Xponance Inc. Has $20.05 Million Stake in Honeywell International Inc. (NASDAQ:HON)

Xponance Inc. lowered its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 0.6% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 93,890 shares of the conglomerate’s stock after selling 532 shares during the period. Xponance Inc.’s holdings in Honeywell International were worth $20,049,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in HON. LGT Group Foundation acquired a new stake in Honeywell International during the 1st quarter worth $26,000. Scarborough Advisors LLC bought a new stake in Honeywell International during the 4th quarter worth about $27,000. Richardson Capital Management LLC bought a new stake in Honeywell International during the 1st quarter worth about $35,000. Financial Connections Group Inc. acquired a new position in shares of Honeywell International during the 2nd quarter worth about $38,000. Finally, Pathway Financial Advisers LLC acquired a new position in shares of Honeywell International during the 1st quarter worth about $39,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Stock Performance

Shares of NASDAQ:HON opened at $203.35 on Monday. The company has a market cap of $132.42 billion, a price-to-earnings ratio of 23.56, a price-to-earnings-growth ratio of 2.32 and a beta of 1.03. The company has a 50-day moving average price of $204.50 and a 200-day moving average price of $203.48. 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 Inc. has a 12 month low of $174.88 and a 12 month high of $220.79.

Honeywell International (NASDAQ:HON) last released its earnings results on Thursday, July 25th. The conglomerate reported $2.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.42 by $0.07. Honeywell International had a net margin of 15.49% and a return on equity of 36.87%. The firm had revenue of $9.58 billion during the quarter, compared to analyst estimates of $9.41 billion. During the same period last year, the business earned $2.23 earnings per share. The business’s revenue 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 year.

Honeywell International Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of analysts have issued reports on HON shares. Royal Bank of Canada cut their price objective on shares of Honeywell International from $218.00 to $214.00 and set a “sector perform” rating for the company in a report on Friday, July 26th. Wells Fargo & Company decreased their price objective on shares of Honeywell International from $220.00 to $215.00 and set an “equal weight” rating for the company in a research report on Friday, July 26th. Citigroup raised their price target 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. UBS Group upgraded shares of Honeywell International from a “sell” rating to a “neutral” rating and raised their price target for the stock from $175.00 to $215.00 in a report on Monday, June 10th. Finally, Morgan Stanley assumed coverage on shares of Honeywell International in a research note on Friday, September 6th. They issued an “equal weight” rating and a $210.00 price objective on the stock. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Honeywell International currently has an average rating of “Hold” and an average price target of $223.13.

About Honeywell International

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.