Morse Asset Management Inc Raises Stake in Honeywell International Inc. (NASDAQ:HON)

Morse Asset Management Inc increased its stake in Honeywell International Inc. (NASDAQ:HON) by 18.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,150 shares of the conglomerate’s stock after buying an additional 650 shares during the period. Morse Asset Management Inc’s holdings in Honeywell International were worth $886,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HON. Interval Partners LP bought a new position in shares of Honeywell International during the 2nd quarter worth $7,249,000. Evergreen Capital Management LLC increased its position in Honeywell International by 0.8% during the 2nd quarter. Evergreen Capital Management LLC now owns 11,726 shares of the conglomerate’s stock valued at $2,504,000 after purchasing an additional 97 shares during the period. Public Sector Pension Investment Board raised its holdings in shares of Honeywell International by 70.0% in the 2nd quarter. Public Sector Pension Investment Board now owns 24,908 shares of the conglomerate’s stock valued at $5,319,000 after purchasing an additional 10,252 shares in the last quarter. J. Stern & Co. LLP lifted its position in shares of Honeywell International by 13.3% in the 2nd quarter. J. Stern & Co. LLP now owns 198,155 shares of the conglomerate’s stock worth $42,314,000 after purchasing an additional 23,209 shares during the period. Finally, DRW Securities LLC bought a new position in shares of Honeywell International during the second quarter valued at approximately $874,000. Institutional investors own 75.91% of the company’s stock.

Honeywell International Stock Performance

HON opened at $203.35 on Monday. The company has a market cap of $132.42 billion, a P/E ratio of 23.56, a price-to-earnings-growth ratio of 2.32 and a beta of 1.03. The company has a quick ratio of 0.91, a current ratio of 1.21 and a debt-to-equity ratio of 1.19. The firm’s 50-day moving average price is $204.50 and its 200-day moving average price is $203.48. Honeywell International Inc. has a 52-week low of $174.88 and a 52-week high of $220.79.

Honeywell International (NASDAQ:HON) last issued 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 business had revenue of $9.58 billion for the quarter, compared to analyst estimates of $9.41 billion. During the same quarter in the prior year, the business posted $2.23 EPS. Honeywell International’s revenue for the quarter was up 4.7% compared to the same quarter last year. As a group, equities analysts anticipate that Honeywell International Inc. will post 10.11 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 6th. Shareholders 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 dividend on an annualized basis and a yield of 2.12%. Honeywell International’s dividend payout ratio is currently 50.06%.

Wall Street Analysts Forecast Growth

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

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.