Tlwm increased its holdings in shares of Honeywell International Inc. (NYSE:HON) by 1.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,853 shares of the conglomerate’s stock after purchasing an additional 89 shares during the period. Honeywell International accounts for 0.4% of Tlwm’s investment portfolio, making the stock its 26th largest holding. Tlwm’s holdings in Honeywell International were worth $1,069,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in the company. Harvest Group Wealth Management LLC purchased a new position in Honeywell International during the 2nd quarter valued at about $36,000. Certified Advisory Corp purchased a new position in Honeywell International during the 1st quarter valued at about $50,000. SRS Capital Advisors Inc. purchased a new stake in shares of Honeywell International during the second quarter worth about $53,000. Better Money Decisions LLC purchased a new stake in shares of Honeywell International during the second quarter worth about $55,000. Finally, MV Capital Management Inc. grew its holdings in shares of Honeywell International by 29.8% during the second quarter. MV Capital Management Inc. now owns 327 shares of the conglomerate’s stock worth $72,000 after buying an additional 75 shares in the last quarter. Institutional investors own 75.66% of the company’s stock.
A number of equities research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Honeywell International from $245.00 to $251.00 and gave the company a “buy” rating in a report on Monday, July 26th. Robert W. Baird boosted their target price on shares of Honeywell International from $247.00 to $251.00 and gave the stock an “outperform” rating in a research report on Monday, July 26th. Barclays boosted their target price on shares of Honeywell International from $245.00 to $253.00 and gave the stock an “overweight” rating in a research report on Monday, July 26th. Finally, Royal Bank of Canada upped their price target on shares of Honeywell International from $227.00 to $231.00 and gave the company a “sector perform” rating in a report on Monday, July 26th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $231.62.
HON traded up $1.39 on Wednesday, reaching $221.58. The company had a trading volume of 58,990 shares, compared to its average volume of 2,750,400. The company has a fifty day moving average of $228.73 and a 200-day moving average of $223.72. The company has a market capitalization of $152.98 billion, a P/E ratio of 31.23, a PEG ratio of 2.57 and a beta of 1.16. The company has a current ratio of 1.41, a quick ratio of 1.15 and a debt-to-equity ratio of 0.89. Honeywell International Inc. has a one year low of $156.85 and a one year high of $236.86.
Honeywell International (NYSE:HON) last announced its earnings results on Thursday, July 22nd. The conglomerate reported $2.02 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.94 by $0.08. The firm had revenue of $8.09 billion during the quarter, compared to analyst estimates of $8.66 billion. Honeywell International had a net margin of 14.65% and a return on equity of 29.44%. Honeywell International’s revenue was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.26 EPS. Research analysts predict that Honeywell International Inc. will post 8.1 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 3rd. Shareholders of record on Friday, August 13th were issued a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date was Thursday, August 12th. Honeywell International’s payout ratio is 52.39%.
About Honeywell International
Honeywell International, Inc is a software industrial company, which offers industry specific solutions to aerospace and automotive products and services. It specializes in turbochargers control, sensing and security technologies for buildings and homes; specialty chemicals; electronic and advanced materials; process technology for refining and petrochemicals; and energy efficient products and solutions for homes, business and transportation.
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