Ieq Capital LLC Has $10.30 Million Stake in Honeywell International Inc. (NASDAQ:HON)

Ieq Capital LLC increased its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 9.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 48,216 shares of the conglomerate’s stock after acquiring an additional 4,187 shares during the quarter. Ieq Capital LLC’s holdings in Honeywell International were worth $10,296,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. LGT Group Foundation acquired a new stake in shares of Honeywell International during the first quarter worth $26,000. Scarborough Advisors LLC bought a new stake in Honeywell International in the 4th quarter valued at about $27,000. Richardson Capital Management LLC acquired a new position in shares of Honeywell International during the 1st quarter worth approximately $35,000. Financial Connections Group Inc. bought a new position in shares of Honeywell International during the second quarter worth approximately $38,000. Finally, Pathway Financial Advisers LLC acquired a new stake in shares of Honeywell International in the first quarter valued at approximately $39,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on HON shares. Royal Bank of Canada lowered their price objective on Honeywell International from $218.00 to $214.00 and set a “sector perform” rating on the stock in a research note on Friday, July 26th. Morgan Stanley started coverage on Honeywell International in a research report on Friday, September 6th. They issued an “equal weight” rating and a $210.00 price target on the stock. UBS Group raised 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 research report on Monday, June 10th. Citigroup raised 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, Wells Fargo & Company cut 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 investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $223.13.

Honeywell International Trading Up 1.0 %

Shares of Honeywell International stock opened at $203.70 on Friday. The firm’s 50 day moving average is $204.74 and its 200 day moving average is $203.39. The firm has a market capitalization of $132.65 billion, a PE ratio of 23.60, a price-to-earnings-growth ratio of 2.32 and a beta of 1.03. Honeywell International Inc. has a 1 year low of $174.88 and a 1 year 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.

Honeywell International (NASDAQ:HON) last posted 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. Honeywell International had a net margin of 15.49% and a return on equity of 36.87%. The firm had revenue of $9.58 billion for the quarter, compared to analysts’ expectations of $9.41 billion. During the same quarter in the previous year, the firm posted $2.23 earnings per share. The company’s revenue was up 4.7% on a year-over-year basis. Equities research analysts forecast that Honeywell International Inc. will post 10.11 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 16th were given a $1.08 dividend. The ex-dividend date was Friday, August 16th. This represents a $4.32 annualized dividend and a yield of 2.12%. Honeywell International’s dividend payout ratio is presently 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.