Chesapeake Wealth Management Has $496,000 Position in Honeywell International Inc. (NASDAQ:HON)

Chesapeake Wealth Management decreased its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 56.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,324 shares of the conglomerate’s stock after selling 2,975 shares during the quarter. Chesapeake Wealth Management’s holdings in Honeywell International were worth $496,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. LGT Group Foundation bought a new position in shares of Honeywell International during the first quarter worth approximately $26,000. Scarborough Advisors LLC bought a new position in Honeywell International during the 4th quarter worth $27,000. Richardson Capital Management LLC acquired a new stake in shares of Honeywell International during the first quarter worth $35,000. Financial Connections Group Inc. bought a new stake in shares of Honeywell International in the second quarter valued at about $38,000. Finally, Pathway Financial Advisers LLC acquired a new position in shares of Honeywell International in the first quarter valued at about $39,000. 75.91% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on HON shares. Citigroup increased their target price on shares of Honeywell International from $243.00 to $244.00 and gave the stock a “buy” rating in a research report on Tuesday, June 4th. Daiwa America upgraded Honeywell International to a “moderate buy” rating in a research note on Wednesday, June 5th. Morgan Stanley initiated coverage on Honeywell International in a research report on Friday, September 6th. They set an “equal weight” rating and a $210.00 target price for the company. UBS Group raised Honeywell International from a “sell” rating to a “neutral” rating and boosted their price target for the company from $175.00 to $215.00 in a research note on Monday, June 10th. Finally, Wells Fargo & Company decreased their target price on shares of Honeywell International from $220.00 to $215.00 and set an “equal weight” rating on the stock in a report on Friday, July 26th. Six investment 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 currently has an average rating of “Hold” and a consensus price target of $223.13.

Honeywell International Trading Down 0.2 %

HON opened at $203.35 on Friday. The company has a market cap of $132.42 billion, a P/E ratio of 23.56, a PEG ratio of 2.32 and a beta of 1.03. 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 company’s 50 day moving average is $204.50 and its 200-day moving average is $203.42. Honeywell International Inc. has a 1-year low of $174.88 and a 1-year high of $220.79.

Honeywell International (NASDAQ:HON) last issued its earnings results on Thursday, July 25th. The conglomerate reported $2.49 earnings per share for the quarter, beating analysts’ consensus estimates of $2.42 by $0.07. The firm had revenue of $9.58 billion for 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 posted $2.23 earnings per share. Equities research analysts predict 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 issued a $1.08 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $4.32 dividend on an annualized basis and a yield of 2.12%. Honeywell International’s 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.