Foster & Motley Inc. Trims Holdings in Honeywell International Inc. (NASDAQ:HON)

Foster & Motley Inc. reduced its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 1.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,625 shares of the conglomerate’s stock after selling 131 shares during the period. Foster & Motley Inc.’s holdings in Honeywell International were worth $1,842,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Cypress Wealth Services LLC boosted its position in shares of Honeywell International by 2.5% during the second quarter. Cypress Wealth Services LLC now owns 1,952 shares of the conglomerate’s stock valued at $417,000 after buying an additional 47 shares during the period. Bard Financial Services Inc. boosted its holdings in Honeywell International by 0.3% during the 2nd quarter. Bard Financial Services Inc. now owns 17,594 shares of the conglomerate’s stock valued at $3,757,000 after acquiring an additional 50 shares during the period. Quent Capital LLC grew its position in Honeywell International by 3.0% in the 2nd quarter. Quent Capital LLC now owns 1,773 shares of the conglomerate’s stock valued at $379,000 after acquiring an additional 51 shares during the last quarter. Analyst IMS Investment Management Services Ltd. increased its stake in Honeywell International by 3.7% in the fourth quarter. Analyst IMS Investment Management Services Ltd. now owns 1,535 shares of the conglomerate’s stock worth $322,000 after purchasing an additional 55 shares during the period. Finally, New Republic Capital LLC lifted its position in shares of Honeywell International by 5.1% during the first quarter. New Republic Capital LLC now owns 1,136 shares of the conglomerate’s stock worth $233,000 after purchasing an additional 55 shares during the last quarter. Institutional investors own 75.91% of the company’s stock.

Honeywell International Stock Down 1.2 %

Honeywell International stock opened at $202.98 on Friday. Honeywell International Inc. has a twelve month low of $174.88 and a twelve month high of $220.79. The business has a fifty day moving average of $206.72 and a two-hundred day moving average of $203.13. The firm has a market cap of $132.18 billion, a P/E ratio of 23.52, a P/E/G ratio of 2.37 and a beta of 1.04. 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 (NASDAQ:HON) last issued its quarterly earnings data on Thursday, July 25th. The conglomerate reported $2.49 earnings per share for the quarter, topping analysts’ consensus estimates of $2.42 by $0.07. Honeywell International had a return on equity of 36.87% and a net margin of 15.49%. The firm had revenue of $9.58 billion during the quarter, compared to analysts’ expectations of $9.41 billion. During the same period in the prior year, the business posted $2.23 EPS. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. On average, analysts forecast that Honeywell International Inc. will post 10.12 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 6th. Stockholders of record on Friday, August 16th will be given a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date is Friday, August 16th. Honeywell International’s payout ratio is currently 50.06%.

Analysts Set New Price Targets

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. Wells Fargo & Company reduced their target price on shares of Honeywell International from $220.00 to $215.00 and set an “equal weight” rating on the stock in a research report on Friday, July 26th. StockNews.com downgraded shares of Honeywell International from a “buy” rating to a “hold” rating in a research note on Friday, August 30th. UBS Group raised Honeywell International from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $175.00 to $215.00 in a research note on Monday, June 10th. Finally, Royal Bank of Canada decreased their target price on Honeywell International from $218.00 to $214.00 and set a “sector perform” rating for the company in a research report on Friday, July 26th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $225.00.

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.