Waters Parkerson & CO. LLC Has $30.14 Million Stake in Honeywell International Inc. (NASDAQ:HON)

Waters Parkerson & CO. LLC boosted its position in shares of Honeywell International Inc. (NASDAQ:HON) by 1.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 141,126 shares of the conglomerate’s stock after purchasing an additional 1,781 shares during the period. Honeywell International accounts for 1.6% of Waters Parkerson & CO. LLC’s investment portfolio, making the stock its 22nd biggest holding. Waters Parkerson & CO. LLC’s holdings in Honeywell International were worth $30,136,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD boosted its holdings in shares of Honeywell International by 22.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 9,587,718 shares of the conglomerate’s stock worth $1,967,880,000 after purchasing an additional 1,746,759 shares during the period. Northern Trust Corp boosted its stake in shares of Honeywell International by 0.3% during the 4th quarter. Northern Trust Corp now owns 6,451,134 shares of the conglomerate’s stock valued at $1,352,867,000 after buying an additional 17,591 shares during the period. Capital Research Global Investors grew its holdings in shares of Honeywell International by 6.7% during the 1st quarter. Capital Research Global Investors now owns 3,402,252 shares of the conglomerate’s stock valued at $698,312,000 after acquiring an additional 212,327 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Honeywell International by 12.4% in the second quarter. Dimensional Fund Advisors LP now owns 2,950,562 shares of the conglomerate’s stock worth $630,086,000 after acquiring an additional 325,272 shares during the last quarter. Finally, Janus Henderson Group PLC raised its holdings in shares of Honeywell International by 8.1% during the first quarter. Janus Henderson Group PLC now owns 2,698,596 shares of the conglomerate’s stock worth $553,880,000 after acquiring an additional 202,358 shares in the last quarter. 75.91% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have commented on the company. Citigroup boosted their target price on Honeywell International from $243.00 to $244.00 and gave the company a “buy” rating in a research note on Tuesday, June 4th. Royal Bank of Canada lowered their price target on Honeywell International from $218.00 to $214.00 and set a “sector perform” rating for the company in a research note on Friday, July 26th. Wells Fargo & Company cut their price objective on shares of Honeywell International from $220.00 to $215.00 and set an “equal weight” 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 research report on Friday, August 30th. Finally, UBS Group upgraded shares of Honeywell International from a “sell” rating to a “neutral” rating and raised their price target for the company from $175.00 to $215.00 in a report on Monday, June 10th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $223.13.

Honeywell International Price Performance

Shares of Honeywell International stock opened at $203.70 on Friday. The company has a current ratio of 1.21, a quick ratio of 0.91 and a debt-to-equity ratio of 1.19. The firm has a fifty day simple moving average of $204.74 and a 200-day simple moving average of $203.39. The stock has a market capitalization of $132.65 billion, a price-to-earnings ratio of 23.60, a PEG 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.

Honeywell International (NASDAQ:HON) last released 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 during the quarter, compared to analyst estimates of $9.41 billion. During the same quarter in the previous year, the business earned $2.23 EPS. The business’s revenue was up 4.7% on a year-over-year basis. On average, sell-side analysts expect that Honeywell International Inc. will post 10.11 earnings per share 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 issued a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date was Friday, August 16th. Honeywell International’s dividend payout ratio (DPR) is currently 50.06%.

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.