Hazlett Burt & Watson Inc. Acquires 159 Shares of Honeywell International Inc. (NASDAQ:HON)

Hazlett Burt & Watson Inc. increased its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 7.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,358 shares of the conglomerate’s stock after acquiring an additional 159 shares during the period. Hazlett Burt & Watson Inc.’s holdings in Honeywell International were worth $503,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Cypress Wealth Services LLC grew its position in Honeywell International by 2.5% during the 2nd quarter. Cypress Wealth Services LLC now owns 1,952 shares of the conglomerate’s stock worth $417,000 after purchasing an additional 47 shares during the last quarter. Bard Financial Services Inc. grew its position in Honeywell International by 0.3% during the 2nd quarter. Bard Financial Services Inc. now owns 17,594 shares of the conglomerate’s stock worth $3,757,000 after purchasing an additional 50 shares during the last quarter. Quent Capital LLC grew its position in Honeywell International by 3.0% during the 2nd quarter. Quent Capital LLC now owns 1,773 shares of the conglomerate’s stock worth $379,000 after purchasing an additional 51 shares during the last quarter. Sivia Capital Partners LLC boosted its holdings in shares of Honeywell International by 3.9% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,430 shares of the conglomerate’s stock valued at $305,000 after acquiring an additional 54 shares during the last quarter. Finally, Analyst IMS Investment Management Services Ltd. boosted its holdings in shares of Honeywell International by 3.7% in the 4th quarter. Analyst IMS Investment Management Services Ltd. now owns 1,535 shares of the conglomerate’s stock valued at $322,000 after acquiring an additional 55 shares during the last quarter. Institutional investors own 75.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on HON shares. Citigroup upped their price objective on shares of Honeywell International from $243.00 to $244.00 and gave the company a “buy” rating in a report on Tuesday, June 4th. Wells Fargo & Company dropped their price objective on shares of Honeywell International from $220.00 to $215.00 and set an “equal weight” rating on the stock in a report on Friday, July 26th. Daiwa America raised shares of Honeywell International to a “moderate buy” rating in a report on Wednesday, June 5th. StockNews.com downgraded shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Friday, August 30th. Finally, Royal Bank of Canada decreased their target price on shares of Honeywell International from $218.00 to $214.00 and set a “sector perform” rating for the company in a research note on Friday, July 26th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $223.13.

Honeywell International Stock Performance

HON opened at $200.95 on Wednesday. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.21 and a quick ratio of 0.91. The firm has a fifty day moving average price of $205.97 and a 200 day moving average price of $203.19. The stock has a market cap of $130.55 billion, a P/E ratio of 23.29, a P/E/G ratio of 2.25 and a beta of 1.03. Honeywell International Inc. has a 1 year low of $174.88 and a 1 year high of $220.79.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings data on Thursday, July 25th. The conglomerate reported $2.49 earnings per share for the quarter, topping analysts’ consensus estimates of $2.42 by $0.07. The company had revenue of $9.58 billion during the quarter, compared to analysts’ expectations of $9.41 billion. Honeywell International had a net margin of 15.49% and a return on equity of 36.87%. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the prior year, the business posted $2.23 earnings per share. Equities research analysts anticipate that Honeywell International Inc. will post 10.12 earnings per share for the current year.

Honeywell International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 16th were given a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date of this dividend was Friday, August 16th. Honeywell International’s dividend payout ratio is presently 50.06%.

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.