Quent Capital LLC Boosts Stock Position in Honeywell International Inc. (NASDAQ:HON)

Quent Capital LLC boosted its holdings in Honeywell International Inc. (NASDAQ:HON) by 3.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,773 shares of the conglomerate’s stock after acquiring an additional 51 shares during the period. Quent Capital LLC’s holdings in Honeywell International were worth $379,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD lifted its holdings in Honeywell International by 22.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 9,587,718 shares of the conglomerate’s stock valued at $1,967,880,000 after acquiring an additional 1,746,759 shares during the last quarter. Northern Trust Corp lifted its stake in Honeywell International by 0.3% during the fourth quarter. Northern Trust Corp now owns 6,451,134 shares of the conglomerate’s stock worth $1,352,867,000 after purchasing an additional 17,591 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Honeywell International by 1.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,621,544 shares of the conglomerate’s stock worth $759,474,000 after purchasing an additional 66,213 shares in the last quarter. Capital Research Global Investors lifted its stake in Honeywell International by 6.7% during the first quarter. Capital Research Global Investors now owns 3,402,252 shares of the conglomerate’s stock worth $698,312,000 after purchasing an additional 212,327 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its stake in Honeywell International by 8.1% during the first quarter. Janus Henderson Group PLC now owns 2,698,596 shares of the conglomerate’s stock worth $553,880,000 after purchasing an additional 202,358 shares in the last quarter. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Darius Adamczyk sold 28,500 shares of the business’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $203.96, for a total transaction of $5,812,860.00. Following the completion of the sale, the director now directly owns 203,510 shares of the company’s stock, valued at approximately $41,507,899.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.41% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

HON has been the topic of a number of research reports. Wells Fargo & Company decreased their price target on 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. Daiwa America upgraded Honeywell International to a “moderate buy” rating in a research note on Wednesday, June 5th. Royal Bank of Canada reduced their price objective on Honeywell International from $218.00 to $214.00 and set a “sector perform” rating on the stock in a research note on Friday, July 26th. Citigroup increased their price objective on Honeywell International from $243.00 to $244.00 and gave the company a “buy” rating in a research note on Tuesday, June 4th. Finally, UBS Group upgraded Honeywell International from a “sell” rating to a “neutral” rating and increased their price objective for the company from $175.00 to $215.00 in a research note on Monday, June 10th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $225.00.

Honeywell International Price Performance

Shares of HON traded down $0.91 during mid-day trading on Tuesday, reaching $198.80. 3,628,822 shares of the company’s stock were exchanged, compared to its average volume of 2,930,089. The company has a quick ratio of 0.91, a current ratio of 1.21 and a debt-to-equity ratio of 1.19. The company has a 50-day simple moving average of $210.09 and a two-hundred day simple moving average of $202.65. Honeywell International Inc. has a 52-week low of $174.88 and a 52-week high of $220.79. The company has a market cap of $129.46 billion, a price-to-earnings ratio of 23.22, a PEG ratio of 2.32 and a beta of 1.04.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings data on Thursday, July 25th. The conglomerate reported $2.49 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $9.41 billion. During the same period last year, the company posted $2.23 EPS. The company’s revenue was up 4.7% on a year-over-year basis. On average, sell-side analysts predict that Honeywell International Inc. will post 10.14 EPS for the current fiscal year.

Honeywell International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Friday, August 16th will be paid a $1.08 dividend. The ex-dividend date of this dividend is Friday, August 16th. This represents a $4.32 annualized dividend and a yield of 2.17%. Honeywell International’s payout ratio is currently 50.06%.

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.