Westwood Holdings Group Inc. Reduces Position in Honeywell International Inc. (NASDAQ:HON)

Westwood Holdings Group Inc. trimmed its holdings in Honeywell International Inc. (NASDAQ:HON) by 16.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 555,675 shares of the conglomerate’s stock after selling 113,154 shares during the quarter. Westwood Holdings Group Inc. owned 0.09% of Honeywell International worth $118,659,000 at the end of the most recent reporting period.

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

Honeywell International Stock Down 0.2 %

Honeywell International stock opened at $203.35 on Friday. The stock’s 50 day moving average price is $204.50 and its 200 day moving average price is $203.42. The company has a market cap of $132.42 billion, a PE ratio of 23.56, a price-to-earnings-growth 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.

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 analysts’ consensus estimates of $2.42 by $0.07. The business had revenue of $9.58 billion during 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% compared to the same quarter last year. During the same quarter last year, the firm posted $2.23 EPS. On average, sell-side analysts predict that Honeywell International Inc. will post 10.11 EPS for the current fiscal year.

Honeywell International Announces Dividend

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

Wall Street Analyst Weigh In

Several equities analysts have commented on HON shares. StockNews.com lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a research note on Friday, August 30th. Daiwa America upgraded shares of Honeywell International to a “moderate buy” rating in a research report on Wednesday, June 5th. Citigroup upped 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. Morgan Stanley started coverage on shares of Honeywell International in a research note on Friday, September 6th. They set an “equal weight” rating and a $210.00 price target for the company. Finally, UBS Group upgraded shares of Honeywell International from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $175.00 to $215.00 in a research note on Monday, June 10th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Honeywell International presently has an average rating of “Hold” and a consensus price target of $223.13.

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.