Lynx Investment Advisory Makes New $66,000 Investment in Honeywell International Inc. (NASDAQ:HON)

Lynx Investment Advisory acquired a new position in Honeywell International Inc. (NASDAQ:HON) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 311 shares of the conglomerate’s stock, valued at approximately $66,000.

Other large investors have also added to or reduced their stakes in the company. Trust Co. of Vermont increased its position in shares of Honeywell International by 3.2% during the 2nd quarter. Trust Co. of Vermont now owns 95,488 shares of the conglomerate’s stock valued at $20,391,000 after purchasing an additional 2,944 shares during the last quarter. Cardinal Capital Management Inc. increased its position in shares of Honeywell International by 0.6% during the 2nd quarter. Cardinal Capital Management Inc. now owns 122,845 shares of the conglomerate’s stock valued at $26,232,000 after purchasing an additional 785 shares during the last quarter. Mather Group LLC. increased its position in shares of Honeywell International by 30.9% during the 2nd quarter. Mather Group LLC. now owns 10,969 shares of the conglomerate’s stock valued at $2,251,000 after purchasing an additional 2,592 shares during the last quarter. Insight Wealth Strategies LLC increased its position in shares of Honeywell International by 4.7% during the 2nd quarter. Insight Wealth Strategies LLC now owns 8,658 shares of the conglomerate’s stock valued at $1,849,000 after purchasing an additional 392 shares during the last quarter. Finally, Trust Co. of Toledo NA OH increased its position in shares of Honeywell International by 11.8% during the 2nd quarter. Trust Co. of Toledo NA OH now owns 17,942 shares of the conglomerate’s stock valued at $3,831,000 after purchasing an additional 1,895 shares during the last quarter. Institutional investors own 75.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Daiwa America upgraded Honeywell International to a “moderate buy” rating in a report on Wednesday, June 5th. 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. Royal Bank of Canada dropped their price objective on Honeywell International from $218.00 to $214.00 and set a “sector perform” rating for the company in a report on Friday, July 26th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $215.00 price objective (down previously from $227.00) on shares of Honeywell International in a report on Tuesday, April 16th. Finally, UBS Group upgraded Honeywell International from a “sell” rating to a “neutral” rating and boosted their price objective for the company from $175.00 to $215.00 in a report on Monday, June 10th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Honeywell International currently has a consensus rating of “Hold” and an average price target of $225.00.

Honeywell International Stock Up 1.0 %

Shares of NASDAQ HON traded up $2.04 during mid-day trading on Wednesday, reaching $200.84. 1,439,074 shares of the company were exchanged, compared to its average volume of 2,920,245. The firm has a 50-day moving average of $210.09 and a 200 day moving average of $202.64. Honeywell International Inc. has a 1 year low of $174.88 and a 1 year high of $220.79. The stock has a market cap of $130.78 billion, a price-to-earnings ratio of 23.04, a P/E/G ratio of 2.32 and a beta of 1.04. The company has a quick ratio of 0.91, a current ratio of 1.21 and a debt-to-equity ratio of 1.19.

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

Honeywell International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 6th. Stockholders of record on Friday, August 16th will be issued a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date is Friday, August 16th. Honeywell International’s dividend payout ratio is presently 50.06%.

Insider Activity

In related news, Director Darius Adamczyk sold 28,500 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $203.96, for a total transaction of $5,812,860.00. Following the sale, the director now directly owns 203,510 shares of the company’s stock, valued at $41,507,899.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.41% of the company’s stock.

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.