Ignite Planners LLC Increases Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

Ignite Planners LLC increased its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 5.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,669 shares of the conglomerate’s stock after purchasing an additional 81 shares during the quarter. Ignite Planners LLC’s holdings in Honeywell International were worth $339,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Moneta Group Investment Advisors LLC boosted its stake in shares of Honeywell International by 101,603.5% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 5,707,601 shares of the conglomerate’s stock valued at $1,223,139,000 after buying an additional 5,701,989 shares in the last quarter. CIBC Private Wealth Group LLC lifted its stake in shares of Honeywell International by 107.2% in the fourth quarter. CIBC Private Wealth Group LLC now owns 4,843,135 shares of the conglomerate’s stock valued at $1,037,884,000 after purchasing an additional 2,505,534 shares during the period. Renaissance Technologies LLC purchased a new stake in Honeywell International during the first quarter worth about $349,081,000. Two Sigma Advisers LP grew its position in Honeywell International by 367.4% during the first quarter. Two Sigma Advisers LP now owns 1,985,500 shares of the conglomerate’s stock worth $379,469,000 after buying an additional 1,560,700 shares during the period. Finally, Barclays PLC lifted its position in shares of Honeywell International by 103.3% during the 4th quarter. Barclays PLC now owns 2,164,970 shares of the conglomerate’s stock valued at $463,954,000 after acquiring an additional 1,100,242 shares during the period. 74.61% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Morgan Stanley upped their price target on Honeywell International from $219.00 to $221.00 in a report on Friday, July 28th. UBS Group cut their price target on Honeywell International from $185.00 to $180.00 and set a “sell” rating for the company in a research note on Friday, July 28th. Finally, StockNews.com began coverage on shares of Honeywell International in a research note on Monday, August 21st. They issued a “hold” rating on the stock. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $215.07.

Honeywell International Stock Up 0.7 %

HON stock opened at $194.46 on Tuesday. Honeywell International Inc. has a one year low of $166.63 and a one year high of $220.96. The stock has a market capitalization of $129.11 billion, a P/E ratio of 24.07, a PEG ratio of 2.36 and a beta of 1.07. The company has a 50 day moving average price of $191.94 and a two-hundred day moving average price of $195.48. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.07 and a current ratio of 1.41.

Honeywell International (NASDAQ:HON) last released its earnings results on Thursday, July 27th. The conglomerate reported $2.23 EPS for the quarter, beating the consensus estimate of $2.20 by $0.03. Honeywell International had a return on equity of 34.46% and a net margin of 15.08%. The firm had revenue of $9.10 billion during the quarter, compared to analyst estimates of $9.17 billion. During the same period in the prior year, the firm posted $2.10 earnings per share. The business’s quarterly revenue was up 1.6% compared to the same quarter last year. As a group, sell-side analysts expect that Honeywell International Inc. will post 9.16 EPS for the current year.

Honeywell International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Friday, August 11th were issued a $1.03 dividend. The ex-dividend date was Thursday, August 10th. This represents a $4.12 dividend on an annualized basis and a yield of 2.12%. Honeywell International’s payout ratio is 50.99%.

About Honeywell International

Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its 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 and management services.