Honeywell International Inc. (NASDAQ:HON) Shares Purchased by WD Rutherford LLC

WD Rutherford LLC lifted its position in shares of Honeywell International Inc. (NASDAQ:HON) by 3.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,655 shares of the conglomerate’s stock after purchasing an additional 617 shares during the period. Honeywell International comprises 1.8% of WD Rutherford LLC’s portfolio, making the stock its 21st largest position. WD Rutherford LLC’s holdings in Honeywell International were worth $3,557,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in HON. LGT Group Foundation bought a new stake in shares of Honeywell International in the 1st quarter worth about $26,000. Altshuler Shaham Ltd bought a new position in shares of Honeywell International in the 4th quarter worth about $27,000. Scarborough Advisors LLC acquired a new position in shares of Honeywell International in the 4th quarter valued at about $27,000. Richardson Capital Management LLC acquired a new stake in Honeywell International during the first quarter worth about $35,000. Finally, Pathway Financial Advisers LLC bought a new position in Honeywell International in the first quarter worth about $39,000. 75.91% of the stock is owned by institutional investors and hedge funds.

Honeywell International Price Performance

Shares of HON traded up $2.34 during midday trading on Friday, reaching $202.48. The stock had a trading volume of 2,948,370 shares, compared to its average volume of 2,912,915. The firm’s 50 day moving average price is $208.19 and its 200-day moving average price is $202.59. Honeywell International Inc. has a 52 week low of $174.88 and a 52 week high of $220.79. The company has a market capitalization of $131.85 billion, a P/E ratio of 23.46, a P/E/G ratio of 2.32 and a beta of 1.04. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.21 and a quick ratio of 0.91.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings results on Thursday, July 25th. The conglomerate reported $2.49 EPS for the quarter, topping the consensus estimate of $2.42 by $0.07. Honeywell International had a net margin of 15.49% and a return on equity of 36.87%. The firm had revenue of $9.58 billion for the quarter, compared to analysts’ expectations of $9.41 billion. During the same period in the previous year, the business earned $2.23 earnings per share. Honeywell International’s revenue for the quarter was up 4.7% compared to the same quarter last year. On average, analysts forecast that Honeywell International Inc. will post 10.14 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Friday, August 16th will be issued a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date is Friday, August 16th. Honeywell International’s payout ratio is 50.06%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on HON. Royal Bank of Canada dropped their price target 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. 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. UBS Group raised shares of Honeywell International from a “sell” rating to a “neutral” rating and boosted their target price for the company from $175.00 to $215.00 in a research note on Monday, June 10th. StockNews.com upgraded shares of Honeywell International from a “hold” rating to a “buy” rating in a research report on Thursday. Finally, Daiwa America upgraded Honeywell International to a “moderate buy” rating in a research report on Wednesday, June 5th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $225.00.

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.