Dana Investment Advisors Inc. Purchases 439 Shares of Honeywell International Inc. (NASDAQ:HON)

Dana Investment Advisors Inc. boosted its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 3.5% in the 2nd quarter, Holdings Channel reports. The firm owned 12,969 shares of the conglomerate’s stock after buying an additional 439 shares during the period. Dana Investment Advisors Inc.’s holdings in Honeywell International were worth $2,769,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. KBC Group NV grew its stake in shares of Honeywell International by 6.4% during the fourth quarter. KBC Group NV now owns 45,002 shares of the conglomerate’s stock worth $9,437,000 after buying an additional 2,690 shares during the last quarter. Capital Research Global Investors boosted its holdings in shares of Honeywell International by 20.4% during the 4th quarter. Capital Research Global Investors now owns 3,189,925 shares of the conglomerate’s stock valued at $668,959,000 after acquiring an additional 539,644 shares in the last quarter. Crossmark Global Holdings Inc. increased its holdings in Honeywell International by 0.8% in the 4th quarter. Crossmark Global Holdings Inc. now owns 37,132 shares of the conglomerate’s stock worth $7,787,000 after purchasing an additional 296 shares in the last quarter. Exencial Wealth Advisors LLC increased its holdings in Honeywell International by 31.2% in the 4th quarter. Exencial Wealth Advisors LLC now owns 2,387 shares of the conglomerate’s stock worth $501,000 after purchasing an additional 567 shares in the last quarter. Finally, Pinnacle West Asset Management Inc. grew its holdings in shares of Honeywell International by 2.7% during the fourth quarter. Pinnacle West Asset Management Inc. now owns 4,755 shares of the conglomerate’s stock worth $997,000 after purchasing an additional 125 shares during the last quarter. Institutional investors own 75.91% of the company’s stock.

Honeywell International Stock Performance

NASDAQ HON opened at $203.88 on Thursday. The company has a current ratio of 1.21, a quick ratio of 0.91 and a debt-to-equity ratio of 1.19. The company has a fifty day simple moving average of $202.75 and a 200 day simple moving average of $203.81. Honeywell International Inc. has a 12-month low of $174.88 and a 12-month high of $220.79. The company has a market cap of $132.76 billion, a P/E ratio of 23.62, a PEG ratio of 2.32 and a beta of 1.03.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings results on Thursday, July 25th. The conglomerate reported $2.49 earnings per share for the quarter, beating the consensus estimate of $2.42 by $0.07. The business had revenue of $9.58 billion for 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 firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter last year, the firm earned $2.23 EPS. Sell-side analysts predict that Honeywell International Inc. will post 10.11 earnings per share for the current fiscal year.

Honeywell International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be issued a dividend of $1.13 per share. The ex-dividend date is Friday, November 15th. This represents a $4.52 annualized dividend and a yield of 2.22%. This is an increase from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s dividend payout ratio is 52.38%.

Analysts Set New Price Targets

Several research firms have recently issued reports on HON. Daiwa America raised Honeywell International to a “moderate buy” rating in a research note on Wednesday, June 5th. Morgan Stanley began coverage on shares of Honeywell International in a research note on Friday, September 6th. They set an “equal weight” rating and a $210.00 price target for the company. StockNews.com cut shares of Honeywell International from a “buy” rating to a “hold” rating in a research note on Friday, August 30th. UBS Group raised Honeywell International from a “sell” rating to a “neutral” rating and raised their target price for the stock from $175.00 to $215.00 in a research report on Monday, June 10th. Finally, Wells Fargo & Company reduced their price target on Honeywell International from $220.00 to $215.00 and set an “equal weight” rating on the stock in a research report on Friday, July 26th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $223.13.

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.