Quarry LP Has $144,000 Holdings in Honeywell International Inc. (NASDAQ:HON)

Quarry LP raised its holdings in Honeywell International Inc. (NASDAQ:HON) by 906.0% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 674 shares of the conglomerate’s stock after acquiring an additional 607 shares during the quarter. Quarry LP’s holdings in Honeywell International were worth $144,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. LGT Group Foundation acquired a new position in Honeywell International in the first quarter valued at approximately $26,000. Scarborough Advisors LLC acquired a new position in Honeywell International in the fourth quarter valued at approximately $27,000. Richardson Capital Management LLC acquired a new position in Honeywell International in the first quarter valued at approximately $35,000. Financial Connections Group Inc. bought a new stake in shares of Honeywell International during the second quarter valued at approximately $38,000. Finally, Pathway Financial Advisers LLC bought a new stake in shares of Honeywell International during the first quarter valued at approximately $39,000. 75.91% of the stock is owned by institutional investors and hedge funds.

Honeywell International Trading Down 0.4 %

Shares of Honeywell International stock opened at $206.71 on Tuesday. The company has a market capitalization of $134.61 billion, a P/E ratio of 23.95, a price-to-earnings-growth ratio of 2.32 and a beta of 1.03. The company has a current ratio of 1.21, a quick ratio of 0.91 and a debt-to-equity ratio of 1.19. The stock has a fifty day simple moving average of $203.17 and a 200 day simple moving average of $203.75. Honeywell International Inc. has a 12-month low of $174.88 and a 12-month high of $220.79.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings data on Thursday, July 25th. The conglomerate reported $2.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.42 by $0.07. The firm had revenue of $9.58 billion during the quarter, compared to the consensus estimate of $9.41 billion. Honeywell International had a return on equity of 36.87% and a net margin of 15.49%. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.23 EPS. On average, sell-side analysts anticipate that Honeywell International Inc. will post 10.11 earnings per share for the current fiscal year.

Honeywell International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be paid a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date is Friday, November 15th. This is an increase from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s dividend payout ratio is 52.38%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on HON shares. StockNews.com downgraded Honeywell International from a “buy” rating to a “hold” rating in a report on Friday, August 30th. Citigroup boosted their price objective on Honeywell International from $243.00 to $244.00 and gave the company a “buy” rating in a report on Tuesday, June 4th. Wells Fargo & Company decreased their price objective on Honeywell International from $220.00 to $215.00 and set an “equal weight” rating for the company in a report on Friday, July 26th. Royal Bank of Canada restated a “sector perform” rating and set a $214.00 price objective on shares of Honeywell International in a report on Thursday, September 26th. Finally, Morgan Stanley assumed coverage on Honeywell International in a report on Friday, September 6th. They set an “equal weight” rating and a $210.00 price objective for the company. Six analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $223.13.

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.