Honeywell International Inc. (NASDAQ:HON) Stock Holdings Lifted by Waycross Partners LLC

Key Points

• Waycross Partners LLC increased its stake in Honeywell International by 26.3%, owning approximately 124,439 shares valued at $26.35 million.
• Honeywell reported a Q2 earnings per share (EPS) of $2.75, surpassing the consensus estimate of $2.66, with revenues increasing by 8.1% year-over-year.
• The company announced a quarterly dividend of $1.13 per share, resulting in an annualized yield of 2.1% for shareholders.

Waycross Partners LLC lifted its stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 26.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 124,439 shares of the conglomerate's stock after acquiring an additional 25,920 shares during the quarter. Honeywell International accounts for 3.0% of Waycross Partners LLC's portfolio, making the stock its 13th largest holding. Waycross Partners LLC's holdings in Honeywell International were worth $26,350,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of HON. Mpwm Advisory Solutions LLC acquired a new stake in Honeywell International during the 4th quarter valued at $29,000. Accredited Wealth Management LLC acquired a new position in Honeywell International during the fourth quarter valued at $34,000. Alexis Investment Partners LLC purchased a new stake in Honeywell International in the 4th quarter worth about $37,000. Banque de Luxembourg S.A. acquired a new stake in Honeywell International during the 4th quarter worth about $38,000. Finally, Garde Capital Inc. purchased a new position in Honeywell International during the 1st quarter valued at about $42,000. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Stock Down 0.8%

Shares of HON stock opened at $219.23 on Thursday. The stock's 50 day simple moving average is $229.00 and its 200 day simple moving average is $217.05. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.97 and a current ratio of 1.29. Honeywell International Inc. has a twelve month low of $179.36 and a twelve month high of $242.77. The company has a market capitalization of $139.19 billion, a price-to-earnings ratio of 24.94, a PEG ratio of 2.49 and a beta of 1.08.

Honeywell International (NASDAQ:HON - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The conglomerate reported $2.75 EPS for the quarter, beating the consensus estimate of $2.66 by $0.09. Honeywell International had a return on equity of 37.37% and a net margin of 14.30%. The company had revenue of $10.35 billion for the quarter, compared to the consensus estimate of $10.01 billion. During the same quarter last year, the company posted $2.49 earnings per share. The company's revenue for the quarter was up 8.1% compared to the same quarter last year. As a group, research analysts predict that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Friday, August 15th will be given a dividend of $1.13 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a $4.52 dividend on an annualized basis and a yield of 2.1%. Honeywell International's payout ratio is currently 51.42%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on HON. JPMorgan Chase & Co. increased their price target on shares of Honeywell International from $182.00 to $217.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. Morgan Stanley increased their target price on shares of Honeywell International from $225.00 to $245.00 and gave the stock an "equal weight" rating in a research report on Monday, July 28th. Mizuho boosted their price target on shares of Honeywell International from $235.00 to $250.00 and gave the company an "outperform" rating in a report on Friday, May 16th. Citigroup upped their price target on shares of Honeywell International from $242.00 to $265.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Finally, Wells Fargo & Company reduced their price objective on Honeywell International from $240.00 to $230.00 and set an "equal weight" rating for the company in a research report on Friday, July 25th. Eight research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $254.00.

Honeywell International Profile

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.

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