Chesapeake Wealth Management Has $496,000 Stock Position in Honeywell International Inc. (NASDAQ:HON)

Chesapeake Wealth Management lessened its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 56.1% during the second quarter, Holdings Channel.com reports. The firm owned 2,324 shares of the conglomerate’s stock after selling 2,975 shares during the quarter. Chesapeake Wealth Management’s holdings in Honeywell International were worth $496,000 at the end of the most recent quarter.

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

Honeywell International Stock Down 0.2 %

HON stock opened at $203.35 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. Honeywell International Inc. has a fifty-two week low of $174.88 and a fifty-two week high of $220.79. The stock’s 50 day simple moving average is $204.50 and its 200 day simple moving average is $203.42. The company has a market cap of $132.42 billion, a P/E ratio of 23.56, a price-to-earnings-growth ratio of 2.32 and a beta of 1.03.

Honeywell International (NASDAQ:HON) last issued its earnings results on Thursday, July 25th. The conglomerate reported $2.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.42 by $0.07. The company had revenue of $9.58 billion for the quarter, compared to analysts’ expectations of $9.41 billion. Honeywell International had a return on equity of 36.87% and a net margin of 15.49%. Honeywell International’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period last year, the business earned $2.23 EPS. On average, research analysts expect that Honeywell International Inc. will post 10.11 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 16th were issued a $1.08 dividend. The ex-dividend date was Friday, August 16th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.12%. Honeywell International’s dividend payout ratio is presently 50.06%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. StockNews.com lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a research note on Friday, August 30th. Royal Bank of Canada cut their price target on shares of Honeywell International from $218.00 to $214.00 and set a “sector perform” rating on the stock in a research report on Friday, July 26th. Wells Fargo & Company dropped their price objective on Honeywell International from $220.00 to $215.00 and set an “equal weight” rating on the stock in a research note on Friday, July 26th. Daiwa America raised Honeywell International to a “moderate buy” rating in a research note on Wednesday, June 5th. Finally, Morgan Stanley initiated coverage on Honeywell International in a report on Friday, September 6th. They issued an “equal weight” rating and a $210.00 target price for the company. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Honeywell International presently has a consensus rating of “Hold” and an average target price of $223.13.

About Honeywell International

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.