ICA Group Wealth Management LLC Sells 3,122 Shares of Honeywell International Inc. (NASDAQ:HON)

ICA Group Wealth Management LLC reduced its stake in Honeywell International Inc. (NASDAQ:HON) by 89.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 360 shares of the conglomerate’s stock after selling 3,122 shares during the quarter. ICA Group Wealth Management LLC’s holdings in Honeywell International were worth $77,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Gryphon Financial Partners LLC boosted its holdings in Honeywell International by 211.0% during the fourth quarter. Gryphon Financial Partners LLC now owns 5,384 shares of the conglomerate’s stock worth $1,130,000 after purchasing an additional 3,653 shares during the last quarter. Level Four Advisory Services LLC grew its holdings in shares of Honeywell International by 15.2% in the 4th quarter. Level Four Advisory Services LLC now owns 5,605 shares of the conglomerate’s stock valued at $1,176,000 after acquiring an additional 741 shares in the last quarter. Brown Advisory Inc. increased its position in shares of Honeywell International by 0.5% in the fourth quarter. Brown Advisory Inc. now owns 92,294 shares of the conglomerate’s stock valued at $19,355,000 after acquiring an additional 480 shares during the last quarter. Motco boosted its position in Honeywell International by 0.4% during the fourth quarter. Motco now owns 47,571 shares of the conglomerate’s stock valued at $9,976,000 after purchasing an additional 192 shares during the last quarter. Finally, Coldstream Capital Management Inc. grew its stake in Honeywell International by 15.2% in the fourth quarter. Coldstream Capital Management Inc. now owns 11,502 shares of the conglomerate’s stock valued at $2,412,000 after purchasing an additional 1,521 shares in the last quarter. 75.91% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently commented on HON. Wells Fargo & Company cut their price objective on Honeywell International from $220.00 to $215.00 and set an “equal weight” rating for the company in a report on Friday, July 26th. Royal Bank of Canada decreased their price objective on shares of 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. UBS Group raised shares of Honeywell International from a “sell” rating to a “neutral” rating and upped their target price for the company from $175.00 to $215.00 in a report on Monday, June 10th. Daiwa America upgraded Honeywell International to a “moderate buy” rating in a report on Wednesday, June 5th. Finally, Morgan Stanley started coverage on Honeywell International in a research note on Friday, September 6th. They issued an “equal weight” rating and a $210.00 price objective on the stock. 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 an average rating of “Hold” and an average target price of $223.13.

Honeywell International Stock Performance

Shares of NASDAQ HON opened at $204.15 on Monday. 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 $132.94 billion, a price-to-earnings ratio of 23.66, a P/E/G ratio of 2.32 and a beta of 1.03. The stock’s fifty day moving average price is $205.48 and its two-hundred day moving average price is $203.32. Honeywell International Inc. has a one year low of $174.88 and a one year high of $220.79.

Honeywell International (NASDAQ:HON) last released its quarterly 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. The business had revenue of $9.58 billion for the quarter, compared to the consensus estimate of $9.41 billion. Honeywell International had a net margin of 15.49% and a return on equity of 36.87%. Honeywell International’s revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the company posted $2.23 earnings per share. On average, equities analysts forecast that Honeywell International Inc. will post 10.11 EPS for the current year.

Honeywell International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 6th. Investors 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 2.12%. The ex-dividend date of this dividend was Friday, August 16th. Honeywell International’s dividend payout ratio is currently 50.06%.

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.