Mystic Asset Management Inc. Grows Holdings in Honeywell International Inc. (NASDAQ:HON)

Mystic Asset Management Inc. grew its position in Honeywell International Inc. (NASDAQ:HON) by 4.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,537 shares of the conglomerate’s stock after acquiring an additional 345 shares during the period. Mystic Asset Management Inc.’s holdings in Honeywell International were worth $1,823,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. LGT Group Foundation acquired a new position in Honeywell International in the 1st quarter worth about $26,000. Scarborough Advisors LLC purchased a new stake in shares of Honeywell International in the fourth quarter valued at approximately $27,000. Richardson Capital Management LLC acquired a new position in shares of Honeywell International during the 1st quarter worth approximately $35,000. Financial Connections Group Inc. purchased a new position in shares of Honeywell International during the 2nd quarter valued at approximately $38,000. Finally, Pathway Financial Advisers LLC acquired a new stake in Honeywell International in the 1st quarter valued at $39,000. 75.91% of the stock is owned by hedge funds and other institutional investors.

Honeywell International Stock Down 0.3 %

Shares of HON opened at $204.15 on Friday. The company’s 50-day moving average price is $205.48 and its 200 day moving average price is $203.28. Honeywell International Inc. has a 12-month low of $174.88 and a 12-month high of $220.79. The company has a current ratio of 1.21, a quick ratio of 0.91 and a debt-to-equity ratio of 1.19. The firm has a market cap of $132.63 billion, a P/E ratio of 23.66, a price-to-earnings-growth ratio of 2.32 and a beta of 1.03.

Honeywell International (NASDAQ:HON) last released its quarterly earnings results on Thursday, July 25th. The conglomerate reported $2.49 earnings per share (EPS) for the quarter, beating 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 net margin of 15.49% and a return on equity of 36.87%. The business’s revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the firm earned $2.23 EPS. On average, sell-side analysts forecast that Honeywell International Inc. will post 10.11 earnings per share for the current year.

Honeywell International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 16th were paid a $1.08 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.12%. Honeywell International’s payout ratio is presently 50.06%.

Wall Street Analyst Weigh In

HON has been the subject of a number of research analyst reports. UBS Group upgraded shares of Honeywell International from a “sell” rating to a “neutral” rating and upped their price objective for the stock from $175.00 to $215.00 in a research report on Monday, June 10th. Citigroup upped their price target on shares of Honeywell International from $243.00 to $244.00 and gave the stock a “buy” rating in a research report on Tuesday, June 4th. StockNews.com cut Honeywell International from a “buy” rating to a “hold” rating in a report on Friday, August 30th. Wells Fargo & Company cut their price objective on 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, Royal Bank of Canada decreased their target price 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. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $223.13.

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.