Lake Street Financial LLC decreased its stake in Honeywell International Inc. (NYSE:HON) by 3.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,368 shares of the conglomerate’s stock after selling 397 shares during the period. Lake Street Financial LLC’s holdings in Honeywell International were worth $2,287,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Curi Capital bought a new position in Honeywell International in the 4th quarter valued at approximately $29,000. Wealthcare Capital Management LLC bought a new position in shares of Honeywell International during the first quarter valued at $42,000. Certified Advisory Corp bought a new position in shares of Honeywell International during the first quarter valued at $50,000. Evolution Wealth Advisors LLC raised its stake in shares of Honeywell International by 31.7% during the first quarter. Evolution Wealth Advisors LLC now owns 237 shares of the conglomerate’s stock valued at $51,000 after acquiring an additional 57 shares during the last quarter. Finally, Paradigm Strategies in Wealth Management LLC bought a new position in shares of Honeywell International during the first quarter valued at $55,000. 75.93% of the stock is owned by institutional investors and hedge funds.
HON stock traded up $0.13 during mid-day trading on Monday, hitting $233.92. The company had a trading volume of 63,073 shares, compared to its average volume of 2,892,723. The stock has a market cap of $161.50 billion, a price-to-earnings ratio of 33.16, a PEG ratio of 2.70 and a beta of 1.16. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.15 and a current ratio of 1.41. Honeywell International Inc. has a 12 month low of $146.21 and a 12 month high of $235.28. The firm’s fifty day moving average is $224.84.
Honeywell International (NYSE:HON) last posted its quarterly earnings results on Thursday, July 22nd. The conglomerate reported $2.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.08. Honeywell International had a net margin of 14.65% and a return on equity of 29.44%. The company had revenue of $8.09 billion for the quarter, compared to analyst estimates of $8.66 billion. During the same quarter in the previous year, the firm posted $1.26 earnings per share. The company’s quarterly revenue was up 8.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Honeywell International Inc. will post 8.1 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 3rd. Investors of record on Friday, August 13th will be paid a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a yield of 1.59%. Honeywell International’s dividend payout ratio is currently 52.39%.
Several research firms have recently issued reports on HON. Royal Bank of Canada raised their price target on shares of Honeywell International from $227.00 to $231.00 and gave the company a “sector perform” rating in a research note on Monday, July 26th. Robert W. Baird increased their price objective on shares of Honeywell International from $247.00 to $251.00 and gave the stock an “outperform” rating in a research report on Monday, July 26th. JPMorgan Chase & Co. raised their price target on shares of Honeywell International from $200.00 to $250.00 and gave the stock an “overweight” rating in a report on Friday, April 9th. Barclays raised their price target on shares of Honeywell International from $245.00 to $253.00 and gave the stock an “overweight” rating in a report on Monday, July 26th. Finally, Morgan Stanley raised their price target on shares of Honeywell International from $230.00 to $246.00 and gave the stock an “equal weight” rating in a report on Monday, April 26th. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Honeywell International currently has an average rating of “Buy” and a consensus target price of $231.62.
Honeywell International Company Profile
Honeywell International, Inc is a software industrial company, which offers industry specific solutions to aerospace and automotive products and services. It specializes in turbochargers control, sensing and security technologies for buildings and homes; specialty chemicals; electronic and advanced materials; process technology for refining and petrochemicals; and energy efficient products and solutions for homes, business and transportation.
See Also: Trading Halts Explained
Want to see what other hedge funds are holding HON? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Honeywell International Inc. (NYSE:HON).