Centaurus Financial Inc. Purchases 323 Shares of Honeywell International Inc. (NASDAQ:HON)

Centaurus Financial Inc. lifted its position in shares of Honeywell International Inc. (NASDAQ:HON – Get Rating) by 12.6% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,888 shares of the conglomerate’s stock after acquiring an additional 323 shares during the quarter. Centaurus Financial Inc.’s holdings in Honeywell International were worth $482,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Honeywell International by 0.3% during the third quarter. Vanguard Group Inc. now owns 60,387,360 shares of the conglomerate’s stock worth $10,082,878,000 after acquiring an additional 156,753 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Honeywell International by 30.2% in the second quarter. Price T Rowe Associates Inc. MD now owns 9,324,034 shares of the conglomerate’s stock valued at $1,620,610,000 after purchasing an additional 2,165,050 shares during the last quarter. Royal Bank of Canada increased its holdings in Honeywell International by 2.9% in the third quarter. Royal Bank of Canada now owns 7,422,464 shares of the conglomerate’s stock valued at $1,239,327,000 after purchasing an additional 211,341 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Honeywell International by 3.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 3,376,260 shares of the conglomerate’s stock valued at $656,953,000 after purchasing an additional 110,490 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its holdings in Honeywell International by 2.0% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,348,950 shares of the conglomerate’s stock valued at $392,204,000 after purchasing an additional 45,261 shares during the last quarter. Institutional investors own 74.30% of the company’s stock.

Honeywell International Stock Down 2.4 %

HON stock opened at $184.64 on Friday. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.25 and a quick ratio of 0.98. The stock has a market capitalization of $123.37 billion, a P/E ratio of 25.40, a P/E/G ratio of 2.40 and a beta of 1.10. The business has a 50-day moving average of $201.18 and a 200-day moving average of $199.27. Honeywell International Inc. has a fifty-two week low of $166.63 and a fifty-two week high of $220.96.

Honeywell International (NASDAQ:HON – Get Rating) last posted its quarterly earnings data on Thursday, February 2nd. The conglomerate reported $2.52 earnings per share for the quarter, topping the consensus estimate of $2.51 by $0.01. Honeywell International had a return on equity of 32.89% and a net margin of 14.00%. The company had revenue of $9.19 billion during the quarter, compared to analysts’ expectations of $9.26 billion. During the same period in the prior year, the firm earned $2.09 earnings per share. Honeywell International’s revenue for the quarter was up 6.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Honeywell International Inc. will post 9.03 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 10th. Investors of record on Friday, February 24th were given a dividend of $1.03 per share. The ex-dividend date of this dividend was Thursday, February 23rd. This represents a $4.12 annualized dividend and a yield of 2.23%. Honeywell International’s dividend payout ratio (DPR) is presently 56.67%.

Analysts Set New Price Targets

A number of research firms recently commented on HON. UBS Group dropped their price objective on Honeywell International from $193.00 to $185.00 and set a “sell” rating for the company in a report on Tuesday, February 28th. Barclays upped their price objective on Honeywell International from $212.00 to $229.00 in a report on Thursday, December 1st. Credit Suisse Group dropped their price objective on Honeywell International from $202.00 to $200.00 and set a “neutral” rating for the company in a report on Friday, February 3rd. Morgan Stanley boosted their target price on Honeywell International from $209.00 to $213.00 and gave the company an “equal weight” rating in a research note on Friday, February 3rd. Finally, JPMorgan Chase & Co. boosted their target price on Honeywell International from $205.00 to $215.00 and gave the company an “overweight” rating in a research note on Friday, February 3rd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, Honeywell International has an average rating of “Hold” and an average price target of $214.88.

Honeywell International Profile

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Honeywell International, Inc is a software industrial company, which offers industry specific solutions to aerospace and automotive products and services. It specializes in turbochargers control, sensing and security technologies for buildings and homes, specialty chemicals, electronic and advanced materials, process technology for refining and petrochemicals, and energy efficient products and solutions for homes, business, and transportation.