Telos Capital Management Inc. Grows Stake in Honeywell International Inc. (NASDAQ:HON)

Telos Capital Management Inc. boosted its holdings in Honeywell International Inc. (NASDAQ:HON) by 18.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,940 shares of the conglomerate’s stock after purchasing an additional 306 shares during the period. Telos Capital Management Inc.’s holdings in Honeywell International were worth $414,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Cypress Wealth Services LLC increased its position in shares of Honeywell International by 2.5% in the second quarter. Cypress Wealth Services LLC now owns 1,952 shares of the conglomerate’s stock valued at $417,000 after acquiring an additional 47 shares during the period. Bard Financial Services Inc. increased its position in shares of Honeywell International by 0.3% in the second quarter. Bard Financial Services Inc. now owns 17,594 shares of the conglomerate’s stock valued at $3,757,000 after acquiring an additional 50 shares during the period. Quent Capital LLC increased its position in shares of Honeywell International by 3.0% in the second quarter. Quent Capital LLC now owns 1,773 shares of the conglomerate’s stock valued at $379,000 after acquiring an additional 51 shares during the period. Legacy Trust increased its position in shares of Honeywell International by 2.1% in the first quarter. Legacy Trust now owns 2,527 shares of the conglomerate’s stock valued at $519,000 after acquiring an additional 52 shares during the period. Finally, NTV Asset Management LLC increased its position in shares of Honeywell International by 1.5% in the fourth quarter. NTV Asset Management LLC now owns 3,722 shares of the conglomerate’s stock valued at $781,000 after acquiring an additional 55 shares during the period. 75.91% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. StockNews.com cut shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Friday. Royal Bank of Canada reduced their price target on shares of Honeywell International from $218.00 to $214.00 and set a “sector perform” rating on the stock in a research report on Friday, July 26th. UBS Group upgraded shares of 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 report on Monday, June 10th. Wells Fargo & Company dropped their target price 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. Finally, Daiwa America upgraded shares of Honeywell International to a “moderate buy” rating in a research note on Wednesday, June 5th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $225.00.

Honeywell International Price Performance

HON stock traded up $0.40 during trading on Friday, hitting $207.91. 1,923,464 shares of the company’s stock traded hands, compared to its average volume of 2,762,533. Honeywell International Inc. has a 52 week low of $174.88 and a 52 week high of $220.79. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.91 and a current ratio of 1.21. The business has a fifty day simple moving average of $207.45 and a 200 day simple moving average of $202.93. The stock has a market capitalization of $135.07 billion, a price-to-earnings ratio of 24.09, a P/E/G ratio of 2.37 and a beta of 1.04.

Honeywell International (NASDAQ:HON) last released its quarterly earnings data on Thursday, July 25th. The conglomerate reported $2.49 EPS 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 during the quarter, compared to analyst estimates of $9.41 billion. During the same quarter last year, the business earned $2.23 earnings per share. Honeywell International’s quarterly revenue was up 4.7% compared to the same quarter last year. As a group, research analysts expect that Honeywell International Inc. will post 10.12 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The company also recently announced 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. The ex-dividend date is Friday, August 16th. This represents a $4.32 annualized dividend and a dividend yield of 2.08%. Honeywell International’s dividend payout ratio (DPR) is presently 50.06%.

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.