Honeywell International Inc. (NASDAQ:HON) Position Boosted by Sunbelt Securities Inc.

Sunbelt Securities Inc. raised its position in shares of Honeywell International Inc. (NASDAQ:HON) by 2.4% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,122 shares of the conglomerate’s stock after buying an additional 144 shares during the quarter. Sunbelt Securities Inc.’s holdings in Honeywell International were worth $1,307,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. LGT Group Foundation acquired a new position in Honeywell International in the first quarter valued at approximately $26,000. Scarborough Advisors LLC bought a new position in Honeywell International during the 4th quarter worth $27,000. Richardson Capital Management LLC acquired a new stake in Honeywell International in the first quarter worth $35,000. Financial Connections Group Inc. bought a new stake in Honeywell International in the second quarter valued at $38,000. Finally, Pathway Financial Advisers LLC acquired a new position in Honeywell International during the 1st quarter valued at about $39,000. Institutional investors own 75.91% of the company’s stock.

Honeywell International Price Performance

HON opened at $206.71 on Tuesday. The firm has a market capitalization of $134.61 billion, a P/E ratio of 23.95, a PEG ratio of 2.32 and a beta of 1.03. The stock has a fifty day moving average of $203.17 and a 200-day moving average of $203.75. The company has a quick ratio of 0.91, a current ratio of 1.21 and a debt-to-equity ratio of 1.19. Honeywell International Inc. has a 12-month low of $174.88 and a 12-month high of $220.79.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings results on Thursday, July 25th. The conglomerate reported $2.49 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $9.41 billion. During the same period last year, the company posted $2.23 earnings per share. The firm’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 fiscal year.

Honeywell International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be issued a $1.13 dividend. The ex-dividend date is Friday, November 15th. This represents a $4.52 dividend on an annualized basis and a yield of 2.19%. This is an increase from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s dividend payout ratio is currently 52.38%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Wells Fargo & Company decreased their price target on Honeywell International from $220.00 to $215.00 and set an “equal weight” rating for the company in a research note on Friday, July 26th. Citigroup increased their price objective on shares of Honeywell International from $243.00 to $244.00 and gave the company a “buy” rating in a report on Tuesday, June 4th. Daiwa America raised Honeywell International to a “moderate buy” rating in a report on Wednesday, June 5th. Morgan Stanley started coverage on Honeywell International in a research note on Friday, September 6th. They set an “equal weight” rating and a $210.00 price target for the company. Finally, UBS Group raised shares of Honeywell International from a “sell” rating to a “neutral” rating and upped their price target for the company from $175.00 to $215.00 in a report on Monday, June 10th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock 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.