Honeywell International Inc. (NASDAQ:HON) Shares Acquired by Ritholtz Wealth Management

Ritholtz Wealth Management lifted its holdings in Honeywell International Inc. (NASDAQ:HON) by 6.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,435 shares of the conglomerate’s stock after purchasing an additional 1,866 shares during the quarter. Ritholtz Wealth Management’s holdings in Honeywell International were worth $6,926,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. LGT Group Foundation purchased a new stake in shares of Honeywell International during the first quarter worth about $26,000. Altshuler Shaham Ltd purchased a new stake in Honeywell International during the 4th quarter worth approximately $27,000. Scarborough Advisors LLC acquired a new position in Honeywell International during the 4th quarter valued at approximately $27,000. Richardson Capital Management LLC purchased a new position in shares of Honeywell International in the first quarter worth $35,000. Finally, Financial Connections Group Inc. acquired a new stake in shares of Honeywell International during the second quarter worth $38,000. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Honeywell International Price Performance

Shares of HON stock traded up $0.40 on Friday, reaching $207.91. 1,923,464 shares of the company were exchanged, compared to its average volume of 2,762,533. Honeywell International Inc. has a 1 year low of $174.88 and a 1 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. The business has a 50-day moving average price of $207.45 and a 200 day moving average price of $202.93. The company has a market cap 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.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings data on Thursday, July 25th. The conglomerate reported $2.49 EPS for the quarter, topping the consensus estimate 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%. Honeywell International’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the business earned $2.23 EPS. Equities research analysts forecast that Honeywell International Inc. will post 10.12 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Friday, August 16th will be given a dividend of $1.08 per share. The ex-dividend date of this dividend is Friday, August 16th. This represents a $4.32 dividend on an annualized basis and a yield of 2.08%. Honeywell International’s payout ratio is presently 50.06%.

Analyst Upgrades and Downgrades

HON has been the topic of several research reports. Daiwa America raised 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 raised their price objective for the stock from $175.00 to $215.00 in a research note on Monday, June 10th. Royal Bank of Canada dropped their target price 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. StockNews.com downgraded shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Friday. Finally, Citigroup lifted their price objective on shares of Honeywell International from $243.00 to $244.00 and gave the company a “buy” rating in a research note on Tuesday, June 4th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $225.00.

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.