Honeywell International Inc. (NASDAQ:HON) Shares Bought by Beacon Capital Management LLC

Beacon Capital Management LLC increased its stake in Honeywell International Inc. (NASDAQ:HON) by 13.5% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 672 shares of the conglomerate’s stock after acquiring an additional 80 shares during the quarter. Beacon Capital Management LLC’s holdings in Honeywell International were worth $139,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Moneta Group Investment Advisors LLC lifted its position in shares of Honeywell International by 101,603.5% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 5,707,601 shares of the conglomerate’s stock valued at $1,223,139,000 after acquiring an additional 5,701,989 shares in the last quarter. CIBC Private Wealth Group LLC raised its stake in Honeywell International by 107.2% during the 4th quarter. CIBC Private Wealth Group LLC now owns 4,843,135 shares of the conglomerate’s stock valued at $1,037,884,000 after purchasing an additional 2,505,534 shares during the period. Renaissance Technologies LLC purchased a new stake in shares of Honeywell International in the first quarter valued at $349,081,000. Two Sigma Advisers LP boosted its position in shares of Honeywell International by 367.4% in the first quarter. Two Sigma Advisers LP now owns 1,985,500 shares of the conglomerate’s stock worth $379,469,000 after buying an additional 1,560,700 shares during the period. Finally, Barclays PLC raised its position in Honeywell International by 103.3% during the fourth quarter. Barclays PLC now owns 2,164,970 shares of the conglomerate’s stock valued at $463,954,000 after buying an additional 1,100,242 shares during the period. 74.61% of the stock is owned by institutional investors and hedge funds.

Honeywell International Stock Down 0.1 %

Shares of HON traded down $0.18 during trading hours on Tuesday, hitting $194.28. 230,159 shares of the company were exchanged, compared to its average volume of 2,779,276. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.07 and a current ratio of 1.41. The company has a market cap of $128.99 billion, a PE ratio of 24.07, a PEG ratio of 2.35 and a beta of 1.07. The firm’s 50 day moving average is $191.94 and its 200-day moving average is $195.48. Honeywell International Inc. has a 52 week low of $166.63 and a 52 week high of $220.96.

Honeywell International (NASDAQ:HON) last announced its earnings results on Thursday, July 27th. The conglomerate reported $2.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.20 by $0.03. Honeywell International had a return on equity of 34.46% and a net margin of 15.08%. The firm had revenue of $9.10 billion during the quarter, compared to analysts’ expectations of $9.17 billion. During the same quarter in the prior year, the business earned $2.10 earnings per share. The company’s revenue was up 1.6% on a year-over-year basis. On average, equities research analysts forecast that Honeywell International Inc. will post 9.16 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Friday, August 11th were given a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date was Thursday, August 10th. Honeywell International’s dividend payout ratio is 50.99%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on HON. Morgan Stanley raised their price objective on Honeywell International from $219.00 to $221.00 in a research report on Friday, July 28th. UBS Group lowered their price objective on shares of Honeywell International from $185.00 to $180.00 and set a “sell” rating on the stock in a research report on Friday, July 28th. Finally, StockNews.com assumed coverage on shares of Honeywell International in a research report on Monday, August 21st. They issued a “hold” rating for the company. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $215.07.

About Honeywell International

Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its 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 and management services.