Greenline Partners LLC Trims Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

Greenline Partners LLC cut its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 0.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,479 shares of the conglomerate’s stock after selling 67 shares during the period. Greenline Partners LLC’s holdings in Honeywell International were worth $2,211,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Connectus Wealth LLC raised its stake in Honeywell International by 2.2% during the 4th quarter. Connectus Wealth LLC now owns 224,661 shares of the conglomerate’s stock valued at $47,128,000 after acquiring an additional 4,789 shares during the last quarter. Sanibel Captiva Trust Company Inc. purchased a new stake in shares of Honeywell International during the fourth quarter worth approximately $27,230,000. Trilogy Capital Inc. lifted its holdings in shares of Honeywell International by 125.7% during the first quarter. Trilogy Capital Inc. now owns 2,422 shares of the conglomerate’s stock worth $497,000 after purchasing an additional 1,349 shares during the period. Jupiter Asset Management Ltd. purchased a new position in Honeywell International in the 1st quarter valued at $1,398,000. Finally, Lloyd Advisory Services LLC. acquired a new position in Honeywell International in the 1st quarter valued at $1,110,000. 75.91% of the stock is owned by institutional investors and hedge funds.

Honeywell International Stock Performance

HON opened at $203.35 on Friday. Honeywell International Inc. has a 1-year low of $174.88 and a 1-year high of $220.79. 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. The stock’s 50 day simple moving average is $204.50 and its 200 day simple moving average is $203.46. 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 (NASDAQ:HON) last announced its quarterly earnings results on Thursday, July 25th. The conglomerate reported $2.49 earnings per share for the quarter, beating 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 analysts’ expectations of $9.41 billion. During the same quarter last year, the business posted $2.23 earnings per share. The business’s revenue for the quarter 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 fiscal year.

Honeywell International Announces Dividend

The firm also recently declared 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 dividend yield of 2.12%. The ex-dividend date of this dividend was Friday, August 16th. Honeywell International’s dividend payout ratio (DPR) is presently 50.06%.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Royal Bank of Canada reduced 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 note 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 report on Tuesday, June 4th. Wells Fargo & Company dropped their target price on Honeywell International from $220.00 to $215.00 and set an “equal weight” rating on the stock in a research report on Friday, July 26th. Daiwa America raised Honeywell International to a “moderate buy” rating in a report on Wednesday, June 5th. Finally, StockNews.com downgraded Honeywell International from a “buy” rating to a “hold” rating in a research note on Friday, August 30th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target 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.