Corundum Group Inc. Purchases 2,670 Shares of Honeywell International Inc. (NASDAQ:HON)

Corundum Group Inc. boosted its position in Honeywell International Inc. (NASDAQ:HON) by 52.8% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,726 shares of the conglomerate’s stock after purchasing an additional 2,670 shares during the quarter. Corundum Group Inc.’s holdings in Honeywell International were worth $1,650,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Tennessee Valley Asset Management Partners acquired a new position in shares of Honeywell International during the fourth quarter valued at about $81,000. Cullen Investment Group LTD. purchased a new stake in Honeywell International in the fourth quarter valued at approximately $590,000. Dakota Wealth Management boosted its position in Honeywell International by 43.5% in the fourth quarter. Dakota Wealth Management now owns 53,213 shares of the conglomerate’s stock valued at $11,159,000 after buying an additional 16,120 shares during the last quarter. Hoxton Planning & Management LLC purchased a new stake in Honeywell International in the fourth quarter valued at approximately $204,000. Finally, Bison Wealth LLC boosted its position in Honeywell International by 4.2% in the fourth quarter. Bison Wealth LLC now owns 7,217 shares of the conglomerate’s stock valued at $1,514,000 after buying an additional 290 shares during the last quarter. 75.91% of the stock is currently owned by institutional investors.

Honeywell International Trading Up 0.4 %

Shares of NASDAQ HON traded up $0.86 during mid-day trading on Thursday, reaching $198.46. 2,899,559 shares of the company’s stock were exchanged, compared to its average volume of 2,932,123. The firm has a market capitalization of $129.23 billion, a price-to-earnings ratio of 23.00, a PEG ratio of 2.32 and a beta of 1.04. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.91 and a current ratio of 1.21. Honeywell International Inc. has a 52-week low of $174.88 and a 52-week high of $220.79. The company’s 50-day moving average is $209.25 and its 200-day moving average is $202.45.

Honeywell International (NASDAQ:HON) last announced its earnings results on Thursday, July 25th. The conglomerate reported $2.49 EPS for the quarter, beating analysts’ consensus estimates of $2.42 by $0.07. Honeywell International had a return on equity of 36.87% and a net margin of 15.49%. The company had revenue of $9.58 billion during the quarter, compared to analysts’ expectations of $9.41 billion. During the same period last year, the business posted $2.23 EPS. Honeywell International’s revenue for the quarter was up 4.7% on a year-over-year basis. Analysts expect that Honeywell International Inc. will post 10.14 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 6th. Stockholders of record on Friday, August 16th will be paid a $1.08 dividend. This represents a $4.32 annualized dividend and a dividend yield of 2.18%. The ex-dividend date is Friday, August 16th. Honeywell International’s payout ratio is presently 50.06%.

Analysts Set New Price Targets

Several equities research analysts have commented on HON shares. Citigroup upped their price objective on Honeywell International from $243.00 to $244.00 and gave the stock a “buy” rating in a research report on Tuesday, June 4th. Daiwa America upgraded Honeywell International to a “moderate buy” rating in a research report on Wednesday, June 5th. UBS Group upgraded Honeywell International from a “sell” rating to a “neutral” rating and upped their price objective for the stock from $175.00 to $215.00 in a research report on Monday, June 10th. Royal Bank of Canada reduced their target price on Honeywell International from $218.00 to $214.00 and set a “sector perform” rating for the company in a research note on Friday, July 26th. Finally, Wells Fargo & Company reduced their target price on Honeywell International from $220.00 to $215.00 and set an “equal weight” rating for the company in a research note on Friday, July 26th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Honeywell International 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.