ASB Consultores LLC Sells 236 Shares of Honeywell International Inc. (NASDAQ:HON)

ASB Consultores LLC reduced its holdings in Honeywell International Inc. (NASDAQ:HON) by 14.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,394 shares of the conglomerate’s stock after selling 236 shares during the quarter. ASB Consultores LLC’s holdings in Honeywell International were worth $298,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in HON. LGT Group Foundation bought a new stake in Honeywell International during the 1st quarter valued at approximately $26,000. Scarborough Advisors LLC bought a new stake in shares of Honeywell International during the fourth quarter valued at approximately $27,000. Richardson Capital Management LLC bought a new position in Honeywell International in the first quarter worth $35,000. Financial Connections Group Inc. purchased a new position in Honeywell International during the second quarter valued at $38,000. Finally, Pathway Financial Advisers LLC bought a new stake in shares of Honeywell International during the 1st quarter valued at $39,000. 75.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on HON. Wells Fargo & Company lowered their price target on shares of Honeywell International from $220.00 to $215.00 and set an “equal weight” rating for the company in a research report on Friday, July 26th. StockNews.com lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Friday, August 30th. Citigroup upped their price target on Honeywell International from $243.00 to $244.00 and gave the stock a “buy” rating in a research note on Tuesday, June 4th. Royal Bank of Canada reduced their price objective on 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. Finally, UBS Group raised Honeywell International from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $175.00 to $215.00 in a report on Monday, June 10th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $223.13.

Honeywell International Stock Down 0.2 %

HON stock opened at $203.35 on Friday. The stock has a market capitalization of $132.42 billion, a P/E ratio of 23.56, 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. Honeywell International Inc. has a 1-year low of $174.88 and a 1-year high of $220.79. The business has a fifty day moving average price of $204.50 and a 200-day moving average price of $203.42.

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

Honeywell International Dividend Announcement

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

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.