Rovin Capital UT ADV Has $333,000 Position in Honeywell International Inc. (NASDAQ:HON)

Rovin Capital UT ADV increased its position in shares of Honeywell International Inc. (NASDAQ:HON) by 12.7% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 1,560 shares of the conglomerate’s stock after purchasing an additional 176 shares during the period. Rovin Capital UT ADV’s holdings in Honeywell International were worth $333,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. LGT Group Foundation bought a new stake in shares of Honeywell International during the 1st quarter worth $26,000. Altshuler Shaham Ltd bought a new position in shares of Honeywell International in the fourth quarter worth about $27,000. Scarborough Advisors LLC acquired a new stake in shares of Honeywell International in the 4th quarter valued at approximately $27,000. Rakuten Securities Inc. bought a new stake in shares of Honeywell International during the 4th quarter valued at approximately $31,000. Finally, Richardson Capital Management LLC acquired a new position in Honeywell International during the 1st quarter worth approximately $35,000. 75.91% of the stock is owned by institutional investors.

Analysts Set New Price Targets

HON has been the topic of a number of research analyst reports. Royal Bank of Canada cut 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 report on Friday, July 26th. Citigroup boosted their price objective on Honeywell International from $243.00 to $244.00 and gave the stock a “buy” rating in a research report on Tuesday, June 4th. UBS Group upgraded Honeywell International from a “sell” rating to a “neutral” rating and increased their target price for the company from $175.00 to $215.00 in a research report on Monday, June 10th. StockNews.com upgraded Honeywell International from a “hold” rating to a “buy” rating in a report on Friday. Finally, Daiwa America upgraded shares of Honeywell International to a “moderate buy” rating in a report on Wednesday, June 5th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Honeywell International presently has an average rating of “Moderate Buy” and a consensus price target of $225.00.

Honeywell International Trading Up 0.6 %

Shares of HON traded up $1.11 during mid-day trading on Friday, reaching $198.50. 2,811,121 shares of the company were exchanged, compared to its average volume of 2,931,357. The business has a 50 day simple moving average of $209.04 and a two-hundred day simple moving average of $202.41. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.91 and a current ratio of 1.21. The stock has a market capitalization of $129.26 billion, a PE ratio of 23.00, a PEG ratio of 2.32 and a beta of 1.04. Honeywell International Inc. has a 52 week low of $174.88 and a 52 week high of $220.79.

Honeywell International (NASDAQ:HON) last released its quarterly earnings results on Thursday, July 25th. The conglomerate reported $2.49 earnings per share (EPS) 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 firm had revenue of $9.58 billion during the quarter, compared to analyst estimates of $9.41 billion. During the same quarter last year, the business earned $2.23 EPS. The company’s revenue was up 4.7% compared to the same quarter last year. On average, analysts predict that Honeywell International Inc. will post 10.14 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

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

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.