Romano Brothers AND Company Has $5.63 Million Holdings in Honeywell International Inc. (NASDAQ:HON)

Romano Brothers AND Company decreased its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 1.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,110 shares of the conglomerate’s stock after selling 371 shares during the quarter. Honeywell International makes up about 0.8% of Romano Brothers AND Company’s investment portfolio, making the stock its 27th biggest holding. Romano Brothers AND Company’s holdings in Honeywell International were worth $5,625,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Moneta Group Investment Advisors LLC increased its position in shares of Honeywell International by 101,603.5% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 5,707,601 shares of the conglomerate’s stock worth $1,223,139,000 after purchasing an additional 5,701,989 shares during the last quarter. CIBC Private Wealth Group LLC increased its holdings in Honeywell International by 107.2% during the fourth quarter. CIBC Private Wealth Group LLC now owns 4,843,135 shares of the conglomerate’s stock worth $1,037,884,000 after buying an additional 2,505,534 shares during the last quarter. Renaissance Technologies LLC bought a new stake in Honeywell International during the first quarter worth $349,081,000. Two Sigma Advisers LP lifted its stake in Honeywell International by 367.4% in the first quarter. Two Sigma Advisers LP now owns 1,985,500 shares of the conglomerate’s stock valued at $379,469,000 after acquiring an additional 1,560,700 shares during the last quarter. Finally, Barclays PLC grew its position in shares of Honeywell International by 103.3% in the 4th quarter. Barclays PLC now owns 2,164,970 shares of the conglomerate’s stock valued at $463,954,000 after acquiring an additional 1,100,242 shares during the period. Institutional investors own 74.61% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on HON. Morgan Stanley raised their target price on shares of Honeywell International from $219.00 to $221.00 in a research note on Friday, July 28th. UBS Group decreased their target price on Honeywell International from $185.00 to $180.00 and set a “sell” rating on the stock in a report on Friday, July 28th. Finally, StockNews.com started coverage on Honeywell International in a report on Monday, August 21st. They set a “hold” rating for the company. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $215.07.

Honeywell International Stock Performance

Shares of NASDAQ:HON traded down $0.35 on Tuesday, reaching $194.11. 906,380 shares of the company’s stock were exchanged, compared to its average volume of 2,783,202. Honeywell International Inc. has a twelve month low of $166.63 and a twelve month high of $220.96. The company has a fifty day moving average of $191.94 and a 200-day moving average of $195.48. The company has a market capitalization of $128.88 billion, a price-to-earnings ratio of 24.07, a PEG ratio of 2.35 and a beta of 1.07. The company has a current ratio of 1.41, a quick ratio of 1.07 and a debt-to-equity ratio of 0.98.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings results on Thursday, July 27th. The conglomerate reported $2.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.20 by $0.03. The business had revenue of $9.10 billion for the quarter, compared to the consensus estimate of $9.17 billion. Honeywell International had a return on equity of 34.46% and a net margin of 15.08%. The firm’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.10 earnings per share. On average, research analysts predict that Honeywell International Inc. will post 9.16 EPS for the current fiscal year.

Honeywell International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Friday, August 11th were given a dividend of $1.03 per share. The ex-dividend date of this dividend was Thursday, August 10th. This represents a $4.12 annualized dividend and a yield of 2.12%. Honeywell International’s dividend payout ratio is 50.99%.

Honeywell International Company Profile

Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its 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 and management services.