PFG Investments LLC Boosts Holdings in Honeywell International Inc. (NASDAQ:HON)

PFG Investments LLC raised its holdings in Honeywell International Inc. (NASDAQ:HON) by 6.2% during the 3rd quarter, Holdings Channel.com reports. The firm owned 10,827 shares of the conglomerate’s stock after acquiring an additional 636 shares during the period. PFG Investments LLC’s holdings in Honeywell International were worth $2,238,000 as of its most recent filing with the SEC.

Several other hedge funds also recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD boosted its holdings in Honeywell International by 22.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 9,587,718 shares of the conglomerate’s stock valued at $1,967,880,000 after purchasing an additional 1,746,759 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Honeywell International by 3.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 8,365,840 shares of the conglomerate’s stock worth $1,786,449,000 after acquiring an additional 310,807 shares in the last quarter. Legal & General Group Plc boosted its stake in shares of Honeywell International by 0.9% during the 2nd quarter. Legal & General Group Plc now owns 4,910,551 shares of the conglomerate’s stock worth $1,048,600,000 after acquiring an additional 42,305 shares in the last quarter. Capital Research Global Investors boosted its stake in shares of Honeywell International by 6.7% during the 1st quarter. Capital Research Global Investors now owns 3,402,252 shares of the conglomerate’s stock worth $698,312,000 after acquiring an additional 212,327 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Honeywell International by 12.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,950,562 shares of the conglomerate’s stock worth $630,086,000 after acquiring an additional 325,272 shares in the last quarter. 75.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on HON shares. Baird R W lowered shares of Honeywell International from a “strong-buy” rating to a “hold” rating in a research note on Friday. JPMorgan Chase & Co. lowered their target price on shares of Honeywell International from $235.00 to $233.00 and set a “neutral” rating on the stock in a research note on Friday. Wells Fargo & Company increased their target price on shares of Honeywell International from $207.00 to $215.00 and gave the stock an “equal weight” rating in a research note on Friday. Royal Bank of Canada lowered their target price on shares of Honeywell International from $214.00 to $213.00 and set a “sector perform” rating on the stock in a research note on Friday. Finally, Robert W. Baird lowered shares of Honeywell International from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $223.00 to $217.00 in a research note on Friday. Ten equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Honeywell International currently has a consensus rating of “Hold” and a consensus target price of $223.73.

Honeywell International Stock Down 0.5 %

HON stock opened at $208.00 on Friday. The company has a market cap of $135.45 billion, a price-to-earnings ratio of 24.10, a PEG ratio of 2.45 and a beta of 1.03. The company has a current ratio of 1.21, a quick ratio of 0.91 and a debt-to-equity ratio of 1.19. Honeywell International Inc. has a 12 month low of $174.88 and a 12 month high of $222.98. The firm has a 50-day moving average of $207.39 and a two-hundred day moving average of $205.44.

Honeywell International (NASDAQ:HON) last released its quarterly earnings data on Thursday, October 24th. The conglomerate reported $2.58 EPS for the quarter, beating analysts’ consensus estimates of $2.50 by $0.08. The company had revenue of $9.73 billion during the quarter, compared to the consensus estimate of $9.90 billion. Honeywell International had a net margin of 15.49% and a return on equity of 36.87%. As a group, analysts forecast that Honeywell International Inc. will post 10.1 earnings per share for the current fiscal year.

Honeywell International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be issued a $1.13 dividend. This is an increase from Honeywell International’s previous quarterly dividend of $1.08. The ex-dividend date is Friday, November 15th. This represents a $4.52 dividend on an annualized basis and a yield of 2.17%. Honeywell International’s dividend payout ratio is presently 52.38%.

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.