Howland Capital Management LLC Boosts Holdings in Honeywell International Inc. (NASDAQ:HON)

Key Points

• Howland Capital Management LLC increased its stake in Honeywell International by 145.2%, acquiring an additional 2,268 shares, bringing its total holdings to 3,830 shares valued at $811,000.
• Several institutional investors also increased their positions in Honeywell, with Brighton Jones LLC raising its stake by 9.1% and World Investment Advisors boosting their holdings by 137.7% in the fourth quarter.
• Honeywell International recently reported earnings per share (EPS) of $2.75 for the quarter, exceeding analysts' expectations, and also declared a quarterly dividend of $1.13 per share, effective September 5th.

Howland Capital Management LLC raised its holdings in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 145.2% during the first quarter, according to its most recent filing with the SEC. The firm owned 3,830 shares of the conglomerate's stock after purchasing an additional 2,268 shares during the period. Howland Capital Management LLC's holdings in Honeywell International were worth $811,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in HON. Kirtland Hills Capital Management LLC boosted its stake in Honeywell International by 1.1% in the 1st quarter. Kirtland Hills Capital Management LLC now owns 4,424 shares of the conglomerate's stock worth $870,000 after purchasing an additional 48 shares in the last quarter. Sound View Wealth Advisors Group LLC lifted its stake in Honeywell International by 0.6% during the 1st quarter. Sound View Wealth Advisors Group LLC now owns 8,769 shares of the conglomerate's stock valued at $1,857,000 after acquiring an additional 48 shares during the period. Gateway Wealth Partners LLC lifted its stake in Honeywell International by 2.5% during the 1st quarter. Gateway Wealth Partners LLC now owns 2,044 shares of the conglomerate's stock valued at $433,000 after acquiring an additional 49 shares during the period. Cetera Trust Company N.A lifted its stake in Honeywell International by 0.5% during the 1st quarter. Cetera Trust Company N.A now owns 10,475 shares of the conglomerate's stock valued at $2,218,000 after acquiring an additional 50 shares during the period. Finally, Mowery & Schoenfeld Wealth Management LLC lifted its stake in Honeywell International by 12.0% during the 1st quarter. Mowery & Schoenfeld Wealth Management LLC now owns 466 shares of the conglomerate's stock valued at $99,000 after acquiring an additional 50 shares during the period. Hedge funds and other institutional investors own 75.91% of the company's stock.

Honeywell International Trading Up 1.4%

Shares of HON stock traded up $3.08 on Monday, hitting $220.79. 3,451,864 shares of the stock traded hands, compared to its average volume of 3,710,047. The firm's 50-day moving average price is $229.24 and its two-hundred day moving average price is $217.02. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.97 and a current ratio of 1.29. The stock has a market capitalization of $140.18 billion, a PE ratio of 25.12, a PEG ratio of 2.46 and a beta of 1.08. Honeywell International Inc. has a twelve month low of $179.36 and a twelve month high of $242.77.

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

Honeywell International Announces Dividend

The business 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 $1.13 dividend. 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 2.0%. Honeywell International's dividend payout ratio is presently 51.42%.

Analyst Ratings Changes

Several analysts have commented on HON shares. Mizuho lifted their price objective on shares of Honeywell International from $235.00 to $250.00 and gave the company an "outperform" rating in a research note on Friday, May 16th. Wall Street Zen upgraded shares of Honeywell International from a "hold" rating to a "buy" rating in a research note on Thursday, May 15th. JPMorgan Chase & Co. lifted their target price on shares of Honeywell International from $182.00 to $217.00 and gave the company a "neutral" rating in a report on Friday, May 16th. Wells Fargo & Company cut their target price on shares of Honeywell International from $240.00 to $230.00 and set an "equal weight" rating for the company in a report on Friday, July 25th. Finally, Bank of America raised shares of Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 target price for the company in a report on Wednesday, May 7th. Eight research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $254.00.

Honeywell International Company 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.