DRW Securities LLC Takes $874,000 Position in Honeywell International Inc. (NASDAQ:HON)

DRW Securities LLC purchased a new stake in shares of Honeywell International Inc. (NASDAQ:HON) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 4,103 shares of the conglomerate’s stock, valued at approximately $874,000.

Other large investors have also recently bought and sold shares of the company. Gryphon Financial Partners LLC increased its stake in shares of Honeywell International by 211.0% in the fourth quarter. Gryphon Financial Partners LLC now owns 5,384 shares of the conglomerate’s stock worth $1,130,000 after acquiring an additional 3,653 shares during the last quarter. Assetmark Inc. increased its position in Honeywell International by 5.1% in the 4th quarter. Assetmark Inc. now owns 11,093 shares of the conglomerate’s stock worth $2,326,000 after purchasing an additional 543 shares during the last quarter. Advisory Services Network LLC increased its position in Honeywell International by 9.6% in the 4th quarter. Advisory Services Network LLC now owns 19,954 shares of the conglomerate’s stock worth $4,184,000 after purchasing an additional 1,756 shares during the last quarter. Godshalk Welsh Capital Management Inc. purchased a new stake in shares of Honeywell International during the 4th quarter worth about $204,000. Finally, Hudson Value Partners LLC lifted its holdings in shares of Honeywell International by 14.4% during the 4th quarter. Hudson Value Partners LLC now owns 1,670 shares of the conglomerate’s stock valued at $350,000 after buying an additional 210 shares during the last quarter. 75.91% of the stock is owned by institutional investors and hedge funds.

Honeywell International Trading Down 0.2 %

Shares of NASDAQ:HON opened at $203.35 on Monday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.91 and a current ratio of 1.21. The stock’s 50-day moving average is $204.50 and its 200-day moving average is $203.48. The company has a market cap of $132.42 billion, a P/E ratio of 23.56, a P/E/G ratio of 2.32 and a beta of 1.03. Honeywell International Inc. has a 52-week low of $174.88 and a 52-week 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 (EPS) for the quarter, beating analysts’ consensus estimates of $2.42 by $0.07. Honeywell International had a return on equity of 36.87% and a net margin of 15.49%. The firm had revenue of $9.58 billion for the quarter, compared to analyst estimates of $9.41 billion. During the same quarter last year, the firm posted $2.23 EPS. The company’s revenue was up 4.7% on a year-over-year basis. Equities research analysts predict that Honeywell International Inc. will post 10.11 earnings per share for the current year.

Honeywell International Dividend Announcement

The business also recently declared 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 of this dividend was Friday, August 16th. Honeywell International’s dividend payout ratio (DPR) is presently 50.06%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Morgan Stanley assumed coverage on shares of Honeywell International in a research report on Friday, September 6th. They set an “equal weight” rating and a $210.00 price objective on the stock. Daiwa America raised shares of Honeywell International to a “moderate buy” rating in a research note on Wednesday, June 5th. StockNews.com cut shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Friday, August 30th. Citigroup raised their target price on Honeywell International from $243.00 to $244.00 and gave the company a “buy” rating in a report on Tuesday, June 4th. Finally, Royal Bank of Canada decreased 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. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Honeywell International presently has a consensus rating of “Hold” and an average target price of $223.13.

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.