Waycross Partners LLC Purchases New Holdings in Honeywell International Inc. (NASDAQ:HON)

Waycross Partners LLC acquired a new position in Honeywell International Inc. (NASDAQ:HON) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 70,106 shares of the conglomerate’s stock, valued at approximately $14,970,000. Honeywell International comprises about 2.3% of Waycross Partners LLC’s investment portfolio, making the stock its 17th largest position.

Other institutional investors have also recently bought and sold shares of the company. Connectus Wealth LLC raised its holdings in shares of Honeywell International by 2.2% in the 4th quarter. Connectus Wealth LLC now owns 224,661 shares of the conglomerate’s stock worth $47,128,000 after purchasing an additional 4,789 shares during the period. Sanibel Captiva Trust Company Inc. bought a new stake in Honeywell International in the 4th quarter valued at about $27,230,000. Trilogy Capital Inc. lifted its holdings in Honeywell International by 125.7% during the first quarter. Trilogy Capital Inc. now owns 2,422 shares of the conglomerate’s stock valued at $497,000 after purchasing an additional 1,349 shares during the last quarter. Jupiter Asset Management Ltd. bought a new position in Honeywell International during the first quarter worth about $1,398,000. Finally, Lloyd Advisory Services LLC. purchased a new position in shares of Honeywell International in the first quarter worth about $1,110,000. Institutional investors own 75.91% of the company’s stock.

Honeywell International Trading Down 0.3 %

HON stock opened at $204.15 on Monday. Honeywell International Inc. has a one year low of $174.88 and a one year high of $220.79. The company has a market capitalization of $132.94 billion, a PE ratio of 23.66, a price-to-earnings-growth ratio of 2.32 and a beta of 1.03. The company’s 50 day moving average price is $205.48 and its two-hundred day moving average price is $203.32. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.91 and a current ratio of 1.21.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings results on Thursday, July 25th. The conglomerate reported $2.49 earnings per share 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 business had revenue of $9.58 billion during the quarter, compared to the consensus estimate of $9.41 billion. During the same period in the previous year, the firm posted $2.23 earnings per share. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. As a group, analysts predict that Honeywell International Inc. will post 10.11 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 16th were paid a $1.08 dividend. The ex-dividend date was Friday, August 16th. This represents a $4.32 dividend on an annualized basis and a yield of 2.12%. Honeywell International’s dividend payout ratio (DPR) is currently 50.06%.

Analysts Set New Price Targets

Several research analysts recently commented on HON shares. UBS Group raised shares of Honeywell International from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $175.00 to $215.00 in a report on Monday, June 10th. 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. Morgan Stanley initiated coverage on Honeywell International in a research note on Friday, September 6th. They set an “equal weight” rating and a $210.00 price objective on the stock. Wells Fargo & Company cut their target price on Honeywell International from $220.00 to $215.00 and set an “equal weight” rating for the company in a research note on Friday, July 26th. Finally, StockNews.com cut Honeywell International from a “buy” rating to a “hold” rating in a research report on Friday, August 30th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $223.13.

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.