Asio Capital LLC Buys 764 Shares of Honeywell International Inc. (NASDAQ:HON)

Asio Capital LLC raised its stake in Honeywell International Inc. (NASDAQ:HON) by 5.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,013 shares of the conglomerate’s stock after acquiring an additional 764 shares during the period. Asio Capital LLC’s holdings in Honeywell International were worth $3,310,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. LGT Group Foundation bought a new stake in Honeywell International during the first quarter worth $26,000. Scarborough Advisors LLC acquired a new stake in Honeywell International in the fourth quarter valued at about $27,000. Richardson Capital Management LLC bought a new position in Honeywell International in the first quarter valued at about $35,000. Financial Connections Group Inc. acquired a new position in Honeywell International during the second quarter worth about $38,000. Finally, Pathway Financial Advisers LLC bought a new position in shares of Honeywell International in the first quarter worth about $39,000. 75.91% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Honeywell International Price Performance

Shares of Honeywell International stock opened at $215.99 on Friday. The company has a market capitalization of $140.65 billion, a price-to-earnings ratio of 25.03, a PEG ratio of 2.45 and a beta of 1.03. The company has a quick ratio of 0.91, a current ratio of 1.21 and a debt-to-equity ratio of 1.19. Honeywell International Inc. has a 52 week low of $174.88 and a 52 week high of $220.79. The stock’s 50-day simple moving average is $203.51 and its 200-day simple moving average is $204.22.

Honeywell International (NASDAQ:HON) last released its earnings results on Thursday, July 25th. The conglomerate reported $2.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.42 by $0.07. The firm had revenue of $9.58 billion during 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 revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the business earned $2.23 EPS. As a group, analysts expect that Honeywell International Inc. will post 10.1 earnings per share for the current fiscal year.

Honeywell International Increases Dividend

The business also recently disclosed 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. 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 2.09%. The ex-dividend date is Friday, November 15th. Honeywell International’s payout ratio is presently 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.