AQR Capital Management LLC Sells 1,574 Shares of Honeywell International Inc. (NASDAQ:HON)

AQR Capital Management LLC reduced its position in shares of Honeywell International Inc. (NASDAQ:HON) by 2.7% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 56,501 shares of the conglomerate’s stock after selling 1,574 shares during the quarter. AQR Capital Management LLC’s holdings in Honeywell International were worth $12,065,000 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 business. Connectus Wealth LLC increased its holdings in Honeywell International by 2.2% during the fourth quarter. Connectus Wealth LLC now owns 224,661 shares of the conglomerate’s stock valued at $47,128,000 after buying an additional 4,789 shares during the last quarter. Sanibel Captiva Trust Company Inc. purchased a new stake in shares of Honeywell International in the 4th quarter worth $27,230,000. Trilogy Capital Inc. raised its holdings in Honeywell International by 125.7% in the 1st 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 during the first quarter valued at $1,398,000. Finally, Lloyd Advisory Services LLC. bought a new stake in Honeywell International during the first quarter valued at about $1,110,000. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Trading Down 0.3 %

Shares of HON stock opened at $206.07 on Wednesday. The stock’s 50-day moving average price is $202.94 and its 200-day moving average price is $203.81. Honeywell International Inc. has a 12-month low of $174.88 and a 12-month high of $220.79. The stock has a market capitalization of $134.19 billion, a price-to-earnings ratio of 23.88, a price-to-earnings-growth ratio of 2.32 and a beta of 1.03. 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 issued its quarterly earnings data on Thursday, July 25th. The conglomerate reported $2.49 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $9.41 billion. During the same period in the prior year, the firm earned $2.23 EPS. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. Equities research analysts predict that Honeywell International Inc. will post 10.11 EPS for the current fiscal year.

Honeywell International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be issued a $1.13 dividend. The ex-dividend date is Friday, November 15th. This is an increase from Honeywell International’s previous quarterly dividend of $1.08. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.19%. Honeywell International’s payout ratio is 52.38%.

Analyst Ratings Changes

Several research firms have recently commented on HON. Wells Fargo & Company decreased their price objective on Honeywell International from $220.00 to $215.00 and set an “equal weight” rating on the stock in a research note on Friday, July 26th. StockNews.com lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Friday, August 30th. Daiwa America upgraded shares of Honeywell International to a “moderate buy” rating in a research report on Wednesday, June 5th. UBS Group raised shares of Honeywell International from a “sell” rating to a “neutral” rating and upped their target price for the stock from $175.00 to $215.00 in a report on Monday, June 10th. Finally, Citigroup raised their price target on Honeywell International from $243.00 to $244.00 and gave the company a “buy” rating in a report on Tuesday, June 4th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus 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.