Honeywell International Inc. (NASDAQ:HON) Shares Bought by Wulff Hansen & CO.

Wulff Hansen & CO. raised its holdings in Honeywell International Inc. (NASDAQ:HON) by 2,035.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 44,309 shares of the conglomerate’s stock after buying an additional 42,234 shares during the quarter. Wulff Hansen & CO.’s holdings in Honeywell International were worth $9,462,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Citizens Financial Group Inc. RI boosted its stake in Honeywell International by 555.3% in the 2nd quarter. Citizens Financial Group Inc. RI now owns 87,211 shares of the conglomerate’s stock worth $18,623,000 after purchasing an additional 73,902 shares in the last quarter. Mesirow Financial Investment Management Inc. raised its holdings in shares of Honeywell International by 8.5% in the second quarter. Mesirow Financial Investment Management Inc. now owns 21,282 shares of the conglomerate’s stock worth $4,546,000 after buying an additional 1,674 shares during the last quarter. One Capital Management LLC lifted its stake in shares of Honeywell International by 358.1% during the second quarter. One Capital Management LLC now owns 5,745 shares of the conglomerate’s stock worth $1,227,000 after buying an additional 4,491 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Honeywell International by 12.4% during the second quarter. Dimensional Fund Advisors LP now owns 2,950,562 shares of the conglomerate’s stock valued at $630,086,000 after buying an additional 325,272 shares during the last quarter. Finally, Waycross Partners LLC acquired a new position in shares of Honeywell International in the 2nd quarter valued at $14,970,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Price Performance

Shares of NASDAQ HON opened at $204.68 on Tuesday. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.21 and a quick ratio of 0.91. The stock has a market capitalization of $133.28 billion, a price-to-earnings ratio of 23.72, a PEG ratio of 2.32 and a beta of 1.03. The firm’s 50 day simple moving average is $205.34 and its 200-day simple moving average is $203.36. Honeywell International Inc. has a 12 month low of $174.88 and a 12 month high of $220.79.

Honeywell International (NASDAQ:HON) last released its quarterly earnings results on Thursday, July 25th. The conglomerate reported $2.49 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 net margin of 15.49% and a return on equity of 36.87%. The firm’s revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the business earned $2.23 earnings per share. Analysts expect that Honeywell International Inc. will post 10.11 EPS for the current year.

Honeywell International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 16th were given a dividend of $1.08 per share. The ex-dividend date was Friday, August 16th. This represents a $4.32 dividend on an annualized basis and a yield of 2.11%. Honeywell International’s dividend payout ratio is currently 50.06%.

Wall Street Analysts Forecast Growth

HON has been the subject of a number of research reports. UBS Group raised Honeywell International from a “sell” rating to a “neutral” rating and lifted their price target for the stock from $175.00 to $215.00 in a research report on Monday, June 10th. StockNews.com downgraded Honeywell International from a “buy” rating to a “hold” rating in a report on Friday, August 30th. Citigroup increased their price target on shares of Honeywell International from $243.00 to $244.00 and gave the stock a “buy” rating in a report on Tuesday, June 4th. Wells Fargo & Company decreased their price objective on shares of 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. Finally, Royal Bank of Canada cut their price objective on shares of 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. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $223.13.

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.