Horizon Advisory Services Inc. Acquires 73 Shares of Honeywell International Inc. (NASDAQ:HON)

Horizon Advisory Services Inc. increased its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 6.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,184 shares of the conglomerate’s stock after purchasing an additional 73 shares during the quarter. Horizon Advisory Services Inc.’s holdings in Honeywell International were worth $253,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the company. Legal & General Group Plc lifted its holdings in Honeywell International by 0.9% in the second quarter. Legal & General Group Plc now owns 4,910,551 shares of the conglomerate’s stock valued at $1,048,600,000 after acquiring an additional 42,305 shares during the period. MBB Public Markets I LLC increased its position in Honeywell International by 1,063.8% in the second quarter. MBB Public Markets I LLC now owns 45,832 shares of the conglomerate’s stock worth $9,787,000 after buying an additional 41,894 shares in the last quarter. Dark Forest Capital Management LP purchased a new stake in Honeywell International in the second quarter worth about $466,000. Daymark Wealth Partners LLC increased its position in Honeywell International by 2.9% in the second quarter. Daymark Wealth Partners LLC now owns 130,497 shares of the conglomerate’s stock worth $27,866,000 after buying an additional 3,697 shares in the last quarter. Finally, Deprince Race & Zollo Inc. purchased a new stake in shares of Honeywell International during the second quarter worth about $27,328,000. Institutional investors own 75.91% of the company’s stock.

Honeywell International Price Performance

NASDAQ:HON opened at $207.63 on Friday. Honeywell International Inc. has a 1 year low of $174.88 and a 1 year high of $220.79. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.21 and a quick ratio of 0.91. The firm has a market capitalization of $135.21 billion, a price-to-earnings ratio of 24.06, a PEG ratio of 2.32 and a beta of 1.03. The business has a 50 day simple moving average of $203.38 and a 200-day simple moving average of $203.62.

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, topping 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 during the quarter, compared to analyst estimates of $9.41 billion. During the same period last year, the company earned $2.23 EPS. Honeywell International’s quarterly revenue was up 4.7% compared to the same quarter last year. Equities analysts forecast that Honeywell International Inc. will post 10.11 EPS for the current year.

Honeywell International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 16th were paid a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date of this dividend was Friday, August 16th. Honeywell International’s dividend payout ratio is currently 50.06%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Wells Fargo & Company cut their target price 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. Royal Bank of Canada restated a “sector perform” rating and set a $214.00 price target on shares of Honeywell International in a report on Thursday. Citigroup raised their price target on Honeywell International from $243.00 to $244.00 and gave the company a “buy” rating in a report on Tuesday, June 4th. UBS Group upgraded Honeywell International from a “sell” rating to a “neutral” rating and raised their price target for the company from $175.00 to $215.00 in a report on Monday, June 10th. Finally, Morgan Stanley started coverage on Honeywell International in a report on Friday, September 6th. They set an “equal weight” rating and a $210.00 price target for the company. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target 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.