Fairhaven Wealth Management LLC Raises Stock Position in Honeywell International Inc. (NASDAQ:HON)

Fairhaven Wealth Management LLC boosted its position in shares of Honeywell International Inc. (NASDAQ:HON) by 2.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,229 shares of the conglomerate’s stock after purchasing an additional 261 shares during the period. Honeywell International makes up 0.9% of Fairhaven Wealth Management LLC’s holdings, making the stock its 25th biggest holding. Fairhaven Wealth Management LLC’s holdings in Honeywell International were worth $2,825,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. LGT Group Foundation acquired a new position in shares of Honeywell International in the 1st quarter valued at $26,000. Scarborough Advisors LLC acquired a new position in shares of Honeywell International during the 4th quarter worth $27,000. Altshuler Shaham Ltd acquired a new stake in Honeywell International in the 4th quarter valued at about $27,000. Richardson Capital Management LLC acquired a new stake in Honeywell International in the 1st quarter valued at about $35,000. Finally, Financial Connections Group Inc. acquired a new stake in shares of Honeywell International during the 2nd quarter worth about $38,000. 75.91% of the stock is owned by hedge funds and other institutional investors.

Honeywell International Stock Performance

HON stock traded up $0.40 during midday trading on Friday, hitting $207.91. The stock had a trading volume of 1,923,464 shares, compared to its average volume of 2,762,533. The firm has a market capitalization of $135.07 billion, a price-to-earnings ratio of 24.09, a P/E/G ratio of 2.37 and a beta of 1.04. The stock has a 50-day simple moving average of $207.45 and a 200 day simple moving average of $202.93. Honeywell International Inc. has a 52 week low of $174.88 and a 52 week 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 announced its earnings results on Thursday, July 25th. The conglomerate reported $2.49 earnings per share for the quarter, beating analysts’ consensus estimates of $2.42 by $0.07. The company had revenue of $9.58 billion during the quarter, compared to analyst estimates of $9.41 billion. Honeywell International had a return on equity of 36.87% and a net margin of 15.49%. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period last year, the company posted $2.23 earnings per share. As a group, equities research analysts anticipate 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 will be paid on Friday, September 6th. Stockholders of record on Friday, August 16th will be issued a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a dividend yield of 2.08%. The ex-dividend date of this dividend is Friday, August 16th. Honeywell International’s dividend payout ratio (DPR) is presently 50.06%.

Analysts Set New Price Targets

Several research analysts recently commented on HON shares. Citigroup raised their price target 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. Daiwa America raised shares of Honeywell International to a “moderate buy” rating in a research report on Wednesday, June 5th. Wells Fargo & Company decreased their price objective on shares of Honeywell International from $220.00 to $215.00 and set an “equal weight” rating for the company in a report on Friday, July 26th. StockNews.com downgraded shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Friday. Finally, UBS Group upgraded Honeywell International from a “sell” rating to a “neutral” rating and raised their target price for the company from $175.00 to $215.00 in a research note on Monday, June 10th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $225.00.

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.