Webster Bank N. A. Raises Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

Webster Bank N. A. boosted its position in Honeywell International Inc. (NASDAQ:HON) by 2.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,091 shares of the conglomerate’s stock after buying an additional 371 shares during the quarter. Webster Bank N. A.’s holdings in Honeywell International were worth $2,924,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of HON. Moneta Group Investment Advisors LLC boosted its stake in Honeywell International by 101,603.5% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 5,707,601 shares of the conglomerate’s stock worth $1,223,139,000 after buying an additional 5,701,989 shares in the last quarter. CIBC Private Wealth Group LLC lifted its position in Honeywell International by 107.2% in the fourth quarter. CIBC Private Wealth Group LLC now owns 4,843,135 shares of the conglomerate’s stock valued at $1,037,884,000 after purchasing an additional 2,505,534 shares during the last quarter. Renaissance Technologies LLC bought a new stake in Honeywell International in the first quarter valued at approximately $349,081,000. Two Sigma Advisers LP lifted its position in Honeywell International by 367.4% in the first quarter. Two Sigma Advisers LP now owns 1,985,500 shares of the conglomerate’s stock valued at $379,469,000 after purchasing an additional 1,560,700 shares during the last quarter. Finally, Barclays PLC lifted its position in Honeywell International by 103.3% in the fourth quarter. Barclays PLC now owns 2,164,970 shares of the conglomerate’s stock valued at $463,954,000 after purchasing an additional 1,100,242 shares during the last quarter. Hedge funds and other institutional investors own 74.61% of the company’s stock.

Honeywell International Stock Up 0.2 %

Shares of NASDAQ HON traded up $0.32 during trading on Tuesday, reaching $194.78. The company had a trading volume of 1,260,911 shares, compared to its average volume of 2,785,112. Honeywell International Inc. has a 12-month low of $166.63 and a 12-month high of $220.96. The stock has a market cap of $129.33 billion, a PE ratio of 24.07, a P/E/G ratio of 2.35 and a beta of 1.07. The business’s 50-day moving average is $191.94 and its 200 day moving average is $195.48. The company has a quick ratio of 1.07, a current ratio of 1.41 and a debt-to-equity ratio of 0.98.

Honeywell International (NASDAQ:HON) last released its earnings results on Thursday, July 27th. The conglomerate reported $2.23 EPS for the quarter, topping analysts’ consensus estimates of $2.20 by $0.03. Honeywell International had a return on equity of 34.46% and a net margin of 15.08%. The firm had revenue of $9.10 billion for the quarter, compared to analysts’ expectations of $9.17 billion. During the same period in the prior year, the firm posted $2.10 earnings per share. The company’s quarterly revenue was up 1.6% on a year-over-year basis. As a group, equities analysts forecast that Honeywell International Inc. will post 9.16 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Friday, August 11th were paid a $1.03 dividend. The ex-dividend date of this dividend was Thursday, August 10th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.12%. Honeywell International’s dividend payout ratio is currently 50.99%.

Analyst Ratings Changes

HON has been the subject of several recent research reports. StockNews.com initiated coverage on Honeywell International in a research report on Monday, August 21st. They issued a “hold” rating for the company. Morgan Stanley upped their target price on Honeywell International from $219.00 to $221.00 in a report on Friday, July 28th. Finally, UBS Group decreased their target price on Honeywell International from $185.00 to $180.00 and set a “sell” rating for the company in a report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $215.07.

Honeywell International Profile

Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its 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 and management services.