Thomist Capital Management LP Invests $2.97 Million in Honeywell International Inc. (NASDAQ:HON)

Thomist Capital Management LP acquired a new position in shares of Honeywell International Inc. (NASDAQ:HON) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 13,100 shares of the conglomerate’s stock, valued at approximately $2,968,000. Honeywell International accounts for approximately 0.7% of Thomist Capital Management LP’s portfolio, making the stock its 27th biggest position.

A number of other large investors have also modified their holdings of the stock. Assenagon Asset Management S.A. increased its holdings in Honeywell International by 2.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 19,358 shares of the conglomerate’s stock valued at $4,373,000 after buying an additional 466 shares during the last quarter. Wealthcare Advisory Partners LLC increased its holdings in Honeywell International by 50.3% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 8,759 shares of the conglomerate’s stock valued at $1,978,000 after buying an additional 2,930 shares during the last quarter. Merit Financial Group LLC increased its holdings in Honeywell International by 10.7% in the fourth quarter. Merit Financial Group LLC now owns 45,096 shares of the conglomerate’s stock valued at $10,187,000 after buying an additional 4,355 shares during the last quarter. Sax Wealth Advisors LLC increased its holdings in Honeywell International by 74.7% in the fourth quarter. Sax Wealth Advisors LLC now owns 2,556 shares of the conglomerate’s stock valued at $577,000 after buying an additional 1,093 shares during the last quarter. Finally, Albert D Mason Inc. increased its holdings in Honeywell International by 0.7% in the fourth quarter. Albert D Mason Inc. now owns 7,967 shares of the conglomerate’s stock valued at $1,800,000 after buying an additional 55 shares during the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Citigroup dropped their price objective on Honeywell International from $253.00 to $229.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Barclays dropped their price objective on Honeywell International from $247.00 to $243.00 and set an “overweight” rating on the stock in a report on Wednesday, April 30th. Deutsche Bank Aktiengesellschaft raised Honeywell International from a “hold” rating to a “buy” rating and raised their price objective for the stock from $236.00 to $260.00 in a report on Friday, February 7th. JPMorgan Chase & Co. raised their price objective on Honeywell International from $182.00 to $217.00 and gave the stock a “neutral” rating in a report on Friday. Finally, Bank of America raised Honeywell International from a “neutral” rating to a “buy” rating and set a $250.00 price objective on the stock in a report on Wednesday, May 7th. Eight research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $245.23.

Honeywell International Stock Performance

NASDAQ HON opened at $222.88 on Friday. Honeywell International Inc. has a 52-week low of $179.36 and a 52-week high of $242.77. The business’s 50-day moving average price is $206.11 and its 200 day moving average price is $215.76. The firm has a market cap of $143.24 billion, a P/E ratio of 25.59, a P/E/G ratio of 2.51 and a beta of 1.07. The company has a quick ratio of 1.01, a current ratio of 1.31 and a debt-to-equity ratio of 1.33.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings data on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share for the quarter, beating analysts’ consensus estimates of $2.21 by $0.30. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. The company had revenue of $9.82 billion for the quarter, compared to analyst estimates of $9.59 billion. During the same quarter in the previous year, the company earned $2.25 EPS. The firm’s revenue for the quarter was up 7.9% compared to the same quarter last year. On average, equities research analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 16th will be issued a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date of this dividend is Friday, May 16th. Honeywell International’s dividend payout ratio is presently 51.95%.

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.