Hexagon Capital Partners LLC Has $392,000 Position in Honeywell International Inc. (NASDAQ:HON)

Hexagon Capital Partners LLC boosted its stake in Honeywell International Inc. (NASDAQ:HON) by 15.6% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,897 shares of the conglomerate’s stock after buying an additional 256 shares during the quarter. Hexagon Capital Partners LLC’s holdings in Honeywell International were worth $392,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of HON. EP Wealth Advisors LLC boosted its position in Honeywell International by 4.4% during the second quarter. EP Wealth Advisors LLC now owns 337,380 shares of the conglomerate’s stock valued at $72,044,000 after purchasing an additional 14,271 shares during the last quarter. Sanibel Captiva Trust Company Inc. acquired a new position in Honeywell International in the fourth quarter worth approximately $27,230,000. Trilogy Capital Inc. raised its position in Honeywell International by 125.7% during the first quarter. Trilogy Capital Inc. now owns 2,422 shares of the conglomerate’s stock valued at $497,000 after acquiring an additional 1,349 shares in the last quarter. Jupiter Asset Management Ltd. acquired a new stake in Honeywell International in the first quarter valued at approximately $1,398,000. Finally, Lloyd Advisory Services LLC. bought a new stake in Honeywell International in the first quarter worth approximately $1,110,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on HON shares. Wells Fargo & Company reduced their price objective on shares of Honeywell International from $215.00 to $207.00 and set an “equal weight” rating for the company in a research note on Monday. StockNews.com downgraded Honeywell International from a “buy” rating to a “hold” rating in a research note on Friday, August 30th. Morgan Stanley assumed coverage on Honeywell International in a report on Friday, September 6th. They set an “equal weight” rating and a $210.00 price objective on the stock. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $214.00 target price on shares of Honeywell International in a research report on Thursday, September 26th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $222.13.

Honeywell International Price Performance

Shares of Honeywell International stock opened at $213.70 on Thursday. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.21 and a quick ratio of 0.91. The company has a market cap of $139.16 billion, a PE ratio of 24.76, a price-to-earnings-growth ratio of 2.32 and a beta of 1.03. The firm has a fifty day moving average price of $202.90 and a two-hundred day moving average price of $203.97. Honeywell International Inc. has a fifty-two week low of $174.88 and a fifty-two week high of $220.79.

Honeywell International (NASDAQ:HON) last released its 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 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 quarter last year, the company earned $2.23 earnings per share. The firm’s revenue was up 4.7% on a year-over-year basis. Analysts expect that Honeywell International Inc. will post 10.11 EPS for the current year.

Honeywell International Increases Dividend

The company also recently announced 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 represents a $4.52 dividend on an annualized basis and a dividend yield of 2.12%. This is a positive change from Honeywell International’s previous quarterly dividend of $1.08. The ex-dividend date is Friday, November 15th. Honeywell International’s dividend payout ratio is presently 52.38%.

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.