Honeywell International Inc. (NASDAQ:HON) Shares Bought by Howard Capital Management Group LLC

Howard Capital Management Group LLC increased its position in Honeywell International Inc. (NASDAQ:HON) by 6.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,760 shares of the conglomerate’s stock after acquiring an additional 174 shares during the period. Howard Capital Management Group LLC’s holdings in Honeywell International were worth $571,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD lifted its holdings in shares of Honeywell International by 22.3% in 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 purchasing an additional 1,746,759 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Honeywell International by 3.9% during the second quarter. Ameriprise Financial Inc. now owns 8,365,840 shares of the conglomerate’s stock valued at $1,786,449,000 after acquiring an additional 310,807 shares during the last quarter. Legal & General Group Plc increased its position in Honeywell International by 0.9% during the 2nd quarter. Legal & General Group Plc now owns 4,910,551 shares of the conglomerate’s stock worth $1,048,600,000 after purchasing an additional 42,305 shares in the last quarter. Capital Research Global Investors raised its stake in Honeywell International by 6.7% in the 1st quarter. Capital Research Global Investors now owns 3,402,252 shares of the conglomerate’s stock valued at $698,312,000 after purchasing an additional 212,327 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Honeywell International by 12.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,950,562 shares of the conglomerate’s stock valued at $630,086,000 after purchasing an additional 325,272 shares in the last quarter. 75.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Royal Bank of Canada reissued a “sector perform” rating and issued a $214.00 price objective on shares of Honeywell International in a research report on Thursday, September 26th. Morgan Stanley initiated coverage on Honeywell International in a research note on Friday, September 6th. They set an “equal weight” rating and a $210.00 price target on the stock. StockNews.com downgraded Honeywell International from a “buy” rating to a “hold” rating in a research report on Friday, August 30th. Wells Fargo & Company reduced their target price on Honeywell International from $215.00 to $207.00 and set an “equal weight” rating on the stock in a research report on Monday, October 7th. Finally, JPMorgan Chase & Co. cut Honeywell International from an “overweight” rating to a “neutral” rating and lifted their price target for the company from $225.00 to $235.00 in a report on Thursday, October 10th. Seven analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $223.56.

Honeywell International Price Performance

HON stock opened at $219.55 on Friday. The stock has a 50-day simple moving average of $205.05 and a 200-day simple moving average of $204.62. The firm has a market cap of $142.97 billion, a P/E ratio of 25.44, a price-to-earnings-growth ratio of 2.45 and a beta of 1.03. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.91 and a current ratio of 1.21. 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 (EPS) for the quarter, beating analysts’ consensus estimates of $2.42 by $0.07. The company had revenue of $9.58 billion for the quarter, compared to analyst estimates of $9.41 billion. Honeywell International had a net margin of 15.49% and a return on equity of 36.87%. The business’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the firm posted $2.23 earnings per share. On average, equities analysts predict that Honeywell International Inc. will post 10.1 earnings per share for the current fiscal year.

Honeywell International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be paid a dividend of $1.13 per share. The ex-dividend date of this dividend is Friday, November 15th. This is an increase from Honeywell International’s previous quarterly dividend of $1.08. This represents a $4.52 annualized dividend and a dividend yield of 2.06%. Honeywell International’s dividend payout ratio (DPR) is currently 52.38%.

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.