Honeywell International Inc. (NASDAQ:HON) Shares Bought by Providence Wealth Advisors LLC

Providence Wealth Advisors LLC increased its stake in Honeywell International Inc. (NASDAQ:HON) by 1.3% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 22,067 shares of the conglomerate’s stock after acquiring an additional 282 shares during the period. Honeywell International makes up 3.7% of Providence Wealth Advisors LLC’s investment portfolio, making the stock its 4th largest position. Providence Wealth Advisors LLC’s holdings in Honeywell International were worth $4,699,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of HON. Retirement Planning Co of New England Inc. increased its stake in Honeywell International by 1.9% during the second quarter. Retirement Planning Co of New England Inc. now owns 3,460 shares of the conglomerate’s stock worth $739,000 after acquiring an additional 64 shares during the last quarter. Mystic Asset Management Inc. increased its position in Honeywell International by 4.2% during the 2nd quarter. Mystic Asset Management Inc. now owns 8,537 shares of the conglomerate’s stock worth $1,823,000 after purchasing an additional 345 shares in the last quarter. Hanson & Doremus Investment Management raised its holdings in Honeywell International by 1.7% in the second quarter. Hanson & Doremus Investment Management now owns 15,653 shares of the conglomerate’s stock valued at $3,343,000 after buying an additional 266 shares during the period. Wilkins Investment Counsel Inc. lifted its position in Honeywell International by 10.8% during the second quarter. Wilkins Investment Counsel Inc. now owns 2,055 shares of the conglomerate’s stock valued at $439,000 after buying an additional 200 shares in the last quarter. Finally, Diversify Wealth Management LLC purchased a new stake in Honeywell International during the second quarter worth approximately $2,323,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on HON. Daiwa America raised shares of Honeywell International to a “moderate buy” rating in a research report on Wednesday, June 5th. UBS Group upgraded Honeywell International from a “sell” rating to a “neutral” rating and increased their target price for the company from $175.00 to $215.00 in a research note on Monday, June 10th. StockNews.com cut Honeywell International from a “buy” rating to a “hold” rating in a report on Friday, August 30th. Wells Fargo & Company dropped their price objective on shares of Honeywell International from $220.00 to $215.00 and set an “equal weight” rating on the stock in a research note on Friday, July 26th. Finally, Morgan Stanley initiated coverage on shares of Honeywell International in a research note on Friday, September 6th. They issued an “equal weight” rating and a $210.00 target price for the company. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Honeywell International presently has a consensus rating of “Hold” and an average target price of $223.13.

Honeywell International Stock Down 0.3 %

Shares of NASDAQ:HON opened at $204.15 on Friday. 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. The firm has a market cap of $132.63 billion, a PE ratio of 23.66, a price-to-earnings-growth ratio of 2.32 and a beta of 1.03. The company has a fifty day simple moving average of $205.48 and a 200 day simple moving average of $203.28.

Honeywell International (NASDAQ:HON) last issued its earnings results 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 business 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 company’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.23 EPS. On average, equities research analysts anticipate that Honeywell International Inc. will post 10.11 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 16th were issued a $1.08 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.12%. Honeywell International’s dividend payout ratio (DPR) 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.