King Luther Capital Management Corp Lowers Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

King Luther Capital Management Corp cut its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 5.6% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,231,987 shares of the conglomerate’s stock after selling 73,284 shares during the period. Honeywell International accounts for approximately 1.2% of King Luther Capital Management Corp’s holdings, making the stock its 19th biggest holding. King Luther Capital Management Corp owned approximately 0.19% of Honeywell International worth $263,078,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. LGT Group Foundation purchased a new position in Honeywell International in the 1st quarter valued at about $26,000. Scarborough Advisors LLC bought a new stake in Honeywell International during the fourth quarter valued at $27,000. Richardson Capital Management LLC acquired a new stake in shares of Honeywell International during the first quarter worth $35,000. Financial Connections Group Inc. bought a new position in shares of Honeywell International in the 2nd quarter worth about $38,000. Finally, Pathway Financial Advisers LLC bought a new stake in shares of Honeywell International during the 1st quarter valued at about $39,000. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on HON. 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 target on the stock. Daiwa America raised shares of Honeywell International to a “moderate buy” rating in a report on Wednesday, June 5th. Royal Bank of Canada decreased their target price 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. Citigroup raised their price objective on shares of Honeywell International from $243.00 to $244.00 and gave the company a “buy” rating in a research note on Tuesday, June 4th. Finally, UBS Group raised Honeywell International from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $175.00 to $215.00 in a research note on Monday, June 10th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $223.13.

Honeywell International Trading Up 1.0 %

Shares of NASDAQ HON opened at $203.70 on Friday. Honeywell International Inc. has a fifty-two week low of $174.88 and a fifty-two week high of $220.79. The firm has a market capitalization of $132.65 billion, a P/E ratio of 23.60, a P/E/G ratio of 2.32 and a beta of 1.03. 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 company’s 50 day simple moving average is $204.74 and its 200 day simple moving average is $203.39.

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

Honeywell International Announces Dividend

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

Honeywell International 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.