Granite Investment Partners LLC Sells 825 Shares of Honeywell International Inc. (NASDAQ:HON)

Granite Investment Partners LLC lessened its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 17.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,038 shares of the conglomerate’s stock after selling 825 shares during the quarter. Granite Investment Partners LLC’s holdings in Honeywell International were worth $862,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. LGT Group Foundation bought a new position in Honeywell International during the first quarter valued at approximately $26,000. Scarborough Advisors LLC purchased a new stake in Honeywell International during the 4th quarter valued at about $27,000. Richardson Capital Management LLC bought a new position in Honeywell International during the 1st quarter worth approximately $35,000. Financial Connections Group Inc. purchased a new position in Honeywell International in the 2nd quarter worth approximately $38,000. Finally, Pathway Financial Advisers LLC bought a new stake in Honeywell International in the first quarter valued at approximately $39,000. 75.91% of the stock is currently owned by institutional investors.

Honeywell International Trading Down 0.2 %

NASDAQ HON opened at $203.35 on Friday. The stock’s fifty day moving average price is $204.50 and its 200-day moving average price is $203.42. The company has a current ratio of 1.21, a quick ratio of 0.91 and a debt-to-equity ratio of 1.19. The stock has a market cap 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. Honeywell International Inc. has a 12 month low of $174.88 and a 12 month high of $220.79.

Honeywell International (NASDAQ:HON) last issued its earnings results on Thursday, July 25th. The conglomerate reported $2.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.42 by $0.07. The firm 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%. The business’s revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.23 earnings per share. As a group, equities analysts forecast that Honeywell International Inc. will post 10.11 EPS for the current fiscal year.

Honeywell International Announces Dividend

The firm also recently disclosed 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. The ex-dividend date was Friday, August 16th. This represents a $4.32 annualized dividend and a dividend yield of 2.12%. Honeywell International’s dividend payout ratio (DPR) is presently 50.06%.

Analyst Ratings Changes

Several brokerages have weighed in on HON. Citigroup increased their price target on shares of Honeywell International from $243.00 to $244.00 and gave the company a “buy” rating in a research report on Tuesday, June 4th. StockNews.com downgraded Honeywell International from a “buy” rating to a “hold” rating in a report on Friday, August 30th. Royal Bank of Canada cut their price objective on Honeywell International from $218.00 to $214.00 and set a “sector perform” rating on the stock in a research report on Friday, July 26th. Wells Fargo & Company cut their target price on shares of Honeywell International from $220.00 to $215.00 and set an “equal weight” rating on the stock in a research note on Friday, July 26th. Finally, Daiwa America raised Honeywell International to a “moderate buy” rating in a research report on Wednesday, June 5th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $223.13.

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.