Keating Investment Counselors Inc. Sells 2,020 Shares of Honeywell International Inc. (NASDAQ:HON)

Keating Investment Counselors Inc. lowered its position in shares of Honeywell International Inc. (NASDAQ:HON) by 41.4% in the 2nd quarter, Holdings Channel.com reports. The fund owned 2,855 shares of the conglomerate’s stock after selling 2,020 shares during the period. Keating Investment Counselors Inc.’s holdings in Honeywell International were worth $610,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. LGT Group Foundation bought a new position in shares of Honeywell International in the first quarter worth $26,000. Scarborough Advisors LLC bought a new position in Honeywell International in the 4th quarter worth about $27,000. Richardson Capital Management LLC purchased a new stake in shares of Honeywell International in the 1st quarter valued at about $35,000. Financial Connections Group Inc. bought a new stake in shares of Honeywell International during the 2nd quarter valued at about $38,000. Finally, Pathway Financial Advisers LLC purchased a new position in shares of Honeywell International during the first quarter worth about $39,000. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Honeywell International Price Performance

HON opened at $198.13 on Friday. 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 stock’s 50 day simple moving average is $206.41 and its 200 day simple moving average is $203.16. The firm has a market cap of $129.02 billion, a price-to-earnings ratio of 22.96, a PEG ratio of 2.37 and a beta of 1.03. Honeywell International Inc. has a 1 year low of $174.88 and a 1 year high of $220.79.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings results on Thursday, July 25th. The conglomerate reported $2.49 earnings per share for the quarter, beating the consensus estimate of $2.42 by $0.07. The business had revenue of $9.58 billion during the quarter, compared to analysts’ expectations of $9.41 billion. Honeywell International had a net margin of 15.49% and a return on equity of 36.87%. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.23 EPS. As a group, analysts predict that Honeywell International Inc. will post 10.12 earnings per share for the current year.

Honeywell International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 16th were given 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 was Friday, August 16th. Honeywell International’s payout ratio is 50.06%.

Analyst Ratings Changes

HON has been the subject of several research analyst reports. Daiwa America upgraded shares of Honeywell International to a “moderate buy” rating in a research report on Wednesday, June 5th. Wells Fargo & Company reduced their target price 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. Citigroup upped their price objective on Honeywell International from $243.00 to $244.00 and gave the stock a “buy” rating in a report on Tuesday, June 4th. StockNews.com cut Honeywell International from a “buy” rating to a “hold” rating in a report on Friday, August 30th. Finally, Morgan Stanley began coverage on Honeywell International in a research note on Friday. 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. Based on data from MarketBeat, Honeywell International has a consensus rating of “Hold” and a consensus target price 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.