Lmcg Investments LLC Makes New $889,000 Investment in Honeywell International Inc. (NASDAQ:HON)

Lmcg Investments LLC acquired a new position in shares of Honeywell International Inc. (NASDAQ:HONGet Rating) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 4,570 shares of the conglomerate’s stock, valued at approximately $889,000.

A number of other large investors also recently bought and sold shares of HON. Avity Investment Management Inc. increased its holdings in Honeywell International by 2.5% during the 1st quarter. Avity Investment Management Inc. now owns 2,076 shares of the conglomerate’s stock valued at $404,000 after acquiring an additional 51 shares in the last quarter. MV Capital Management Inc. increased its holdings in shares of Honeywell International by 16.2% in the 1st quarter. MV Capital Management Inc. now owns 373 shares of the conglomerate’s stock valued at $73,000 after purchasing an additional 52 shares during the period. Aviance Capital Partners LLC increased its holdings in shares of Honeywell International by 1.3% in the 1st quarter. Aviance Capital Partners LLC now owns 4,025 shares of the conglomerate’s stock valued at $783,000 after purchasing an additional 53 shares during the period. Guardian Financial Partners LLC increased its holdings in shares of Honeywell International by 4.4% in the 1st quarter. Guardian Financial Partners LLC now owns 1,270 shares of the conglomerate’s stock valued at $244,000 after purchasing an additional 54 shares during the period. Finally, Hemington Wealth Management increased its holdings in shares of Honeywell International by 4.8% in the 1st quarter. Hemington Wealth Management now owns 1,176 shares of the conglomerate’s stock valued at $229,000 after purchasing an additional 54 shares during the period. Hedge funds and other institutional investors own 74.27% of the company’s stock.

Honeywell International Stock Up 0.7 %

HON stock opened at $203.67 on Wednesday. The stock’s 50 day moving average is $184.34 and its 200-day moving average is $189.90. The firm has a market capitalization of $137.21 billion, a PE ratio of 27.79, a P/E/G ratio of 2.44 and a beta of 1.07. Honeywell International Inc. has a twelve month low of $167.35 and a twelve month high of $233.70. The company has a quick ratio of 0.92, a current ratio of 1.20 and a debt-to-equity ratio of 0.69.

Honeywell International (NASDAQ:HONGet Rating) last issued its earnings results on Thursday, July 28th. The conglomerate reported $2.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.03 by $0.07. The firm had revenue of $8.95 billion for the quarter, compared to analyst estimates of $8.67 billion. Honeywell International had a return on equity of 30.17% and a net margin of 14.74%. The business’s revenue was up 1.6% on a year-over-year basis. During the same period in the previous year, the company posted $2.02 earnings per share. Sell-side analysts expect that Honeywell International Inc. will post 8.67 EPS for the current fiscal year.

Honeywell International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 2nd. Stockholders of record on Friday, August 12th will be paid a $0.98 dividend. This represents a $3.92 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date of this dividend is Thursday, August 11th. Honeywell International’s dividend payout ratio (DPR) is presently 53.48%.

Insider Activity

In other Honeywell International news, CFO Gregory P. Lewis sold 5,011 shares of the company’s stock in a transaction that occurred on Thursday, July 28th. The stock was sold at an average price of $190.00, for a total transaction of $952,090.00. Following the completion of the transaction, the chief financial officer now owns 43,625 shares of the company’s stock, valued at approximately $8,288,750. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.45% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on HON. Royal Bank of Canada boosted their price target on Honeywell International from $184.00 to $193.00 in a research note on Friday, July 29th. Wells Fargo & Company raised their target price on Honeywell International from $180.00 to $183.00 and gave the stock an “equal weight” rating in a research report on Monday, August 1st. Deutsche Bank Aktiengesellschaft reduced their target price on Honeywell International from $230.00 to $211.00 and set a “buy” rating for the company in a research report on Wednesday, July 13th. Credit Suisse Group set a $195.00 price objective on Honeywell International in a report on Tuesday, July 19th. Finally, Mizuho lowered their target price on Honeywell International from $235.00 to $225.00 and set a “buy” rating for the company in a research note on Monday, July 18th. Six analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, Honeywell International presently has a consensus rating of “Hold” and an average price target of $210.08.

Honeywell International Profile

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Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its 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; thermal systems, as well as wireless connectivity and management services.

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Institutional Ownership by Quarter for Honeywell International (NASDAQ:HON)

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