Texas Capital Bancshares Inc TX Grows Holdings in Honeywell International Inc. (NASDAQ:HON)

Texas Capital Bancshares Inc TX raised its holdings in Honeywell International Inc. (NASDAQ:HON) by 8.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,758 shares of the conglomerate’s stock after purchasing an additional 207 shares during the quarter. Texas Capital Bancshares Inc TX’s holdings in Honeywell International were worth $589,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of HON. Cypress Wealth Services LLC boosted its position in shares of Honeywell International by 2.5% during the 2nd quarter. Cypress Wealth Services LLC now owns 1,952 shares of the conglomerate’s stock valued at $417,000 after acquiring an additional 47 shares during the last quarter. Bard Financial Services Inc. boosted its stake in shares of Honeywell International by 0.3% in the 2nd quarter. Bard Financial Services Inc. now owns 17,594 shares of the conglomerate’s stock valued at $3,757,000 after purchasing an additional 50 shares in the last quarter. Quent Capital LLC grew its stake in shares of Honeywell International by 3.0% during the second quarter. Quent Capital LLC now owns 1,773 shares of the conglomerate’s stock valued at $379,000 after buying an additional 51 shares during the last quarter. Lansing Street Advisors increased its stake in Honeywell International by 5.0% in the 2nd quarter. Lansing Street Advisors now owns 1,077 shares of the conglomerate’s stock worth $230,000 after purchasing an additional 51 shares during the period. Finally, Sivia Capital Partners LLC raised its holdings in Honeywell International by 3.9% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,430 shares of the conglomerate’s stock valued at $305,000 after buying an additional 54 shares during the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Stock Up 0.3 %

HON opened at $207.63 on Friday. The company has a market capitalization of $135.21 billion, a PE ratio of 24.06, a price-to-earnings-growth ratio of 2.32 and a beta of 1.03. The firm has a 50-day simple moving average of $203.38 and a two-hundred day simple moving average of $203.62. The company has a quick ratio of 0.91, a current ratio of 1.21 and a debt-to-equity ratio of 1.19. Honeywell International Inc. has a 52 week low of $174.88 and a 52 week high of $220.79.

Honeywell International (NASDAQ:HON) last posted its earnings results 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 analyst estimates of $9.41 billion. Honeywell International had a net margin of 15.49% and a return on equity of 36.87%. Honeywell International’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period last year, the firm posted $2.23 earnings per share. Analysts forecast that Honeywell International Inc. will post 10.11 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 16th were issued a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date of this dividend was Friday, August 16th. Honeywell International’s payout ratio is 50.06%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on HON shares. Wells Fargo & Company lowered their price target on Honeywell International from $220.00 to $215.00 and set an “equal weight” rating for the company in a research report on Friday, July 26th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $214.00 price objective on shares of Honeywell International in a report on Thursday. StockNews.com downgraded shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Friday, August 30th. Daiwa America upgraded shares of Honeywell International to a “moderate buy” rating in a research report on Wednesday, June 5th. Finally, Morgan Stanley initiated coverage on shares of 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 analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $223.13.

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.