Honeywell International Inc. (NASDAQ:HON) Shares Acquired by Morton Community Bank

Morton Community Bank boosted its position in shares of Honeywell International Inc. (NASDAQ:HON) by 6.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,168 shares of the conglomerate’s stock after purchasing an additional 1,010 shares during the period. Morton Community Bank’s holdings in Honeywell International were worth $3,666,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of HON. LGT Group Foundation acquired a new stake in shares of Honeywell International in the 1st quarter valued at about $26,000. Scarborough Advisors LLC bought a new position in Honeywell International during the 4th quarter worth approximately $27,000. Richardson Capital Management LLC acquired a new position in shares of Honeywell International in the 1st quarter worth approximately $35,000. Financial Connections Group Inc. bought a new stake in shares of Honeywell International in the 2nd quarter valued at approximately $38,000. Finally, Pathway Financial Advisers LLC bought a new position in Honeywell International during the first quarter worth $39,000. 75.91% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Morgan Stanley started coverage on shares of Honeywell International in a research note on Friday. They set an “equal weight” rating and a $210.00 price objective on the stock. Citigroup raised their price target on Honeywell International from $243.00 to $244.00 and gave the stock a “buy” rating in a report on Tuesday, June 4th. Daiwa America upgraded Honeywell International to a “moderate buy” rating in a research note on Wednesday, June 5th. StockNews.com cut Honeywell International from a “buy” rating to a “hold” rating in a research note on Friday, August 30th. Finally, Royal Bank of Canada dropped their price objective on shares of Honeywell International from $218.00 to $214.00 and set a “sector perform” rating on the stock in a report on Friday, July 26th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $223.13.

Honeywell International Price Performance

Shares of NASDAQ HON traded down $4.85 during midday trading on Friday, reaching $198.13. The company’s stock had a trading volume of 2,540,656 shares, compared to its average volume of 2,869,869. Honeywell International Inc. has a one year low of $174.88 and a one year high of $220.79. The company has a market cap of $129.02 billion, a price-to-earnings ratio of 22.96, a price-to-earnings-growth ratio of 2.37 and a beta of 1.03. The company has a 50 day moving average price of $206.41 and a 200 day moving average price of $203.16. 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 announced its earnings results on Thursday, July 25th. The conglomerate reported $2.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.42 by $0.07. Honeywell International had a return on equity of 36.87% and a net margin of 15.49%. 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 firm earned $2.23 earnings per share. Honeywell International’s revenue for the quarter was up 4.7% compared to the same quarter last year. On average, equities research analysts expect that Honeywell International Inc. will post 10.12 EPS for the current year.

Honeywell International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 16th were paid a $1.08 dividend. This represents a $4.32 annualized dividend and a yield of 2.18%. The ex-dividend date of this dividend was Friday, August 16th. Honeywell International’s dividend payout ratio is currently 50.06%.

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.