Appian Way Asset Management LP Makes New Investment in Honeywell International Inc. (NASDAQ:HON)

Appian Way Asset Management LP acquired a new stake in Honeywell International Inc. (NASDAQ:HON) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 4,500 shares of the conglomerate’s stock, valued at approximately $961,000.

Other institutional investors have also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD increased its holdings in shares of Honeywell International by 22.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,587,718 shares of the conglomerate’s stock valued at $1,967,880,000 after acquiring an additional 1,746,759 shares during the last quarter. Northern Trust Corp raised its holdings in shares of Honeywell International by 0.3% in the fourth quarter. Northern Trust Corp now owns 6,451,134 shares of the conglomerate’s stock valued at $1,352,867,000 after buying an additional 17,591 shares during the last quarter. Capital Research Global Investors grew its position in Honeywell International by 6.7% in the 1st quarter. Capital Research Global Investors now owns 3,402,252 shares of the conglomerate’s stock valued at $698,312,000 after buying an additional 212,327 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Honeywell International by 12.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,950,562 shares of the conglomerate’s stock worth $630,086,000 after purchasing an additional 325,272 shares during the period. Finally, Janus Henderson Group PLC increased its stake in Honeywell International by 8.1% in the 1st quarter. Janus Henderson Group PLC now owns 2,698,596 shares of the conglomerate’s stock valued at $553,880,000 after purchasing an additional 202,358 shares in the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Price Performance

HON opened at $203.77 on Tuesday. Honeywell International Inc. has a twelve month low of $174.88 and a twelve month high of $220.79. The company has a current ratio of 1.21, a quick ratio of 0.91 and a debt-to-equity ratio of 1.19. The firm has a market cap of $132.69 billion, a price-to-earnings ratio of 23.61, a PEG ratio of 2.32 and a beta of 1.03. The company has a fifty day simple moving average of $204.26 and a 200 day simple moving average of $203.49.

Honeywell International (NASDAQ:HON) last announced its 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 return on equity of 36.87% and a net margin of 15.49%. The company’s revenue was up 4.7% on a year-over-year basis. During the same period last year, the firm earned $2.23 earnings per share. Equities research analysts expect 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. Investors of record on Friday, August 16th were paid 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 yield of 2.12%. Honeywell International’s dividend payout ratio (DPR) is 50.06%.

Wall Street Analyst Weigh In

HON has been the subject of a number of recent research reports. Wells Fargo & Company dropped 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. Citigroup increased their price objective on shares of Honeywell International from $243.00 to $244.00 and gave the stock a “buy” rating in a report on Tuesday, June 4th. Royal Bank of Canada decreased their price target on shares of Honeywell International from $218.00 to $214.00 and set a “sector perform” rating on the stock in a report on Friday, July 26th. Morgan Stanley assumed coverage on Honeywell International in a research report on Friday, September 6th. They set an “equal weight” rating and a $210.00 price target for the company. Finally, StockNews.com lowered Honeywell International from a “buy” rating to a “hold” rating in a research note on Friday, August 30th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target 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.