American Century Companies Inc. Decreases Holdings in Honeywell International Inc. (NASDAQ:HON)

American Century Companies Inc. trimmed its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 2.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 271,426 shares of the conglomerate’s stock after selling 6,213 shares during the quarter. American Century Companies Inc.’s holdings in Honeywell International were worth $57,960,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. Cypress Wealth Services LLC raised its position in shares of Honeywell International by 2.5% during the 2nd quarter. Cypress Wealth Services LLC now owns 1,952 shares of the conglomerate’s stock valued at $417,000 after buying an additional 47 shares in the last quarter. Bard Financial Services Inc. grew its holdings in Honeywell International by 0.3% during the 2nd quarter. Bard Financial Services Inc. now owns 17,594 shares of the conglomerate’s stock valued at $3,757,000 after purchasing an additional 50 shares during the last quarter. Quent Capital LLC grew its holdings in Honeywell International by 3.0% during the 2nd quarter. Quent Capital LLC now owns 1,773 shares of the conglomerate’s stock valued at $379,000 after purchasing an additional 51 shares during the last quarter. Sivia Capital Partners LLC grew its holdings in Honeywell International by 3.9% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,430 shares of the conglomerate’s stock valued at $305,000 after purchasing an additional 54 shares during the last quarter. Finally, Analyst IMS Investment Management Services Ltd. grew its holdings in Honeywell International by 3.7% during the 4th quarter. Analyst IMS Investment Management Services Ltd. now owns 1,535 shares of the conglomerate’s stock valued at $322,000 after purchasing an additional 55 shares during the last quarter. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Honeywell International Price Performance

NASDAQ HON opened at $204.15 on Monday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.91 and a current ratio of 1.21. The firm’s 50 day moving average price is $205.48 and its 200-day moving average price is $203.32. Honeywell International Inc. has a 52-week low of $174.88 and a 52-week high of $220.79. The company has a market cap of $132.63 billion, a PE ratio of 23.66, a P/E/G ratio of 2.32 and a beta of 1.03.

Honeywell International (NASDAQ:HON) last released its quarterly earnings data on Thursday, July 25th. The conglomerate reported $2.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $9.41 billion. During the same period last year, the firm earned $2.23 earnings per share. The company’s quarterly revenue was up 4.7% on a year-over-year basis. Sell-side analysts forecast that Honeywell International Inc. will post 10.11 EPS for the current fiscal year.

Honeywell International Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Royal Bank of Canada cut their price target on shares of Honeywell International from $218.00 to $214.00 and set a “sector perform” rating on the stock in a report on Friday, July 26th. UBS Group upgraded shares of Honeywell International from a “sell” rating to a “neutral” rating and upped their price target for the company from $175.00 to $215.00 in a report on Monday, June 10th. Wells Fargo & Company dropped their target price on shares of 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 downgraded shares of Honeywell International from a “buy” rating to a “hold” rating in a research note on Friday, August 30th. Finally, Morgan Stanley started coverage on shares of Honeywell International in a research note on Friday, September 6th. They issued an “equal weight” rating and a $210.00 target price on the stock. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Honeywell International has an average rating of “Hold” and an average price target 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.