Honeywell International Inc. (NASDAQ:HON) Shares Sold by PFG Advisors

PFG Advisors reduced its holdings in Honeywell International Inc. (NASDAQ:HON) by 1.6% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 14,876 shares of the conglomerate’s stock after selling 240 shares during the quarter. PFG Advisors’ holdings in Honeywell International were worth $3,177,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the business. Gryphon Financial Partners LLC lifted its position in shares of Honeywell International by 211.0% during the 4th quarter. Gryphon Financial Partners LLC now owns 5,384 shares of the conglomerate’s stock valued at $1,130,000 after acquiring an additional 3,653 shares during the period. M&G Investment Management Ltd. purchased a new stake in Honeywell International during the fourth quarter worth $1,679,000. Vise Technologies Inc. grew its holdings in Honeywell International by 39.6% in the fourth quarter. Vise Technologies Inc. now owns 1,558 shares of the conglomerate’s stock valued at $327,000 after purchasing an additional 442 shares during the last quarter. Foundations Investment Advisors LLC increased its position in shares of Honeywell International by 9.6% in the fourth quarter. Foundations Investment Advisors LLC now owns 6,243 shares of the conglomerate’s stock valued at $1,232,000 after buying an additional 547 shares in the last quarter. Finally, Apexium Financial LP acquired a new position in shares of Honeywell International during the 4th quarter worth $287,000. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Honeywell International Trading Up 1.5 %

Shares of HON opened at $204.04 on Thursday. 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 $132.87 billion, a PE ratio of 23.64, a price-to-earnings-growth ratio of 2.25 and a beta of 1.03. The stock has a fifty day moving average of $205.80 and a two-hundred day moving average of $203.20. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.91 and a current ratio of 1.21.

Honeywell International (NASDAQ:HON) last released its earnings results on Thursday, July 25th. The conglomerate reported $2.49 EPS for the quarter, beating the consensus estimate 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 analyst estimates of $9.41 billion. During the same period in the prior year, the firm posted $2.23 earnings per share. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. As a group, analysts forecast that Honeywell International Inc. will post 10.12 EPS for the current year.

Honeywell International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 16th were issued a $1.08 dividend. The ex-dividend date was Friday, August 16th. This represents a $4.32 dividend on an annualized basis and a yield of 2.12%. Honeywell International’s payout ratio is 50.06%.

Analyst Ratings Changes

A number of equities research analysts recently commented on HON shares. Royal Bank of Canada lowered their price objective 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. UBS Group upgraded shares of Honeywell International from a “sell” rating to a “neutral” rating and increased their price target for the company from $175.00 to $215.00 in a research report on Monday, June 10th. StockNews.com downgraded Honeywell International from a “buy” rating to a “hold” rating in a research report on Friday, August 30th. Wells Fargo & Company lowered their target price on Honeywell International from $220.00 to $215.00 and set an “equal weight” rating on the stock in a report on Friday, July 26th. Finally, Citigroup boosted their price target on Honeywell International from $243.00 to $244.00 and gave the stock a “buy” rating in a report on Tuesday, June 4th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average 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.