Quarry LP Has $144,000 Stake in Honeywell International Inc. (NASDAQ:HON)

Quarry LP increased its holdings in Honeywell International Inc. (NASDAQ:HON) by 906.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 674 shares of the conglomerate’s stock after buying an additional 607 shares during the period. Quarry LP’s holdings in Honeywell International were worth $144,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. LGT Group Foundation acquired a new position in Honeywell International during the first quarter valued at approximately $26,000. Scarborough Advisors LLC bought a new stake in Honeywell International during the fourth quarter worth $27,000. Richardson Capital Management LLC bought a new stake in Honeywell International during the first quarter worth $35,000. Financial Connections Group Inc. acquired a new stake in Honeywell International in the second quarter valued at about $38,000. Finally, Pathway Financial Advisers LLC bought a new position in Honeywell International in the first quarter valued at about $39,000. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Stock Performance

Shares of HON stock opened at $206.71 on Tuesday. The business’s 50-day moving average price is $203.17 and its 200-day moving average price is $203.75. 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 capitalization of $134.61 billion, a price-to-earnings ratio of 23.95, a PEG ratio of 2.32 and a beta of 1.03. 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 data on Thursday, July 25th. The conglomerate reported $2.49 EPS for the quarter, topping analysts’ consensus estimates of $2.42 by $0.07. The company had revenue of $9.58 billion for the quarter, compared to analyst estimates of $9.41 billion. Honeywell International had a return on equity of 36.87% and a net margin of 15.49%. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the firm earned $2.23 earnings per share. Equities research analysts forecast that Honeywell International Inc. will post 10.11 EPS for the current year.

Honeywell International Increases Dividend

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

Wall Street Analyst Weigh In

HON has been the topic of a number of recent analyst reports. Royal Bank of Canada reiterated a “sector perform” rating and issued a $214.00 target price on shares of Honeywell International in a research report on Thursday, September 26th. UBS Group upgraded Honeywell International from a “sell” rating to a “neutral” rating and lifted their target price for the company from $175.00 to $215.00 in a research report on Monday, June 10th. StockNews.com cut Honeywell International from a “buy” rating to a “hold” rating in a research report on Friday, August 30th. Morgan Stanley initiated coverage on Honeywell International in a research report on Friday, September 6th. They issued an “equal weight” rating and a $210.00 target price on the stock. Finally, Daiwa America upgraded Honeywell International to a “moderate buy” rating in a research report on Wednesday, June 5th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price 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.