Honeywell International Inc. (NASDAQ:HON) Shares Sold by NORTHSTAR ASSET MANAGEMENT Co LLC

NORTHSTAR ASSET MANAGEMENT Co LLC decreased its position in shares of Honeywell International Inc. (NASDAQ:HON) by 4.0% during the 2nd quarter, HoldingsChannel reports. The fund owned 8,935 shares of the conglomerate’s stock after selling 375 shares during the quarter. NORTHSTAR ASSET MANAGEMENT Co LLC’s holdings in Honeywell International were worth $1,908,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. LGT Group Foundation acquired a new stake in Honeywell International during the first quarter worth $26,000. Scarborough Advisors LLC acquired a new position in Honeywell International in the fourth quarter valued at about $27,000. Altshuler Shaham Ltd purchased a new position in Honeywell International during the fourth quarter worth about $27,000. Rakuten Securities Inc. purchased a new position in Honeywell International during the fourth quarter worth about $31,000. Finally, Richardson Capital Management LLC acquired a new stake in shares of Honeywell International during the first quarter valued at about $35,000. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Stock Up 0.6 %

HON stock traded up $1.11 during mid-day trading on Friday, reaching $198.50. The company had a trading volume of 2,811,121 shares, compared to its average volume of 2,931,357. Honeywell International Inc. has a fifty-two week low of $174.88 and a fifty-two week high of $220.79. The company has a market capitalization of $129.26 billion, a price-to-earnings ratio of 23.00, a price-to-earnings-growth ratio of 2.32 and a beta of 1.04. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.91 and a current ratio of 1.21. The firm has a fifty day simple moving average of $209.04 and a 200 day simple moving average of $202.39.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings results on Thursday, July 25th. The conglomerate reported $2.49 EPS for the quarter, topping the consensus estimate of $2.42 by $0.07. Honeywell International had a net margin of 15.49% and a return on equity of 36.87%. The company had revenue of $9.58 billion during the quarter, compared to analysts’ expectations of $9.41 billion. During the same quarter in the previous year, the business posted $2.23 EPS. The firm’s revenue was up 4.7% on a year-over-year basis. Analysts forecast that Honeywell International Inc. will post 10.14 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Friday, August 16th will be issued a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date is Friday, August 16th. Honeywell International’s dividend payout ratio (DPR) is 50.06%.

Analyst Upgrades and Downgrades

HON has been the topic of several recent analyst reports. Wells Fargo & Company decreased their price objective on shares of Honeywell International from $220.00 to $215.00 and set an “equal weight” rating on the stock in a report on Friday, July 26th. Citigroup raised their price target on Honeywell International from $243.00 to $244.00 and gave the stock a “buy” rating in a research report on Tuesday, June 4th. Royal Bank of Canada cut their price objective on Honeywell International from $218.00 to $214.00 and set a “sector perform” rating on the stock in a report on Friday, July 26th. UBS Group upgraded Honeywell International from a “sell” rating to a “neutral” rating and raised their target price for the company from $175.00 to $215.00 in a report on Monday, June 10th. Finally, StockNews.com upgraded shares of Honeywell International from a “hold” rating to a “buy” rating in a research note on Friday. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $225.00.

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.