Cooper Financial Group Grows Stock Position in Honeywell International Inc. (NASDAQ:HON)

Cooper Financial Group increased its holdings in Honeywell International Inc. (NASDAQ:HON) by 3.7% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 5,425 shares of the conglomerate’s stock after purchasing an additional 195 shares during the quarter. Cooper Financial Group’s holdings in Honeywell International were worth $1,149,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Brighton Jones LLC lifted its holdings in Honeywell International by 9.1% in the 4th quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate’s stock valued at $4,302,000 after purchasing an additional 1,582 shares in the last quarter. Federated Hermes Inc. lifted its holdings in Honeywell International by 4.4% in the 4th quarter. Federated Hermes Inc. now owns 6,028 shares of the conglomerate’s stock valued at $1,362,000 after purchasing an additional 253 shares in the last quarter. Kennedy Capital Management LLC purchased a new position in Honeywell International in the 4th quarter valued at about $3,287,000. Covestor Ltd lifted its holdings in Honeywell International by 17.7% in the 4th quarter. Covestor Ltd now owns 511 shares of the conglomerate’s stock valued at $116,000 after purchasing an additional 77 shares in the last quarter. Finally, Crux Wealth Advisors purchased a new position in Honeywell International in the 4th quarter valued at about $315,000. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Honeywell International Trading Down 0.1%

HON opened at $216.33 on Monday. The firm has a market capitalization of $137.35 billion, a P/E ratio of 24.61, a P/E/G ratio of 2.44 and a beta of 1.08. The firm’s 50 day moving average is $228.66 and its 200-day moving average is $216.85. Honeywell International Inc. has a 52-week low of $179.36 and a 52-week high of $242.77. The company has a quick ratio of 0.97, a current ratio of 1.29 and a debt-to-equity ratio of 1.81.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings data on Thursday, July 24th. The conglomerate reported $2.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.66 by $0.09. The company had revenue of $10.35 billion for the quarter, compared to analyst estimates of $10.01 billion. Honeywell International had a net margin of 14.30% and a return on equity of 37.37%. The business’s quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter last year, the firm posted $2.49 earnings per share. Analysts expect that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Friday, August 15th will be given a dividend of $1.13 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.1%. Honeywell International’s dividend payout ratio (DPR) is presently 51.42%.

Analyst Ratings Changes

HON has been the topic of a number of recent research reports. Mizuho upped their target price on shares of Honeywell International from $235.00 to $250.00 and gave the company an “outperform” rating in a report on Friday, May 16th. Morgan Stanley upped their target price on shares of Honeywell International from $225.00 to $245.00 and gave the company an “equal weight” rating in a report on Monday, July 28th. JPMorgan Chase & Co. upped their target price on shares of Honeywell International from $182.00 to $217.00 and gave the company a “neutral” rating in a report on Friday, May 16th. Barclays increased their price objective on shares of Honeywell International from $258.00 to $265.00 and gave the stock an “overweight” rating in a report on Wednesday, July 9th. Finally, Royal Bank Of Canada cut their price objective on shares of Honeywell International from $254.00 to $253.00 and set a “sector perform” rating on the stock in a report on Friday, July 25th. Eight equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Honeywell International has a consensus rating of “Moderate Buy” and an average price target of $254.00.

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.