WFA of San Diego LLC Invests $995,000 in Honeywell International Inc. (NYSE:HON)
WFA of San Diego LLC purchased a new position in Honeywell International Inc. (NYSE:HON) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,503 shares of the conglomerate’s stock, valued at approximately $995,000.
Several other large investors have also added to or reduced their stakes in the company. Quadrature Capital Ltd grew its stake in shares of Honeywell International by 673.0% in the second quarter. Quadrature Capital Ltd now owns 42,515 shares of the conglomerate’s stock worth $6,153,000 after purchasing an additional 37,015 shares in the last quarter. Sequoia Financial Advisors LLC grew its stake in shares of Honeywell International by 12.3% in the second quarter. Sequoia Financial Advisors LLC now owns 22,865 shares of the conglomerate’s stock worth $3,306,000 after purchasing an additional 2,509 shares in the last quarter. Asset Dedication LLC grew its stake in shares of Honeywell International by 216.0% in the second quarter. Asset Dedication LLC now owns 4,307 shares of the conglomerate’s stock worth $624,000 after purchasing an additional 2,944 shares in the last quarter. Rockbridge Investment Management LCC bought a new position in shares of Honeywell International in the second quarter worth $33,000. Finally, RMR Wealth Builders bought a new position in shares of Honeywell International in the second quarter worth $547,000. 75.30% of the stock is owned by institutional investors.
HON has been the subject of several research reports. Deutsche Bank decreased their target price on Honeywell International from $163.00 to $153.00 and set a “hold” rating for the company in a research note on Monday, July 27th. Morgan Stanley raised their target price on Honeywell International from $147.00 to $160.00 and gave the company an “equal weight” rating in a research note on Monday, July 27th. Barclays reaffirmed a “buy” rating on shares of Honeywell International in a research note on Sunday, July 26th. Argus reaffirmed a “buy” rating and set a $165.00 target price on shares of Honeywell International in a research note on Tuesday, July 28th. Finally, JPMorgan Chase & Co. raised their target price on Honeywell International from $177.00 to $185.00 and gave the company an “overweight” rating in a research note on Monday, July 27th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $160.89.
Honeywell International (NYSE:HON) last announced its quarterly earnings data on Friday, July 24th. The conglomerate reported $1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.11. The firm had revenue of $7.48 billion during the quarter, compared to the consensus estimate of $7.28 billion. Honeywell International had a return on equity of 29.93% and a net margin of 16.94%. The business’s revenue for the quarter was down 19.1% on a year-over-year basis. During the same period in the prior year, the business earned $2.10 EPS. As a group, research analysts anticipate that Honeywell International Inc. will post 6.9 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 4th. Investors of record on Friday, August 14th were paid a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 2.11%. The ex-dividend date of this dividend was Thursday, August 13th. Honeywell International’s dividend payout ratio is currently 44.12%.
Honeywell International Company Profile
Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its Aerospace segment supplies products, software, and services for aircrafts and vehicles. This 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 connected solutions and data services for the aftermarket, as well as provides wireless connectivity and management and technical services.
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