Honeywell International Inc. (HON) Position Raised by Prio Wealth Limited Partnership
Prio Wealth Limited Partnership boosted its stake in Honeywell International Inc. (NYSE:HON) by 1.7% in the third quarter, HoldingsChannel.com reports. The firm owned 23,544 shares of the conglomerate’s stock after acquiring an additional 388 shares during the quarter. Prio Wealth Limited Partnership’s holdings in Honeywell International were worth $3,917,000 at the end of the most recent quarter.
Other institutional investors also recently added to or reduced their stakes in the company. Welch Group LLC bought a new stake in Honeywell International during the third quarter valued at $108,000. Jolley Asset Management LLC bought a new stake in Honeywell International during the second quarter valued at $104,000. Fort L.P. bought a new stake in Honeywell International during the second quarter valued at $118,000. Squar Milner Financial Services LLC increased its stake in Honeywell International by 155.4% during the third quarter. Squar Milner Financial Services LLC now owns 835 shares of the conglomerate’s stock valued at $139,000 after purchasing an additional 508 shares during the last quarter. Finally, Kiley Juergens Wealth Management LLC bought a new stake in Honeywell International during the second quarter valued at $125,000. Hedge funds and other institutional investors own 71.58% of the company’s stock.
HON has been the subject of several recent research reports. Gordon Haskett initiated coverage on shares of Honeywell International in a research note on Friday, October 12th. They set a “buy” rating for the company. Morgan Stanley set a $170.00 price target on shares of Honeywell International and gave the stock a “buy” rating in a research report on Monday, October 22nd. Credit Suisse Group lowered their price target on shares of Honeywell International from $165.00 to $158.00 and set a “neutral” rating for the company in a research report on Tuesday, October 30th. Oppenheimer upped their price target on shares of Honeywell International from $172.00 to $184.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 26th. Finally, Cowen restated a “buy” rating and set a $168.00 price target on shares of Honeywell International in a research report on Friday, August 24th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eighteen have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $172.90.
Honeywell International (NYSE:HON) last posted its quarterly earnings data on Friday, October 19th. The conglomerate reported $2.03 earnings per share for the quarter, topping the consensus estimate of $1.99 by $0.04. The business had revenue of $10.76 billion during the quarter, compared to the consensus estimate of $10.75 billion. Honeywell International had a net margin of 6.13% and a return on equity of 33.69%. The company’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.75 earnings per share. Equities research analysts predict that Honeywell International Inc. will post 7.98 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 7th. Investors of record on Friday, November 16th will be issued a $0.82 dividend. The ex-dividend date is Thursday, November 15th. This represents a $3.28 annualized dividend and a yield of 2.22%. This is an increase from Honeywell International’s previous quarterly dividend of $0.75. Honeywell International’s dividend payout ratio is presently 41.91%.
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Honeywell International Profile
Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. It operates through four segments: Aerospace; Home and Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. The Aerospace segment supplies products, software, and services for aircraft and vehicles that it sells to original equipment manufacturers and other customers in various markets, including air transport, regional, business and general aviation aircraft, airlines, aircraft operators, defense and space contractors, and automotive and truck manufacturers.
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