IN’s holdings in Honeywell International were worth $5,706,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. 1776 Wealth LLC grew its stake in Honeywell International by 2.7% in the 4th quarter. 1776 Wealth LLC now owns 1,918 shares of the conglomerate’s stock valued at $411,000 after buying an additional 50 shares during the last quarter. Indiana Trust & Investment Management CO lifted its position in shares of Honeywell International by 0.9% during the 2nd quarter. Indiana Trust & Investment Management CO now owns 5,713 shares of the conglomerate’s stock worth $1,185,000 after purchasing an additional 50 shares during the last quarter. SkyOak Wealth LLC boosted its stake in Honeywell International by 1.7% during the 1st quarter. SkyOak Wealth LLC now owns 3,028 shares of the conglomerate’s stock valued at $579,000 after purchasing an additional 52 shares during the period. Pflug Koory LLC grew its holdings in Honeywell International by 0.4% in the 1st quarter. Pflug Koory LLC now owns 14,772 shares of the conglomerate’s stock valued at $2,823,000 after buying an additional 53 shares during the last quarter. Finally, Viawealth LLC increased its position in Honeywell International by 0.9% in the 1st quarter. Viawealth LLC now owns 5,707 shares of the conglomerate’s stock worth $1,091,000 after buying an additional 53 shares during the period. Institutional investors and hedge funds own 74.61% of the company’s stock.
Wall Street Analyst Weigh In
Several equities research analysts have recently issued reports on HON shares. Morgan Stanley raised their price objective on shares of Honeywell International from $219.00 to $221.00 in a research note on Friday, July 28th. StockNews.com began coverage on shares of Honeywell International in a research report on Monday, August 21st. They set a “hold” rating for the company. Finally, UBS Group reduced their target price on shares of Honeywell International from $185.00 to $180.00 and set a “sell” rating for the company in a research note on Friday, July 28th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Honeywell International presently has a consensus rating of “Hold” and a consensus price target of $215.07.
Honeywell International Price Performance
Shares of NASDAQ:HON traded down $0.49 on Tuesday, hitting $193.97. The stock had a trading volume of 1,039,947 shares, compared to its average volume of 2,783,920. The firm’s 50 day moving average price is $191.94 and its 200-day moving average price is $195.48. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.07 and a current ratio of 1.41. Honeywell International Inc. has a twelve month low of $166.63 and a twelve month high of $220.96. The company has a market capitalization of $128.79 billion, a price-to-earnings ratio of 24.07, a price-to-earnings-growth ratio of 2.35 and a beta of 1.07.
Honeywell International (NASDAQ:HON – Get Free Report) last issued its quarterly earnings data on Thursday, July 27th. The conglomerate reported $2.23 earnings per share for the quarter, topping the consensus estimate of $2.20 by $0.03. The firm had revenue of $9.10 billion for the quarter, compared to analysts’ expectations of $9.17 billion. Honeywell International had a net margin of 15.08% and a return on equity of 34.46%. The company’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.10 earnings per share. On average, equities research analysts predict that Honeywell International Inc. will post 9.16 earnings per share for the current year.
Honeywell International Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Friday, August 11th were paid a $1.03 dividend. The ex-dividend date of this dividend was Thursday, August 10th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.12%. Honeywell International’s dividend payout ratio (DPR) is presently 50.99%.
Honeywell International Profile
Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its 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 and management services.
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