Honeywell International Inc. (NASDAQ:HON) Shares Purchased by Nexus Investment Management ULC

Nexus Investment Management ULC raised its position in shares of Honeywell International Inc. (NASDAQ:HON) by 0.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 28,015 shares of the conglomerate’s stock after purchasing an additional 200 shares during the quarter. Nexus Investment Management ULC’s holdings in Honeywell International were worth $5,791,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. EP Wealth Advisors LLC raised its holdings in Honeywell International by 4.4% in the 2nd quarter. EP Wealth Advisors LLC now owns 337,380 shares of the conglomerate’s stock worth $72,044,000 after purchasing an additional 14,271 shares during the period. Trilogy Capital Inc. boosted its position in shares of Honeywell International by 125.7% during the first quarter. Trilogy Capital Inc. now owns 2,422 shares of the conglomerate’s stock worth $497,000 after buying an additional 1,349 shares during the period. Jupiter Asset Management Ltd. purchased a new position in shares of Honeywell International during the first quarter worth $1,398,000. Lloyd Advisory Services LLC. acquired a new stake in shares of Honeywell International in the first quarter valued at $1,110,000. Finally, Koshinski Asset Management Inc. raised its stake in shares of Honeywell International by 237.3% in the first quarter. Koshinski Asset Management Inc. now owns 5,643 shares of the conglomerate’s stock valued at $1,158,000 after acquiring an additional 3,970 shares in the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on HON. JPMorgan Chase & Co. cut Honeywell International from an “overweight” rating to a “neutral” rating and raised their price target for the company from $225.00 to $235.00 in a research note on Thursday, October 10th. StockNews.com lowered Honeywell International from a “buy” rating to a “hold” rating in a report on Friday, August 30th. Morgan Stanley initiated coverage on Honeywell International in a report on Friday, September 6th. They issued an “equal weight” rating and a $210.00 price objective on the stock. Royal Bank of Canada reissued a “sector perform” rating and set a $214.00 price target on shares of Honeywell International in a research note on Thursday, September 26th. Finally, Wells Fargo & Company cut their price objective on Honeywell International from $215.00 to $207.00 and set an “equal weight” rating for the company in a research report on Monday, October 7th. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $223.56.

Honeywell International Stock Down 0.2 %

Shares of NASDAQ:HON opened at $217.27 on Wednesday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.91 and a current ratio of 1.21. The company has a market cap of $141.48 billion, a PE ratio of 25.18, a price-to-earnings-growth ratio of 2.45 and a beta of 1.03. Honeywell International Inc. has a 52 week low of $174.88 and a 52 week high of $220.79. The firm has a 50 day simple moving average of $204.24 and a 200 day simple moving average of $204.41.

Honeywell International (NASDAQ:HON) last released its quarterly earnings results on Thursday, July 25th. The conglomerate reported $2.49 earnings per share for the quarter, beating analysts’ consensus estimates of $2.42 by $0.07. Honeywell International had a net margin of 15.49% and a return on equity of 36.87%. The business had revenue of $9.58 billion for the quarter, compared to the consensus estimate of $9.41 billion. During the same quarter last year, the firm earned $2.23 EPS. Honeywell International’s revenue for the quarter was up 4.7% on a year-over-year basis. As a group, research analysts expect that Honeywell International Inc. will post 10.1 earnings per share for the current year.

Honeywell International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be paid a $1.13 dividend. This is an increase from Honeywell International’s previous quarterly dividend of $1.08. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.52 annualized dividend and a dividend yield of 2.08%. Honeywell International’s dividend payout ratio (DPR) is currently 52.38%.

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.