Honeywell International Inc. (NASDAQ:HON) Shares Sold by Edge Capital Group LLC

Edge Capital Group LLC reduced its position in shares of Honeywell International Inc. (NASDAQ:HON) by 0.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,949 shares of the conglomerate’s stock after selling 110 shares during the period. Edge Capital Group LLC’s holdings in Honeywell International were worth $4,473,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in HON. LGT Group Foundation bought a new position in shares of Honeywell International during the first quarter valued at approximately $26,000. Scarborough Advisors LLC bought a new position in Honeywell International during the 4th quarter worth $27,000. Richardson Capital Management LLC acquired a new stake in Honeywell International in the first quarter worth $35,000. Financial Connections Group Inc. bought a new stake in Honeywell International in the second quarter valued at $38,000. Finally, Pathway Financial Advisers LLC acquired a new position in shares of Honeywell International during the first quarter valued at $39,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Price Performance

Shares of NASDAQ HON opened at $203.35 on Friday. Honeywell International Inc. has a twelve month low of $174.88 and a twelve month 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. The firm has a 50-day moving average of $204.50 and a two-hundred day moving average of $203.46. The company has a market capitalization of $132.42 billion, a price-to-earnings ratio of 23.56, a PEG ratio of 2.32 and a beta of 1.03.

Honeywell International (NASDAQ:HON) last issued its earnings results on Thursday, July 25th. The conglomerate reported $2.49 earnings per share for the quarter, topping analysts’ consensus estimates of $2.42 by $0.07. The firm had revenue of $9.58 billion during the quarter, compared to analysts’ expectations of $9.41 billion. Honeywell International had a net margin of 15.49% and a return on equity of 36.87%. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period last year, the firm posted $2.23 earnings per share. As a group, analysts expect that Honeywell International Inc. will post 10.11 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

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

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. StockNews.com cut shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Friday, August 30th. UBS Group raised Honeywell International from a “sell” rating to a “neutral” rating and lifted their price target for the company from $175.00 to $215.00 in a report on Monday, June 10th. Wells Fargo & Company decreased their price objective on Honeywell International from $220.00 to $215.00 and set an “equal weight” rating for the company in a report on Friday, July 26th. Daiwa America raised Honeywell International to a “moderate buy” rating in a research note on Wednesday, June 5th. Finally, Citigroup increased their price target on Honeywell International from $243.00 to $244.00 and gave the stock a “buy” rating in a research note on Tuesday, June 4th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock currently 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.