Holderness Investments Co. Sells 349 Shares of Honeywell International Inc. (NASDAQ:HON)

Holderness Investments Co. trimmed its stake in Honeywell International Inc. (NASDAQ:HON) by 2.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,555 shares of the conglomerate’s stock after selling 349 shares during the quarter. Holderness Investments Co.’s holdings in Honeywell International were worth $2,895,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

Several research firms recently commented on HON. Daiwa America raised Honeywell International to a “moderate buy” rating in a research report on Wednesday, June 5th. Wells Fargo & Company dropped 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 report on Friday, July 26th. StockNews.com cut shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Friday, August 30th. Citigroup raised their target price on shares of Honeywell International from $243.00 to $244.00 and gave the stock a “buy” rating in a report on Tuesday, June 4th. Finally, 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 for the company in a research note on Friday, July 26th. 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, Honeywell International currently has an average rating of “Hold” and a consensus target price of $223.13.

Honeywell International Stock Down 0.2 %

HON opened at $203.35 on Friday. The firm’s 50 day simple moving average is $204.50 and its two-hundred day simple moving average is $203.46. The company has a market capitalization of $132.42 billion, a PE ratio of 23.56, a PEG ratio of 2.32 and a beta of 1.03. Honeywell International Inc. has a 1-year low of $174.88 and a 1-year high of $220.79. The company has a current ratio of 1.21, a quick ratio of 0.91 and a debt-to-equity ratio of 1.19.

Honeywell International (NASDAQ:HON) last announced its earnings results on Thursday, July 25th. The conglomerate reported $2.49 EPS 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 company had revenue of $9.58 billion for the quarter, compared to analysts’ expectations of $9.41 billion. During the same period last year, the firm earned $2.23 EPS. Honeywell International’s revenue for the quarter was up 4.7% compared to the same quarter last year. As a group, equities analysts forecast that Honeywell International Inc. will post 10.11 EPS for the current year.

Honeywell International Dividend Announcement

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

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.