Mather Group LLC. Acquires 2,592 Shares of Honeywell International Inc. (NASDAQ:HON)

Mather Group LLC. grew its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 30.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,969 shares of the conglomerate’s stock after buying an additional 2,592 shares during the quarter. Mather Group LLC.’s holdings in Honeywell International were worth $2,251,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Price T Rowe Associates Inc. MD raised its holdings in shares of Honeywell International by 22.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 9,587,718 shares of the conglomerate’s stock valued at $1,967,880,000 after acquiring an additional 1,746,759 shares in the last quarter. Northern Trust Corp boosted its stake in shares of Honeywell International by 0.3% during the 4th quarter. Northern Trust Corp now owns 6,451,134 shares of the conglomerate’s stock valued at $1,352,867,000 after purchasing an additional 17,591 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Honeywell International by 1.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,621,544 shares of the conglomerate’s stock valued at $759,474,000 after buying an additional 66,213 shares during the period. Capital Research Global Investors raised its stake in Honeywell International by 6.7% in the first quarter. Capital Research Global Investors now owns 3,402,252 shares of the conglomerate’s stock worth $698,312,000 after buying an additional 212,327 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its holdings in Honeywell International by 8.1% in the first quarter. Janus Henderson Group PLC now owns 2,698,596 shares of the conglomerate’s stock worth $553,880,000 after buying an additional 202,358 shares during the period. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Stock Down 0.5 %

HON stock traded down $0.91 during trading on Tuesday, hitting $198.80. 3,628,822 shares of the company’s stock traded hands, compared to its average volume of 2,930,089. The company has a quick ratio of 0.91, a current ratio of 1.21 and a debt-to-equity ratio of 1.19. The firm has a market capitalization of $129.46 billion, a P/E ratio of 23.04, a PEG ratio of 2.32 and a beta of 1.04. Honeywell International Inc. has a 1 year low of $174.88 and a 1 year high of $220.79. The business has a fifty day simple moving average of $210.09 and a two-hundred day simple moving average of $202.65.

Honeywell International (NASDAQ:HON) last issued its quarterly 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. The business had revenue of $9.58 billion for the quarter, compared to the consensus estimate of $9.41 billion. Honeywell International had a return on equity of 36.87% and a net margin of 15.49%. The business’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the firm posted $2.23 earnings per share. Sell-side analysts anticipate that Honeywell International Inc. will post 10.14 EPS for the current year.

Honeywell International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Friday, August 16th will be given a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a yield of 2.17%. The ex-dividend date of this dividend is Friday, August 16th. Honeywell International’s dividend payout ratio is currently 50.06%.

Insider Buying and Selling at Honeywell International

In other news, Director Darius Adamczyk sold 28,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $203.96, for a total transaction of $5,812,860.00. Following the completion of the transaction, the director now directly owns 203,510 shares of the company’s stock, valued at approximately $41,507,899.60. The sale was disclosed in a filing with the SEC, which is available at this link. 0.41% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have commented on HON shares. Daiwa America raised Honeywell International to a “moderate buy” rating in a research report on Wednesday, June 5th. Citigroup upped their target price on shares of Honeywell International from $243.00 to $244.00 and gave the stock a “buy” rating in a research note on Tuesday, June 4th. Royal Bank of Canada dropped their price objective on Honeywell International from $218.00 to $214.00 and set a “sector perform” rating on the stock in a research report on Friday, July 26th. Wells Fargo & Company decreased their target price on shares of 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, UBS Group upgraded shares of Honeywell International from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $175.00 to $215.00 in a research note on Monday, June 10th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $225.00.

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.