River Wealth Advisors LLC Raises Position in Honeywell International Inc. (NYSE:HON)

River Wealth Advisors LLC boosted its stake in Honeywell International Inc. (NYSE:HON) by 8.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,500 shares of the conglomerate’s stock after buying an additional 707 shares during the quarter. River Wealth Advisors LLC’s holdings in Honeywell International were worth $1,659,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of HON. SevenBridge Financial Group LLC raised its holdings in Honeywell International by 0.5% in the 2nd quarter. SevenBridge Financial Group LLC now owns 11,535 shares of the conglomerate’s stock valued at $2,014,000 after acquiring an additional 60 shares during the last quarter. Claro Advisors LLC raised its holdings in Honeywell International by 0.8% in the 2nd quarter. Claro Advisors LLC now owns 7,794 shares of the conglomerate’s stock valued at $1,361,000 after acquiring an additional 60 shares during the last quarter. Claraphi Advisory Network LLC raised its holdings in Honeywell International by 1.3% in the 2nd quarter. Claraphi Advisory Network LLC now owns 4,853 shares of the conglomerate’s stock valued at $847,000 after acquiring an additional 61 shares during the last quarter. Searle & CO. raised its holdings in Honeywell International by 0.3% in the 1st quarter. Searle & CO. now owns 19,648 shares of the conglomerate’s stock valued at $3,122,000 after acquiring an additional 62 shares during the last quarter. Finally, Nwam LLC raised its holdings in Honeywell International by 1.5% in the 2nd quarter. Nwam LLC now owns 4,503 shares of the conglomerate’s stock valued at $786,000 after acquiring an additional 65 shares during the last quarter. 76.90% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE HON traded down $0.34 during midday trading on Friday, reaching $166.67. 1,711,738 shares of the stock were exchanged, compared to its average volume of 2,538,790. Honeywell International Inc. has a twelve month low of $123.48 and a twelve month high of $178.47. The company has a quick ratio of 0.96, a current ratio of 1.19 and a debt-to-equity ratio of 0.48. The firm has a 50 day moving average of $173.22. The stock has a market cap of $120.17 billion, a PE ratio of 20.81, a P/E/G ratio of 2.22 and a beta of 1.09.

Honeywell International (NYSE:HON) last posted its earnings results on Thursday, July 18th. The conglomerate reported $2.10 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.08 by $0.02. Honeywell International had a net margin of 18.17% and a return on equity of 32.02%. The firm had revenue of $9.24 billion during the quarter, compared to the consensus estimate of $9.37 billion. During the same quarter last year, the firm earned $2.12 EPS. The firm’s revenue for the quarter was down 15.3% on a year-over-year basis. On average, research analysts predict that Honeywell International Inc. will post 8.1 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Friday, August 16th will be given a $0.82 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $3.28 annualized dividend and a yield of 1.97%. Honeywell International’s dividend payout ratio is presently 40.95%.

In other Honeywell International news, CEO Vimal Kapur sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $169.58, for a total value of $847,900.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.73% of the company’s stock.

A number of analysts have commented on HON shares. Credit Suisse Group increased their price objective on shares of Honeywell International from $185.00 to $187.00 and gave the company an “outperform” rating in a report on Friday, July 19th. Jefferies Financial Group increased their price objective on shares of Honeywell International from $190.00 to $195.00 and gave the company a “buy” rating in a report on Friday, July 19th. Royal Bank of Canada set a $177.00 price objective on shares of Honeywell International and gave the company a “buy” rating in a report on Friday, July 19th. Barclays raised their price target on shares of Honeywell International from $186.00 to $187.00 and gave the stock an “overweight” rating in a report on Friday, July 19th. Finally, ValuEngine downgraded shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Four analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $184.08.

About Honeywell International

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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Institutional Ownership by Quarter for Honeywell International (NYSE:HON)

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