J. Stern & Co. LLP Has $42.31 Million Holdings in Honeywell International Inc. (NASDAQ:HON)

J. Stern & Co. LLP boosted its position in Honeywell International Inc. (NASDAQ:HON) by 13.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 198,155 shares of the conglomerate’s stock after acquiring an additional 23,209 shares during the period. Honeywell International accounts for 5.0% of J. Stern & Co. LLP’s investment portfolio, making the stock its 9th biggest position. J. Stern & Co. LLP’s holdings in Honeywell International were worth $42,314,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Gryphon Financial Partners LLC lifted its stake in 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 period. Assetmark Inc. lifted its position in shares of 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 period. Advisory Services Network LLC boosted its stake in shares of Honeywell International by 9.6% during the 4th quarter. Advisory Services Network LLC now owns 19,954 shares of the conglomerate’s stock valued at $4,184,000 after purchasing an additional 1,756 shares in the last quarter. Godshalk Welsh Capital Management Inc. purchased a new position in shares of Honeywell International during the fourth quarter valued at about $204,000. Finally, Hudson Value Partners LLC lifted its holdings in Honeywell International by 14.4% in the fourth quarter. Hudson Value Partners LLC now owns 1,670 shares of the conglomerate’s stock worth $350,000 after buying an additional 210 shares during the period. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Stock Down 0.2 %

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 firm 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 fifty-two week low of $174.88 and a fifty-two week high of $220.79. The firm has a 50-day simple moving average of $204.50 and a two-hundred day simple moving average of $203.48.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings results 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 company had revenue of $9.58 billion during the quarter, compared to the consensus estimate of $9.41 billion. Honeywell International had a net margin of 15.49% and a return on equity of 36.87%. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the firm earned $2.23 earnings per share. Analysts predict that Honeywell International Inc. will post 10.11 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 16th were given a dividend of $1.08 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a $4.32 annualized dividend and a dividend yield of 2.12%. Honeywell International’s dividend payout ratio (DPR) is presently 50.06%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Morgan Stanley began coverage on Honeywell International in a research report on Friday, September 6th. They issued an “equal weight” rating and a $210.00 target price for the company. Wells Fargo & Company lowered their price objective on Honeywell International from $220.00 to $215.00 and set an “equal weight” rating for the company in a research report on Friday, July 26th. StockNews.com cut shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Friday, August 30th. Citigroup increased their price target on shares of Honeywell International from $243.00 to $244.00 and gave the stock a “buy” rating in a research note on Tuesday, June 4th. Finally, Royal Bank of Canada dropped their price objective on shares of 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 investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price 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.