Trueblood Wealth Management LLC Has $526,000 Stake in Honeywell International Inc. (NASDAQ:HON)

Trueblood Wealth Management LLC raised its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 2.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,463 shares of the conglomerate’s stock after purchasing an additional 62 shares during the quarter. Trueblood Wealth Management LLC’s holdings in Honeywell International were worth $526,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. LGT Group Foundation purchased a new stake in Honeywell International during the first quarter worth about $26,000. Scarborough Advisors LLC bought a new position in shares of Honeywell International in the fourth quarter worth approximately $27,000. Richardson Capital Management LLC bought a new position in shares of Honeywell International in the 1st quarter worth $35,000. Financial Connections Group Inc. bought a new position in shares of Honeywell International during the 2nd quarter valued at about $38,000. Finally, Pathway Financial Advisers LLC bought a new stake in shares of Honeywell International in the 1st quarter worth approximately $39,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Wall Street Analysts Forecast Growth

HON has been the topic of several recent research reports. Daiwa America raised shares of Honeywell International to a “moderate buy” rating in a report on Wednesday, June 5th. Morgan Stanley assumed coverage on Honeywell International in a research note on Friday, September 6th. They issued an “equal weight” rating and a $210.00 price target on the stock. Wells Fargo & Company dropped 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. StockNews.com cut Honeywell International from a “buy” rating to a “hold” rating in a research note on Friday, August 30th. Finally, Citigroup upped their target price on Honeywell International from $243.00 to $244.00 and gave the stock a “buy” rating in a report on Tuesday, June 4th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $223.13.

Honeywell International Stock Up 1.5 %

Shares of HON stock opened at $204.04 on Thursday. The company has a 50 day simple moving average of $205.80 and a two-hundred day simple moving average of $203.20. The stock has a market cap of $132.87 billion, a P/E ratio of 23.64, a P/E/G ratio of 2.25 and a beta of 1.03. 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.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings results on Thursday, July 25th. The conglomerate reported $2.49 earnings per share for the quarter, beating the consensus estimate 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 company’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.23 earnings per share. On average, research analysts expect that Honeywell International Inc. will post 10.12 earnings per share for the current year.

Honeywell International Announces Dividend

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

About Honeywell International

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.