Crumly & Associates Inc. boosted its stake in Honeywell International Inc. (NASDAQ:HON – Free Report) by 7.8% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 1,851 shares of the conglomerate’s stock after acquiring an additional 134 shares during the period. Crumly & Associates Inc.’s holdings in Honeywell International were worth $431,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in HON. Mpwm Advisory Solutions LLC bought a new stake in Honeywell International in the fourth quarter valued at approximately $29,000. Pandora Wealth Inc. bought a new stake in Honeywell International in the first quarter valued at approximately $33,000. 1248 Management LLC bought a new stake in Honeywell International in the first quarter valued at approximately $38,000. Stone House Investment Management LLC bought a new position in shares of Honeywell International during the 1st quarter worth approximately $41,000. Finally, Quarry LP bought a new position in shares of Honeywell International during the 1st quarter worth approximately $41,000. 75.91% of the stock is currently owned by institutional investors.
Honeywell International Price Performance
Shares of NASDAQ:HON opened at $211.46 on Friday. The company has a quick ratio of 0.97, a current ratio of 1.29 and a debt-to-equity ratio of 1.81. The stock’s 50 day moving average is $223.41 and its 200-day moving average is $217.41. Honeywell International Inc. has a twelve month low of $179.36 and a twelve month high of $242.77. The firm has a market capitalization of $134.26 billion, a price-to-earnings ratio of 24.06, a PEG ratio of 2.43 and a beta of 1.05.
Honeywell International Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Friday, August 15th were paid a dividend of $1.13 per share. The ex-dividend date was Friday, August 15th. This represents a $4.52 annualized dividend and a yield of 2.1%. Honeywell International’s dividend payout ratio (DPR) is 51.42%.
Insiders Place Their Bets
In other Honeywell International news, CEO Lucian Boldea sold 42,149 shares of the firm’s stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $221.58, for a total transaction of $9,339,375.42. Following the transaction, the chief executive officer directly owned 10,334 shares in the company, valued at approximately $2,289,807.72. This trade represents a 80.31% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.20% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research firms have issued reports on HON. Royal Bank Of Canada cut their price target on Honeywell International from $254.00 to $253.00 and set a “sector perform” rating on the stock in a report on Friday, July 25th. Wells Fargo & Company cut their price target on Honeywell International from $240.00 to $230.00 and set an “equal weight” rating on the stock in a report on Friday, July 25th. Mizuho increased their price target on Honeywell International from $235.00 to $250.00 and gave the stock an “outperform” rating in a report on Friday, May 16th. Citigroup increased their price target on Honeywell International from $242.00 to $265.00 and gave the stock a “buy” rating in a report on Wednesday, June 4th. Finally, Morgan Stanley increased their price target on Honeywell International from $225.00 to $245.00 and gave the stock an “equal weight” rating in a report on Monday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Honeywell International presently has an average rating of “Moderate Buy” and an average price target of $254.00.
Check Out Our Latest Stock Report on HON
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.
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