Klingman & Associates LLC Grows Stake in Honeywell International Inc. (NASDAQ:HON)

Klingman & Associates LLC boosted its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 9.8% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 2,658 shares of the conglomerate’s stock after buying an additional 238 shares during the period. Klingman & Associates LLC’s holdings in Honeywell International were worth $568,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. LGT Group Foundation bought a new stake in Honeywell International during the first quarter valued at approximately $26,000. Altshuler Shaham Ltd bought a new position in Honeywell International in the fourth quarter valued at $27,000. Scarborough Advisors LLC bought a new stake in Honeywell International during the fourth quarter worth about $27,000. Richardson Capital Management LLC bought a new position in shares of Honeywell International during the 1st quarter valued at about $35,000. Finally, Financial Connections Group Inc. bought a new stake in Honeywell International in the 2nd quarter worth approximately $38,000. Institutional investors own 75.91% of the company’s stock.

Honeywell International Trading Up 0.2 %

HON opened at $207.91 on Friday. The firm has a market capitalization of $135.39 billion, a price-to-earnings ratio of 24.09, a PEG ratio of 2.32 and a beta of 1.04. Honeywell International Inc. has a one year low of $174.88 and a one year high of $220.79. The business has a 50 day simple moving average of $207.45 and a two-hundred day simple moving average of $202.87. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.21 and a quick ratio of 0.91.

Honeywell International (NASDAQ:HON) last released its quarterly earnings results on Thursday, July 25th. The conglomerate reported $2.49 earnings per share for the quarter, beating the consensus estimate of $2.42 by $0.07. Honeywell International had a net margin of 15.49% and a return on equity of 36.87%. The business had revenue of $9.58 billion for the quarter, compared to analysts’ expectations of $9.41 billion. During the same quarter in the previous year, the business posted $2.23 earnings per share. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. Analysts predict that Honeywell International Inc. will post 10.14 EPS for the current year.

Honeywell International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Friday, August 16th will be paid a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date is Friday, August 16th. Honeywell International’s payout ratio is currently 50.06%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on HON shares. Wells Fargo & Company decreased their price target on shares of Honeywell International from $220.00 to $215.00 and set an “equal weight” rating on the stock in a research note on Friday, July 26th. StockNews.com lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Friday. Daiwa America upgraded Honeywell International to a “moderate buy” rating in a report on Wednesday, June 5th. UBS Group upgraded Honeywell International from a “sell” rating to a “neutral” rating and increased their target price for the company from $175.00 to $215.00 in a report on Monday, June 10th. Finally, Royal Bank of Canada lowered their price objective on Honeywell International from $218.00 to $214.00 and set a “sector perform” rating for the company in a research report on Friday, July 26th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $225.00.

About Honeywell International

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.