Mount Yale Investment Advisors LLC Purchases 3,391 Shares of Honeywell International Inc. (NASDAQ:HON)

Mount Yale Investment Advisors LLC raised its position in shares of Honeywell International Inc. (NASDAQ:HON) by 264.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,672 shares of the conglomerate’s stock after buying an additional 3,391 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in Honeywell International were worth $998,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Connectus Wealth LLC boosted its stake in Honeywell International by 2.2% during the fourth 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. bought a new stake in shares of Honeywell International in the 4th quarter worth approximately $27,230,000. Trilogy Capital Inc. grew its stake in shares of Honeywell International by 125.7% in the 1st quarter. Trilogy Capital Inc. now owns 2,422 shares of the conglomerate’s stock worth $497,000 after buying an additional 1,349 shares during the last quarter. Jupiter Asset Management Ltd. bought a new position in Honeywell International during the 1st quarter valued at approximately $1,398,000. Finally, Lloyd Advisory Services LLC. purchased a new position in Honeywell International during the first quarter valued at $1,110,000. Institutional investors own 75.91% of the company’s stock.

Honeywell International Stock Down 0.2 %

Shares of Honeywell International stock opened at $203.35 on Monday. Honeywell International Inc. has a twelve month low of $174.88 and a twelve month high of $220.79. The company has a quick ratio of 0.91, a current ratio of 1.21 and a debt-to-equity ratio of 1.19. The company’s 50 day moving average is $204.50 and its 200 day moving average is $203.48. The company has a market cap of $132.42 billion, a price-to-earnings ratio of 23.56, a price-to-earnings-growth ratio of 2.32 and a beta of 1.03.

Honeywell International (NASDAQ:HON) last released its quarterly earnings results on Thursday, July 25th. The conglomerate reported $2.49 earnings per share 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 firm had revenue of $9.58 billion for the quarter, compared to analysts’ expectations of $9.41 billion. During the same period in the prior year, the firm earned $2.23 EPS. The company’s revenue was up 4.7% compared to the same quarter last year. Research analysts anticipate that Honeywell International Inc. will post 10.11 EPS for the current year.

Honeywell International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 16th were given a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a dividend yield of 2.12%. The ex-dividend date was Friday, August 16th. Honeywell International’s payout ratio is currently 50.06%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Citigroup increased their target price on Honeywell International from $243.00 to $244.00 and gave the stock a “buy” rating in a research note on Tuesday, June 4th. StockNews.com cut shares of Honeywell International from a “buy” rating to a “hold” rating in a research note on Friday, August 30th. Morgan Stanley started coverage on shares of Honeywell International in a research note on Friday, September 6th. They set an “equal weight” rating and a $210.00 price objective for the company. UBS Group upgraded shares of Honeywell International from a “sell” rating to a “neutral” rating and upped their target price for the stock from $175.00 to $215.00 in a research note on Monday, June 10th. Finally, Wells Fargo & Company reduced their price target on shares of 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. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus 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.