Summit Wealth Partners LLC Purchases 100 Shares of Honeywell International Inc. (NASDAQ:HON)

Summit Wealth Partners LLC boosted its position in Honeywell International Inc. (NASDAQ:HON) by 7.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,533 shares of the conglomerate’s stock after acquiring an additional 100 shares during the period. Summit Wealth Partners LLC’s holdings in Honeywell International were worth $327,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Heritage Wealth Management Inc. bought a new stake in Honeywell International in the second quarter valued at $982,000. Sanctuary Advisors LLC purchased a new stake in shares of Honeywell International in the 2nd quarter worth about $34,283,000. Farmers National Bank increased its position in shares of Honeywell International by 0.7% during the second quarter. Farmers National Bank now owns 28,414 shares of the conglomerate’s stock valued at $6,068,000 after buying an additional 205 shares during the period. Kestra Investment Management LLC bought a new position in Honeywell International in the second quarter worth about $520,000. Finally, Souders Financial Advisors purchased a new position in shares of Honeywell International during the 2nd quarter worth approximately $1,144,000. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Analyst Ratings Changes

HON has been the topic of several research reports. Citigroup lifted their price target on Honeywell International from $243.00 to $244.00 and gave the company a “buy” rating in a research report on Tuesday, June 4th. Wells Fargo & Company reduced their target price on shares of Honeywell International from $220.00 to $215.00 and set an “equal weight” rating on the stock in a research report on Friday, July 26th. UBS Group raised shares of Honeywell International from a “sell” rating to a “neutral” rating and lifted their price target for the company from $175.00 to $215.00 in a research report on Monday, June 10th. Royal Bank of Canada restated a “sector perform” rating and issued a $214.00 price objective on shares of Honeywell International in a report on Thursday, September 26th. Finally, Morgan Stanley initiated coverage on shares of Honeywell International in a report on Friday, September 6th. They set an “equal weight” rating and a $210.00 target price for the company. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $223.13.

Honeywell International Stock Performance

HON stock opened at $206.07 on Wednesday. The stock’s 50 day simple moving average is $202.94 and its 200 day simple moving average is $203.81. The company has a current ratio of 1.21, a quick ratio of 0.91 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. The stock has a market capitalization of $134.19 billion, a PE ratio of 23.88, a price-to-earnings-growth ratio of 2.32 and a beta of 1.03.

Honeywell International (NASDAQ:HON) last released its quarterly earnings data on Thursday, July 25th. The conglomerate reported $2.49 EPS for the quarter, beating the consensus estimate of $2.42 by $0.07. Honeywell International had a return on equity of 36.87% and a net margin of 15.49%. The company had revenue of $9.58 billion for the quarter, compared to analysts’ expectations of $9.41 billion. Honeywell International’s revenue was up 4.7% compared to the same quarter last year. During the same period last year, the firm posted $2.23 earnings per share. As a group, research analysts forecast that Honeywell International Inc. will post 10.11 earnings per share for the current fiscal year.

Honeywell International Increases Dividend

The business also recently announced 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 of this dividend is Friday, November 15th. This represents a $4.52 annualized dividend and a yield of 2.19%. This is a boost from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s dividend payout ratio (DPR) is currently 52.38%.

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.