Slow Capital Inc. Has $7.60 Million Position in Honeywell International Inc. (NASDAQ:HON)

Slow Capital Inc. increased its position in shares of Honeywell International Inc. (NASDAQ:HON) by 2.6% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 36,785 shares of the conglomerate’s stock after purchasing an additional 931 shares during the period. Honeywell International makes up about 1.2% of Slow Capital Inc.’s portfolio, making the stock its 19th biggest holding. Slow Capital Inc.’s holdings in Honeywell International were worth $7,604,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the company. LGT Group Foundation bought a new position in Honeywell International in the 1st quarter valued at approximately $26,000. Richardson Capital Management LLC acquired a new stake in shares of Honeywell International during the first quarter valued at about $35,000. Financial Connections Group Inc. acquired a new position in shares of Honeywell International in the second quarter valued at approximately $38,000. Pathway Financial Advisers LLC bought a new position in Honeywell International in the 1st quarter valued at approximately $39,000. Finally, TruNorth Capital Management LLC acquired a new stake in Honeywell International during the 2nd quarter worth approximately $43,000. 75.91% of the stock is owned by institutional investors.

Honeywell International Stock Performance

Shares of HON stock opened at $222.02 on Friday. 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 Inc. has a 52 week low of $174.88 and a 52 week high of $222.07. The firm has a 50 day moving average of $205.53 and a 200-day moving average of $204.75. The company has a market cap of $144.58 billion, a price-to-earnings ratio of 25.73, a price-to-earnings-growth ratio of 2.45 and a beta of 1.03.

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, beating the consensus estimate of $2.42 by $0.07. The firm had revenue of $9.58 billion during 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 business’s revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.23 earnings per share. On average, equities analysts forecast that Honeywell International Inc. will post 10.1 earnings per share for the current year.

Honeywell International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be paid a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date of this dividend is Friday, November 15th. This is a boost from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s dividend payout ratio (DPR) is 52.38%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Wells Fargo & Company dropped their price target on shares of Honeywell International from $215.00 to $207.00 and set an “equal weight” rating for the company in a research note on Monday, October 7th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $214.00 target price on shares of Honeywell International in a report on Thursday, September 26th. StockNews.com cut Honeywell International from a “buy” rating to a “hold” rating in a research note on Friday, August 30th. Morgan Stanley initiated coverage on Honeywell International in a research note on Friday, September 6th. They issued an “equal weight” rating and a $210.00 price objective on the stock. Finally, JPMorgan Chase & Co. downgraded shares of Honeywell International from an “overweight” rating to a “neutral” rating and increased their target price for the company from $225.00 to $235.00 in a research report on Thursday, October 10th. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $223.56.

Honeywell International 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.