Doheny Asset Management CA Buys 2,006 Shares of Honeywell International Inc. (NASDAQ:HON)

Doheny Asset Management CA raised its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 100.6% in the 2nd quarter, Holdings Channel reports. The firm owned 4,000 shares of the conglomerate’s stock after acquiring an additional 2,006 shares during the period. Doheny Asset Management CA’s holdings in Honeywell International were worth $854,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. LGT Group Foundation bought a new position in shares of Honeywell International during the 1st quarter valued at about $26,000. Scarborough Advisors LLC purchased a new stake in shares of Honeywell International during the 4th quarter valued at about $27,000. Richardson Capital Management LLC purchased a new stake in shares of Honeywell International during the 1st quarter valued at about $35,000. Financial Connections Group Inc. purchased a new stake in shares of Honeywell International during the 2nd quarter valued at about $38,000. Finally, Pathway Financial Advisers LLC purchased a new stake in shares of Honeywell International during the 1st quarter valued at about $39,000. Institutional investors own 75.91% of the company’s stock.

Honeywell International Stock Performance

Shares of NASDAQ:HON opened at $201.16 on Tuesday. The firm has a market cap of $130.69 billion, a PE ratio of 23.31, a price-to-earnings-growth ratio of 2.25 and a beta of 1.03. The firm’s 50 day simple moving average is $206.21 and its 200-day simple moving average is $203.19. Honeywell International Inc. has a one year low of $174.88 and a one year high of $220.79. 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 (NASDAQ:HON) last issued its earnings results on Thursday, July 25th. The conglomerate reported $2.49 EPS for the quarter, topping analysts’ consensus estimates of $2.42 by $0.07. Honeywell International had a net margin of 15.49% and a return on equity of 36.87%. The business had revenue of $9.58 billion for the quarter, compared to analyst estimates of $9.41 billion. During the same period last year, the company posted $2.23 earnings per share. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. As a group, equities analysts predict that Honeywell International Inc. will post 10.12 EPS for the current year.

Honeywell International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 16th were paid a dividend of $1.08 per share. The ex-dividend date was Friday, August 16th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.15%. Honeywell International’s dividend payout ratio is presently 50.06%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on HON shares. Wells Fargo & Company decreased their target price on shares of Honeywell International from $220.00 to $215.00 and set an “equal weight” rating on the stock in a research report on Friday, July 26th. Citigroup increased their price objective 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. Daiwa America raised shares of Honeywell International to a “moderate buy” rating in a research report on Wednesday, June 5th. UBS Group raised shares of Honeywell International from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $175.00 to $215.00 in a research report on Monday, June 10th. Finally, Morgan Stanley started coverage on shares of Honeywell International in a research report on Friday. They issued an “equal weight” rating and a $210.00 price objective on the stock. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Honeywell International has an average rating of “Hold” and an average price target of $223.13.

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.