Mitchell Sinkler & Starr PA Has $1.96 Million Stock Position in Honeywell International Inc. (NASDAQ:HON)

Mitchell Sinkler & Starr PA lifted its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 13.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,092 shares of the conglomerate’s stock after purchasing an additional 1,065 shares during the quarter. Mitchell Sinkler & Starr PA’s holdings in Honeywell International were worth $1,964,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. LGT Group Foundation bought a new stake in shares of Honeywell International during the 1st quarter worth $26,000. Scarborough Advisors LLC bought a new stake in shares of Honeywell International during the 4th quarter worth $27,000. Richardson Capital Management LLC bought a new stake in shares of Honeywell International during the 1st quarter worth $35,000. Financial Connections Group Inc. bought a new stake in shares of Honeywell International during the 2nd quarter worth $38,000. Finally, Pathway Financial Advisers LLC bought a new stake in shares of Honeywell International during the 1st quarter worth $39,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Price Performance

NASDAQ:HON opened at $200.95 on Wednesday. The company has a quick ratio of 0.91, a current ratio of 1.21 and a debt-to-equity ratio of 1.19. The firm has a market cap of $130.55 billion, a PE ratio of 23.29, a price-to-earnings-growth ratio of 2.25 and a beta of 1.03. Honeywell International Inc. has a 12 month low of $174.88 and a 12 month high of $220.79. The company’s 50-day moving average price is $205.97 and its two-hundred day moving average price is $203.19.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings data on Thursday, July 25th. The conglomerate reported $2.49 earnings per share 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 net margin of 15.49% and a return on equity of 36.87%. The company’s revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the business posted $2.23 earnings per share. On average, equities analysts anticipate that Honeywell International Inc. will post 10.12 EPS for the current fiscal year.

Honeywell International Announces Dividend

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

Analyst Ratings Changes

HON has been the subject of several recent analyst reports. StockNews.com downgraded shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Friday, August 30th. Daiwa America raised shares of Honeywell International to a “moderate buy” rating in a report on Wednesday, June 5th. UBS Group raised shares of Honeywell International from a “sell” rating to a “neutral” rating and increased their price target for the company from $175.00 to $215.00 in a report on Monday, June 10th. Morgan Stanley began coverage on shares of Honeywell International in a report on Friday, September 6th. They issued an “equal weight” rating and a $210.00 price target for the company. Finally, Wells Fargo & Company reduced their price target 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. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price 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.