QRG Capital Management Inc. Purchases 3,581 Shares of Honeywell International Inc. (NASDAQ:HON)

QRG Capital Management Inc. boosted its position in Honeywell International Inc. (NASDAQ:HON) by 5.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 74,869 shares of the conglomerate’s stock after purchasing an additional 3,581 shares during the quarter. QRG Capital Management Inc.’s holdings in Honeywell International were worth $15,988,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in HON. River Street Advisors LLC boosted its position in shares of Honeywell International by 2.0% during the fourth quarter. River Street Advisors LLC now owns 2,599 shares of the conglomerate’s stock valued at $545,000 after buying an additional 50 shares during the period. Bard Financial Services Inc. increased its position in shares of Honeywell International by 0.3% during the second quarter. Bard Financial Services Inc. now owns 17,594 shares of the conglomerate’s stock worth $3,757,000 after purchasing an additional 50 shares in the last quarter. Quent Capital LLC increased its position in shares of Honeywell International by 3.0% during the second quarter. Quent Capital LLC now owns 1,773 shares of the conglomerate’s stock worth $379,000 after purchasing an additional 51 shares in the last quarter. Legacy Trust increased its position in shares of Honeywell International by 2.1% in the 1st quarter. Legacy Trust now owns 2,527 shares of the conglomerate’s stock valued at $519,000 after acquiring an additional 52 shares during the period. Finally, NTV Asset Management LLC increased its position in shares of Honeywell International by 1.5% in the 4th quarter. NTV Asset Management LLC now owns 3,722 shares of the conglomerate’s stock valued at $781,000 after acquiring an additional 55 shares during the period. 75.91% of the stock is owned by institutional investors and hedge funds.

Honeywell International Trading Down 0.8 %

Shares of Honeywell International stock traded down $1.59 during trading hours on Friday, hitting $198.23. The company’s stock had a trading volume of 1,888,151 shares, compared to its average volume of 2,922,609. Honeywell International Inc. has a 1-year low of $174.88 and a 1-year high of $220.79. The business has a fifty day moving average of $210.00 and a 200 day moving average of $202.56. The company has a market capitalization of $129.08 billion, a PE ratio of 22.97, a P/E/G ratio of 2.32 and a beta of 1.04. The company has a quick ratio of 0.91, a current ratio of 1.21 and a debt-to-equity ratio of 1.19.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings data on Thursday, July 25th. The conglomerate reported $2.49 EPS for the quarter, beating analysts’ consensus estimates of $2.42 by $0.07. The firm had revenue of $9.58 billion for the quarter, compared to the consensus estimate of $9.41 billion. Honeywell International had a net margin of 15.49% and a return on equity of 36.87%. The firm’s revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.23 EPS. As a group, equities analysts forecast that Honeywell International Inc. will post 10.14 EPS for the current year.

Honeywell International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Stockholders of record on Friday, August 16th will be issued a $1.08 dividend. The ex-dividend date is Friday, August 16th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.18%. Honeywell International’s dividend payout ratio is 50.06%.

Insiders Place Their Bets

In other Honeywell International news, Director Darius Adamczyk sold 28,500 shares of the stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $203.96, for a total transaction of $5,812,860.00. Following the transaction, the director now directly owns 203,510 shares of the company’s stock, valued at $41,507,899.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.41% of the company’s stock.

Analysts Set New Price Targets

HON has been the topic of several recent analyst reports. Royal Bank of Canada lowered their target price on shares of Honeywell International from $218.00 to $214.00 and set a “sector perform” rating on the stock in a research note on Friday, July 26th. Daiwa America upgraded shares of Honeywell International to a “moderate buy” rating in a report on Wednesday, June 5th. Wells Fargo & Company lowered their price objective on shares of Honeywell International from $220.00 to $215.00 and set an “equal weight” rating for the company in a research report on Friday, July 26th. Citigroup increased their price objective on shares of Honeywell International from $243.00 to $244.00 and gave the stock a “buy” rating in a research report on Tuesday, June 4th. Finally, StockNews.com cut shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Friday. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $225.00.

About Honeywell International

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.