Honeywell International Inc. (NASDAQ:HON) Shares Sold by Kentucky Retirement Systems

Kentucky Retirement Systems lowered its stake in Honeywell International Inc. (NASDAQ:HON) by 2.0% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 49,071 shares of the conglomerate’s stock after selling 994 shares during the quarter. Kentucky Retirement Systems’ holdings in Honeywell International were worth $10,479,000 as of its most recent filing with the SEC.

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on HON shares. Citigroup lifted their price target on Honeywell International from $243.00 to $244.00 and gave the company 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 research report on Friday, August 30th. Daiwa America raised shares of Honeywell International to a “moderate buy” rating in a research report on Wednesday, June 5th. Wells Fargo & Company reduced their price target 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. Finally, Morgan Stanley assumed coverage on shares of Honeywell International in a research note on Friday, September 6th. They issued an “equal weight” rating and a $210.00 price objective for the company. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Honeywell International currently has a consensus rating of “Hold” and an average price target of $223.13.

Honeywell International Price Performance

NASDAQ:HON opened at $201.64 on Thursday. The stock 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 Inc. has a one year low of $174.88 and a one year high of $220.79. The company has a fifty day moving average price of $204.96 and a 200 day moving average price of $203.39. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.21 and a quick ratio of 0.91.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings results on Thursday, July 25th. The conglomerate reported $2.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.42 by $0.07. The firm had revenue of $9.58 billion for the quarter, compared to analyst estimates of $9.41 billion. Honeywell International had a net margin of 15.49% and a return on equity of 36.87%. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.23 EPS. Analysts anticipate that Honeywell International Inc. will post 10.11 earnings per share for the current year.

Honeywell International Dividend Announcement

The company also recently announced 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 dividend yield of 2.14%. The ex-dividend date was Friday, August 16th. Honeywell International’s dividend payout ratio (DPR) 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.