Caprock Group LLC Has $3.46 Million Position in Honeywell International Inc. (NASDAQ:HON)

Caprock Group LLC increased its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 105.4% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 16,209 shares of the conglomerate’s stock after purchasing an additional 8,316 shares during the period. Caprock Group LLC’s holdings in Honeywell International were worth $3,461,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in HON. LGT Group Foundation acquired a new stake in Honeywell International in the 1st quarter worth $26,000. Scarborough Advisors LLC bought a new stake in shares of Honeywell International in the fourth quarter valued at about $27,000. Richardson Capital Management LLC acquired a new stake in Honeywell International during the first quarter worth about $35,000. Financial Connections Group Inc. bought a new position in Honeywell International during the second quarter valued at about $38,000. Finally, Pathway Financial Advisers LLC acquired a new position in Honeywell International in the 1st quarter valued at approximately $39,000. Institutional investors own 75.91% of the company’s stock.

Analyst Ratings Changes

HON has been the subject of a number of recent research reports. StockNews.com cut shares of Honeywell International from a “buy” rating to a “hold” rating in a research note on Friday, August 30th. Morgan Stanley initiated coverage on shares of Honeywell International in a research note on Friday. They set an “equal weight” rating and a $210.00 price target for the company. Daiwa America raised Honeywell International to a “moderate buy” rating in a report on Wednesday, June 5th. Citigroup increased their target price on Honeywell International from $243.00 to $244.00 and gave the stock a “buy” rating in a report on Tuesday, June 4th. Finally, Royal Bank of Canada decreased their price target on Honeywell International from $218.00 to $214.00 and set a “sector perform” rating on the stock in a research note on Friday, July 26th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $223.13.

Honeywell International Stock Performance

Shares of NASDAQ:HON opened at $198.13 on Friday. The stock has a market capitalization of $129.02 billion, a P/E ratio of 22.96, a P/E/G ratio of 2.37 and a beta of 1.03. The company has a current ratio of 1.21, a quick ratio of 0.91 and a debt-to-equity ratio of 1.19. Honeywell International Inc. has a 1-year low of $174.88 and a 1-year high of $220.79. The business has a 50-day moving average price of $206.41 and a two-hundred day moving average price of $203.16.

Honeywell International (NASDAQ:HON) last issued its earnings results on Thursday, July 25th. The conglomerate reported $2.49 EPS for the quarter, beating the consensus estimate of $2.42 by $0.07. The company had revenue of $9.58 billion during the quarter, compared to analysts’ expectations of $9.41 billion. Honeywell International had a net margin of 15.49% and a return on equity of 36.87%. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.23 EPS. Equities analysts predict that Honeywell International Inc. will post 10.12 earnings per share for the current year.

Honeywell International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 16th were issued a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date of this dividend was Friday, August 16th. Honeywell International’s dividend payout ratio is currently 50.06%.

Honeywell International 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.