Sei Investments Co. Buys 44,644 Shares of Honeywell International Inc. (NASDAQ:HON)

Sei Investments Co. increased its stake in Honeywell International Inc. (NASDAQ:HON) by 12.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 407,956 shares of the conglomerate’s stock after buying an additional 44,644 shares during the period. Sei Investments Co. owned 0.06% of Honeywell International worth $87,114,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of HON. AE Wealth Management LLC lifted its stake in shares of Honeywell International by 16.4% in the 2nd quarter. AE Wealth Management LLC now owns 88,985 shares of the conglomerate’s stock valued at $19,002,000 after purchasing an additional 12,530 shares during the period. Waters Parkerson & CO. LLC lifted its position in Honeywell International by 1.3% during the second quarter. Waters Parkerson & CO. LLC now owns 141,126 shares of the conglomerate’s stock valued at $30,136,000 after buying an additional 1,781 shares during the period. Callan Capital LLC boosted its holdings in shares of Honeywell International by 6.4% during the 2nd quarter. Callan Capital LLC now owns 2,218 shares of the conglomerate’s stock valued at $474,000 after buying an additional 134 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of Honeywell International by 17.0% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 18,773 shares of the conglomerate’s stock valued at $4,009,000 after buying an additional 2,734 shares in the last quarter. Finally, Ieq Capital LLC grew its position in shares of Honeywell International by 9.5% in the 2nd quarter. Ieq Capital LLC now owns 48,216 shares of the conglomerate’s stock worth $10,296,000 after buying an additional 4,187 shares during the period. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. UBS Group raised shares of Honeywell International from a “sell” rating to a “neutral” rating and lifted their price target for the company from $175.00 to $215.00 in a research report on Monday, June 10th. 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. Wells Fargo & Company cut their price target on Honeywell International from $220.00 to $215.00 and set an “equal weight” rating on the stock in a research note on Friday, July 26th. Daiwa America upgraded Honeywell International to a “moderate buy” rating in a research note on Wednesday, June 5th. Finally, Morgan Stanley began coverage on Honeywell International in a research note on Friday, September 6th. They issued an “equal weight” rating and a $210.00 target price on the stock. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Honeywell International currently has a consensus rating of “Hold” and a consensus price target of $223.13.

Honeywell International Trading Down 0.2 %

Shares of NASDAQ:HON opened at $203.35 on Friday. Honeywell International Inc. has a 1 year low of $174.88 and a 1 year high of $220.79. The stock’s fifty day moving average price is $204.50 and its 200-day moving average price is $203.46. 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 debt-to-equity ratio of 1.19, a current ratio of 1.21 and a quick ratio of 0.91.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings results on Thursday, July 25th. The conglomerate reported $2.49 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $9.41 billion. During the same quarter last year, the firm posted $2.23 EPS. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. Sell-side analysts expect that Honeywell International Inc. will post 10.11 earnings per share for the current year.

Honeywell International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 16th were paid a dividend of $1.08 per share. 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 dividend payout ratio is presently 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.