Smithbridge Asset Management Inc. DE Sells 6,183 Shares of Honeywell International Inc. (NASDAQ:HON)

Smithbridge Asset Management Inc. DE lowered its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 17.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 28,569 shares of the conglomerate’s stock after selling 6,183 shares during the quarter. Honeywell International accounts for about 1.3% of Smithbridge Asset Management Inc. DE’s portfolio, making the stock its 24th largest position. Smithbridge Asset Management Inc. DE’s holdings in Honeywell International were worth $6,101,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of HON. LGT Group Foundation purchased a new stake in shares of Honeywell International in the first quarter valued at $26,000. Altshuler Shaham Ltd purchased a new stake in shares of Honeywell International in the fourth quarter valued at $27,000. Scarborough Advisors LLC purchased a new stake in shares of Honeywell International in the fourth quarter valued at $27,000. Rakuten Securities Inc. purchased a new stake in shares of Honeywell International in the fourth quarter valued at $31,000. Finally, Richardson Capital Management LLC purchased a new stake in shares of Honeywell International in the first quarter valued at $35,000. Institutional investors own 75.91% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on HON. Daiwa America raised shares of Honeywell International to a “moderate buy” rating in a research note on Wednesday, June 5th. UBS Group raised shares of Honeywell International from a “sell” rating to a “neutral” rating and raised their price target for the stock from $175.00 to $215.00 in a research note on Monday, June 10th. StockNews.com raised shares of Honeywell International from a “hold” rating to a “buy” rating in a research note on Friday. Citigroup raised their price target on shares of Honeywell International from $243.00 to $244.00 and gave the stock a “buy” rating in a research note on Tuesday, June 4th. Finally, Royal Bank of Canada reduced 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 note on Friday, July 26th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Honeywell International has a consensus rating of “Moderate Buy” and an average price target of $225.00.

Honeywell International Stock Up 0.6 %

NASDAQ HON traded up $1.11 during trading on Friday, reaching $198.50. 2,811,121 shares of the company’s stock traded hands, compared to its average volume of 2,931,357. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.21 and a quick ratio of 0.91. The firm has a market cap 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’s 50 day simple moving average is $209.04 and its two-hundred day simple moving average is $202.39. Honeywell International Inc. has a 12-month low of $174.88 and a 12-month high of $220.79.

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

Honeywell International Announces Dividend

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

Honeywell International 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.