Great Lakes Retirement Inc. Grows Position in Honeywell International Inc. (NASDAQ:HON)

Great Lakes Retirement Inc. lifted its holdings in Honeywell International Inc. (NASDAQ:HON) by 4.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,600 shares of the conglomerate’s stock after buying an additional 1,820 shares during the period. Honeywell International makes up 1.1% of Great Lakes Retirement Inc.’s holdings, making the stock its 26th biggest position. Great Lakes Retirement Inc.’s holdings in Honeywell International were worth $8,806,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HON. EP Wealth Advisors LLC raised its holdings in shares of Honeywell International by 4.4% during the 2nd quarter. EP Wealth Advisors LLC now owns 337,380 shares of the conglomerate’s stock worth $72,044,000 after acquiring an additional 14,271 shares during the period. Trilogy Capital Inc. boosted its holdings in Honeywell International by 125.7% in the 1st quarter. Trilogy Capital Inc. now owns 2,422 shares of the conglomerate’s stock valued at $497,000 after purchasing an additional 1,349 shares during the last quarter. Jupiter Asset Management Ltd. purchased a new stake in shares of Honeywell International in the 1st quarter valued at approximately $1,398,000. Koshinski Asset Management Inc. increased its holdings in shares of Honeywell International by 237.3% during the 1st quarter. Koshinski Asset Management Inc. now owns 5,643 shares of the conglomerate’s stock worth $1,158,000 after buying an additional 3,970 shares during the last quarter. Finally, Burke & Herbert Bank & Trust Co. raised its position in shares of Honeywell International by 167.2% during the 2nd quarter. Burke & Herbert Bank & Trust Co. now owns 7,491 shares of the conglomerate’s stock valued at $1,600,000 after buying an additional 4,687 shares during the period. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

HON has been the subject of several recent analyst reports. StockNews.com cut Honeywell International from a “buy” rating to a “hold” rating in a research note on Friday, August 30th. Wells Fargo & Company reduced their price objective on shares of Honeywell International from $215.00 to $207.00 and set an “equal weight” rating on the stock in a report on Monday, October 7th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $214.00 target price on shares of Honeywell International in a research note on Thursday, September 26th. JPMorgan Chase & Co. lowered shares of Honeywell International from an “overweight” rating to a “neutral” rating and upped their price objective for the stock from $225.00 to $235.00 in a report on Thursday, October 10th. Finally, Morgan Stanley started coverage on shares of Honeywell International in a report on Friday, September 6th. They issued an “equal weight” rating and a $210.00 target price for the company. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $223.56.

Honeywell International Stock Performance

Shares of HON stock opened at $220.34 on Thursday. The firm has a 50 day moving average of $206.99 and a two-hundred day moving average of $205.30. The stock has a market capitalization of $143.48 billion, a PE ratio of 25.53, a P/E/G ratio of 2.45 and a beta of 1.03. The company has a quick ratio of 0.91, a current ratio of 1.21 and a debt-to-equity ratio of 1.19. Honeywell International Inc. has a 52 week low of $174.88 and a 52 week high of $222.98.

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

Honeywell International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be paid a $1.13 dividend. This represents a $4.52 annualized dividend and a dividend yield of 2.05%. The ex-dividend date of this dividend is Friday, November 15th. This is a boost from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s dividend payout ratio (DPR) is presently 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.