Honeywell International Inc. (NASDAQ:HON) Shares Purchased by Callan Capital LLC

Callan Capital LLC boosted its stake in Honeywell International Inc. (NASDAQ:HON) by 6.4% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 2,218 shares of the conglomerate’s stock after purchasing an additional 134 shares during the period. Callan Capital LLC’s holdings in Honeywell International were worth $474,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. LGT Group Foundation acquired a new stake in Honeywell International during the 1st quarter worth approximately $26,000. Scarborough Advisors LLC acquired a new stake in shares of Honeywell International in the fourth quarter valued at $27,000. Richardson Capital Management LLC purchased a new position in Honeywell International in the first quarter valued at $35,000. Financial Connections Group Inc. acquired a new position in Honeywell International during the 2nd quarter worth $38,000. Finally, Pathway Financial Advisers LLC purchased a new stake in Honeywell International during the 1st quarter worth about $39,000. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Stock Down 0.2 %

Honeywell International stock opened at $203.35 on Friday. The company has a market capitalization 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 debt-to-equity ratio of 1.19, a quick ratio of 0.91 and a current ratio of 1.21. Honeywell International Inc. has a fifty-two week low of $174.88 and a fifty-two week high of $220.79. The stock has a 50-day simple moving average of $204.50 and a 200-day simple moving average of $203.42.

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, beating the consensus estimate of $2.42 by $0.07. The business had revenue of $9.58 billion during the quarter, compared to the consensus estimate of $9.41 billion. Honeywell International had a return on equity of 36.87% and a net margin of 15.49%. The company’s revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the company earned $2.23 earnings per share. Equities research analysts expect that Honeywell International Inc. will post 10.11 earnings per share for the current year.

Honeywell International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 6th. Stockholders 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 dividend yield of 2.12%. Honeywell International’s payout ratio is 50.06%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on HON. Morgan Stanley started coverage on Honeywell International in a research note on Friday, September 6th. They issued an “equal weight” rating and a $210.00 price objective for the company. StockNews.com cut shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Friday, August 30th. Wells Fargo & Company dropped 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. UBS Group upgraded shares of Honeywell International from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $175.00 to $215.00 in a research note on Monday, June 10th. Finally, Royal Bank of Canada cut their price target 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. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock has an average 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.