Mercer Global Advisors Inc. ADV Boosts Stock Position in Honeywell International Inc. (NASDAQ:HON)

Mercer Global Advisors Inc. ADV grew its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 9.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 86,429 shares of the conglomerate’s stock after buying an additional 7,668 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Honeywell International were worth $18,456,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Connectus Wealth LLC grew its holdings in Honeywell International by 2.2% during the 4th quarter. Connectus Wealth LLC now owns 224,661 shares of the conglomerate’s stock worth $47,128,000 after acquiring an additional 4,789 shares in the last quarter. Sanibel Captiva Trust Company Inc. acquired a new stake in shares of Honeywell International during the 4th quarter valued at approximately $27,230,000. Trilogy Capital Inc. boosted its holdings in Honeywell International by 125.7% in the first quarter. Trilogy Capital Inc. now owns 2,422 shares of the conglomerate’s stock worth $497,000 after purchasing an additional 1,349 shares during the period. Jupiter Asset Management Ltd. bought a new stake in Honeywell International during the first quarter valued at $1,398,000. Finally, Lloyd Advisory Services LLC. acquired a new stake in shares of Honeywell International during the first quarter worth $1,110,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Trading Down 1.3 %

NASDAQ:HON opened at $201.64 on Thursday. Honeywell International Inc. has a 1 year low of $174.88 and a 1 year high of $220.79. The business has a fifty day moving average of $204.96 and a 200-day moving average of $203.39. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.91 and a current ratio of 1.21. The stock has a market cap of $131.31 billion, a price-to-earnings ratio of 23.37, a PEG ratio of 2.32 and a beta of 1.03.

Honeywell International (NASDAQ:HON) last released its earnings results 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 net margin of 15.49% and a return on equity of 36.87%. The firm had revenue of $9.58 billion for the quarter, compared to analysts’ expectations of $9.41 billion. During the same quarter last year, the company earned $2.23 EPS. Honeywell International’s quarterly revenue was up 4.7% on a year-over-year basis. Equities analysts predict that Honeywell International Inc. will post 10.11 earnings per share for the current year.

Honeywell International Announces Dividend

The company also recently announced 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. The ex-dividend date was Friday, August 16th. This represents a $4.32 annualized dividend and a yield of 2.14%. Honeywell International’s dividend payout ratio is currently 50.06%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. UBS Group raised shares of Honeywell International from a “sell” rating to a “neutral” rating and boosted their price objective 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. Wells Fargo & Company lowered their price objective 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. Daiwa America raised Honeywell International to a “moderate buy” rating in a research report on Wednesday, June 5th. Finally, Morgan Stanley started coverage on shares of 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. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Honeywell International presently has a consensus rating of “Hold” and an average price target 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.