Honeywell International Inc. $HON Shares Bought by Sand Hill Global Advisors LLC

Sand Hill Global Advisors LLC raised its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 0.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,605 shares of the conglomerate’s stock after buying an additional 71 shares during the quarter. Sand Hill Global Advisors LLC’s holdings in Honeywell International were worth $7,539,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the company. Mpwm Advisory Solutions LLC acquired a new stake in Honeywell International during the fourth quarter worth approximately $29,000. Accredited Wealth Management LLC purchased a new position in shares of Honeywell International during the fourth quarter worth approximately $34,000. Pandora Wealth Inc. purchased a new position in shares of Honeywell International during the first quarter worth approximately $33,000. Banque de Luxembourg S.A. purchased a new position in Honeywell International in the 4th quarter valued at $38,000. Finally, Stone House Investment Management LLC purchased a new position in Honeywell International in the 1st quarter valued at $41,000. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Stock Performance

Honeywell International stock opened at $216.77 on Monday. The firm has a market capitalization of $137.63 billion, a PE ratio of 24.66, a price-to-earnings-growth ratio of 2.45 and a beta of 1.08. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.97 and a current ratio of 1.29. The stock’s 50 day moving average price is $227.72 and its 200 day moving average price is $216.67. Honeywell International Inc. has a one year low of $179.36 and a one year high of $242.77.

Honeywell International (NASDAQ:HON) last released its earnings results on Thursday, July 24th. The conglomerate reported $2.75 EPS for the quarter, beating the consensus estimate of $2.66 by $0.09. The company had revenue of $10.35 billion during the quarter, compared to analysts’ expectations of $10.01 billion. Honeywell International had a return on equity of 37.37% and a net margin of 14.30%. The business’s revenue was up 8.1% on a year-over-year basis. During the same period in the prior year, the business posted $2.49 EPS. As a group, sell-side analysts expect that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Dividend Announcement

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

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Wells Fargo & Company lowered their price objective on shares of 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. JPMorgan Chase & Co. raised their target price on Honeywell International from $182.00 to $217.00 and gave the company a “neutral” rating in a report on Friday, May 16th. Citigroup raised their target price on Honeywell International from $242.00 to $265.00 and gave the company a “buy” rating in a report on Wednesday, June 4th. Barclays lifted their price target on Honeywell International from $258.00 to $265.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 9th. Finally, Royal Bank Of Canada cut their price target on Honeywell International from $254.00 to $253.00 and set a “sector perform” rating for the company in a research note on Friday, July 25th. Eight analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $254.00.

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.