North Star Investment Management Corp. raised its position in Honeywell International Inc. (NASDAQ:HON – Free Report) by 1.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,844 shares of the conglomerate’s stock after purchasing an additional 141 shares during the quarter. North Star Investment Management Corp.’s holdings in Honeywell International were worth $2,292,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pandora Wealth Inc. purchased a new stake in Honeywell International in the first quarter valued at approximately $33,000. 1248 Management LLC purchased a new stake in shares of Honeywell International during the first quarter worth $38,000. Stone House Investment Management LLC purchased a new stake in shares of Honeywell International during the first quarter worth $41,000. Quarry LP purchased a new stake in shares of Honeywell International during the first quarter worth $41,000. Finally, Garde Capital Inc. purchased a new stake in shares of Honeywell International during the first quarter worth $42,000. Hedge funds and other institutional investors own 75.91% of the company’s stock.
Honeywell International Stock Performance
NASDAQ:HON opened at $208.60 on Thursday. The firm has a market capitalization of $132.44 billion, a PE ratio of 23.73, a price-to-earnings-growth ratio of 2.36 and a beta of 1.05. The business’s fifty day moving average price is $219.01 and its 200 day moving average price is $217.34. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.29 and a quick ratio of 0.97. Honeywell International Inc. has a 12 month low of $179.36 and a 12 month high of $242.77.
Honeywell International Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Friday, August 15th were paid a $1.13 dividend. This represents a $4.52 annualized dividend and a yield of 2.2%. The ex-dividend date was Friday, August 15th. Honeywell International’s dividend payout ratio is currently 51.42%.
Insider Transactions at Honeywell International
In other Honeywell International news, CEO Lucian Boldea sold 42,149 shares of the company’s stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $221.58, for a total value of $9,339,375.42. Following the completion of the transaction, the chief executive officer owned 10,334 shares in the company, valued at $2,289,807.72. This represents a 80.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.20% of the stock is owned by corporate insiders.
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on HON. Wells Fargo & Company cut their price objective on Honeywell International from $240.00 to $230.00 and set an “equal weight” rating on the stock in a research report on Friday, July 25th. Royal Bank Of Canada cut their price objective on Honeywell International from $254.00 to $253.00 and set a “sector perform” rating on the stock in a research report on Friday, July 25th. Barclays upped their price objective on Honeywell International from $258.00 to $265.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 9th. Citigroup upped their price objective on Honeywell International from $242.00 to $265.00 and gave the stock a “buy” rating in a research report on Wednesday, June 4th. Finally, Morgan Stanley upped their price objective on Honeywell International from $225.00 to $245.00 and gave the stock an “equal weight” rating in a research report on Monday, July 28th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $254.00.
Check Out Our Latest Analysis on Honeywell International
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.
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