Acadian Asset Management LLC Purchases 1,575 Shares of Honeywell International Inc. (NASDAQ:HON)

Acadian Asset Management LLC grew its position in Honeywell International Inc. (NASDAQ:HON) by 36.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,870 shares of the conglomerate’s stock after purchasing an additional 1,575 shares during the quarter. Acadian Asset Management LLC’s holdings in Honeywell International were worth $1,252,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Gryphon Financial Partners LLC boosted its stake in Honeywell International by 211.0% during the fourth quarter. Gryphon Financial Partners LLC now owns 5,384 shares of the conglomerate’s stock worth $1,130,000 after acquiring an additional 3,653 shares in the last quarter. Level Four Advisory Services LLC raised its holdings in Honeywell International by 15.2% during the fourth quarter. Level Four Advisory Services LLC now owns 5,605 shares of the conglomerate’s stock worth $1,176,000 after buying an additional 741 shares during the last quarter. Brown Advisory Inc. raised its holdings in Honeywell International by 0.5% during the fourth quarter. Brown Advisory Inc. now owns 92,294 shares of the conglomerate’s stock worth $19,355,000 after buying an additional 480 shares during the last quarter. Motco raised its holdings in Honeywell International by 0.4% during the fourth quarter. Motco now owns 47,571 shares of the conglomerate’s stock worth $9,976,000 after buying an additional 192 shares during the last quarter. Finally, Coldstream Capital Management Inc. raised its holdings in Honeywell International by 15.2% during the fourth quarter. Coldstream Capital Management Inc. now owns 11,502 shares of the conglomerate’s stock worth $2,412,000 after buying an additional 1,521 shares during the last quarter. 75.91% of the stock is owned by institutional investors.

Honeywell International Price Performance

HON opened at $204.15 on Monday. 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 firm has a market cap of $132.63 billion, a P/E ratio of 23.66, a PEG ratio of 2.32 and a beta of 1.03. Honeywell International Inc. has a fifty-two week low of $174.88 and a fifty-two week high of $220.79. The firm has a 50-day moving average of $205.48 and a 200 day moving average of $203.32.

Honeywell International (NASDAQ:HON) last issued its earnings results on Thursday, July 25th. The conglomerate reported $2.49 earnings per share for the quarter, topping analysts’ consensus estimates 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 company’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the business earned $2.23 earnings per share. On average, research analysts expect that Honeywell International Inc. will post 10.11 EPS for the current year.

Honeywell International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 16th were given 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 yield of 2.12%. Honeywell International’s dividend payout ratio is presently 50.06%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. UBS Group upgraded shares of Honeywell International from a “sell” rating to a “neutral” rating and upped their price objective for the stock from $175.00 to $215.00 in a report on Monday, June 10th. Wells Fargo & Company lowered their target price 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. Royal Bank of Canada lowered their target price on shares of Honeywell International from $218.00 to $214.00 and set a “sector perform” rating for the company in a report on Friday, July 26th. Citigroup increased their target price on shares of Honeywell International from $243.00 to $244.00 and gave the company a “buy” rating in a report on Tuesday, June 4th. Finally, Daiwa America upgraded shares of Honeywell International to a “moderate buy” rating in a report on Wednesday, June 5th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Honeywell International has a consensus rating of “Hold” and an average price target of $223.13.

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.