Bank of Montreal Can Cuts Stake in Honeywell International Inc. (NASDAQ:HON)

Bank of Montreal Can cut its position in Honeywell International Inc. (NASDAQ:HON) by 10.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 1,546,998 shares of the conglomerate’s stock after selling 189,561 shares during the period. Bank of Montreal Can owned approximately 0.24% of Honeywell International worth $331,939,000 as of its most recent SEC filing.

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

Honeywell International Stock Down 0.2 %

NASDAQ HON opened at $203.35 on Monday. The stock’s 50-day moving average price is $204.50 and its 200-day moving average price is $203.48. The company has a market capitalization of $132.42 billion, a P/E ratio of 23.56, a price-to-earnings-growth ratio of 2.32 and a beta of 1.03. The company has a quick ratio of 0.91, a current ratio of 1.21 and a debt-to-equity ratio of 1.19. Honeywell International Inc. has a 52 week low of $174.88 and a 52 week high of $220.79.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings results on Thursday, July 25th. The conglomerate reported $2.49 earnings per share for the quarter, beating the consensus estimate of $2.42 by $0.07. The business had revenue of $9.58 billion for 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 company’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.23 earnings per share. On average, equities research analysts predict that Honeywell International Inc. will post 10.11 earnings per share for the current year.

Honeywell International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 6th. Investors 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 of this dividend was Friday, August 16th. Honeywell International’s dividend payout ratio is currently 50.06%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Daiwa America raised shares of Honeywell International to a “moderate buy” rating in a research report on Wednesday, June 5th. UBS Group raised Honeywell International from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $175.00 to $215.00 in a report on Monday, June 10th. Morgan Stanley started coverage on Honeywell International in a report on Friday, September 6th. They issued an “equal weight” rating and a $210.00 target price on the stock. Royal Bank of Canada cut their price target on 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. Finally, StockNews.com cut shares of Honeywell International from a “buy” rating to a “hold” rating in a research note on Friday, August 30th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus 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.