Kohmann Bosshard Financial Services LLC Boosts Stake in Honeywell International Inc. (NASDAQ:HON)

Kohmann Bosshard Financial Services LLC lifted its holdings in Honeywell International Inc. (NASDAQ:HON) by 2.3% 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 2,837 shares of the conglomerate’s stock after buying an additional 65 shares during the period. Kohmann Bosshard Financial Services LLC’s holdings in Honeywell International were worth $586,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of HON. LGT Group Foundation purchased a new position in Honeywell International during the first quarter worth about $26,000. Richardson Capital Management LLC purchased a new position in Honeywell International during the first quarter worth about $35,000. Financial Connections Group Inc. purchased a new position in Honeywell International during the second quarter worth about $38,000. Pathway Financial Advisers LLC purchased a new position in Honeywell International during the first quarter worth about $39,000. Finally, TruNorth Capital Management LLC purchased a new position in Honeywell International during the second quarter worth about $43,000. 75.91% of the stock is owned by hedge funds and other institutional investors.

Honeywell International Trading Up 1.1 %

Shares of HON stock opened at $222.02 on Friday. 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 stock has a market capitalization of $144.58 billion, a P/E ratio of 25.73, a price-to-earnings-growth ratio of 2.45 and a beta of 1.03. The company has a 50 day moving average price of $205.53 and a 200 day moving average price of $204.75. Honeywell International Inc. has a fifty-two week low of $174.88 and a fifty-two week high of $222.07.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings data 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. The firm 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 quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.23 earnings per share. Equities research analysts predict that Honeywell International Inc. will post 10.1 EPS for the current fiscal 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 issued a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a yield of 2.04%. 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 payout ratio is 52.38%.

Wall Street Analyst Weigh In

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

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.