ProVise Management Group LLC Sells 170 Shares of Honeywell International Inc. (NASDAQ:HON)

ProVise Management Group LLC reduced its holdings in Honeywell International Inc. (NASDAQ:HON) by 9.5% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,626 shares of the conglomerate’s stock after selling 170 shares during the quarter. ProVise Management Group LLC’s holdings in Honeywell International were worth $347,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Price T Rowe Associates Inc. MD raised its stake in Honeywell International by 22.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 9,587,718 shares of the conglomerate’s stock valued at $1,967,880,000 after purchasing an additional 1,746,759 shares in the last quarter. Northern Trust Corp raised its position in shares of Honeywell International by 0.3% during the 4th quarter. Northern Trust Corp now owns 6,451,134 shares of the conglomerate’s stock valued at $1,352,867,000 after buying an additional 17,591 shares in the last quarter. Capital Research Global Investors lifted its holdings in shares of Honeywell International by 6.7% during the 1st quarter. Capital Research Global Investors now owns 3,402,252 shares of the conglomerate’s stock worth $698,312,000 after acquiring an additional 212,327 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Honeywell International by 12.4% in the second quarter. Dimensional Fund Advisors LP now owns 2,950,562 shares of the conglomerate’s stock worth $630,086,000 after acquiring an additional 325,272 shares in the last quarter. Finally, Janus Henderson Group PLC increased its stake in Honeywell International by 8.1% in the first quarter. Janus Henderson Group PLC now owns 2,698,596 shares of the conglomerate’s stock valued at $553,880,000 after acquiring an additional 202,358 shares during the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on HON shares. Citigroup upped their price objective on Honeywell International from $243.00 to $244.00 and gave the stock a “buy” rating in a report on Tuesday, June 4th. Wells Fargo & Company decreased their price target 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. StockNews.com cut shares of Honeywell International from a “buy” rating to a “hold” rating in a research note on Friday, August 30th. 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 on the stock in a research report on Friday, July 26th. Finally, UBS Group upgraded shares of Honeywell International from a “sell” rating to a “neutral” rating and upped their price target for the company from $175.00 to $215.00 in a research report on Monday, June 10th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $223.13.

Honeywell International Stock Performance

Shares of NASDAQ:HON opened at $203.35 on Friday. 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 company has a market cap of $132.42 billion, a price-to-earnings ratio of 23.56, a price-to-earnings-growth 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. The company has a 50-day moving average price of $204.50 and a 200-day moving average price of $203.42.

Honeywell International (NASDAQ:HON) last released 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 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 analysts’ expectations of $9.41 billion. During the same quarter last year, the business posted $2.23 EPS. The business’s revenue was up 4.7% on a year-over-year basis. As a group, equities analysts anticipate that Honeywell International Inc. will post 10.11 EPS for the current year.

Honeywell International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 16th were issued a $1.08 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $4.32 annualized dividend and a yield of 2.12%. 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.