Delaney Dennis R Has $338,000 Stock Position in Honeywell International Inc. (NASDAQ:HON)

Delaney Dennis R cut its stake in Honeywell International Inc. (NASDAQ:HON) by 48.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,583 shares of the conglomerate’s stock after selling 1,460 shares during the period. Delaney Dennis R’s holdings in Honeywell International were worth $338,000 at the end of the most recent quarter.

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

Honeywell International Trading Down 1.3 %

Shares of HON stock opened at $201.64 on Thursday. The firm’s 50-day simple moving average is $204.96 and its 200-day simple moving average is $203.39. Honeywell International Inc. has a 1-year low of $174.88 and a 1-year high of $220.79. 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 $131.31 billion, a P/E ratio of 23.37, a PEG ratio of 2.32 and a beta of 1.03.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings data on Thursday, July 25th. The conglomerate reported $2.49 earnings per share for the quarter, topping the consensus estimate of $2.42 by $0.07. Honeywell International had a net margin of 15.49% and a return on equity of 36.87%. The company had revenue of $9.58 billion during the quarter, compared to analyst estimates of $9.41 billion. During the same period last year, the business earned $2.23 EPS. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. As a group, equities analysts forecast that Honeywell International Inc. will post 10.11 EPS for the current year.

Honeywell International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 16th were issued a $1.08 dividend. This represents a $4.32 annualized dividend and a dividend yield of 2.14%. The ex-dividend date of this dividend was Friday, August 16th. Honeywell International’s payout ratio is 50.06%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. UBS Group raised shares of Honeywell International from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $175.00 to $215.00 in a report on Monday, June 10th. Royal Bank of Canada lowered their target price on shares of Honeywell International from $218.00 to $214.00 and set a “sector perform” rating on the stock in a report on Friday, July 26th. StockNews.com downgraded shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Friday, August 30th. Daiwa America upgraded Honeywell International to a “moderate buy” rating in a research report on Wednesday, June 5th. Finally, Morgan Stanley assumed coverage on Honeywell International in a report on Friday, September 6th. They set an “equal weight” rating and a $210.00 price objective on the stock. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $223.13.

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.