Honeywell International Inc. (NASDAQ:HON) Shares Sold by Benjamin Edwards Inc.

Benjamin Edwards Inc. lowered its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 3.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,739 shares of the conglomerate’s stock after selling 59 shares during the quarter. Benjamin Edwards Inc.’s holdings in Honeywell International were worth $371,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in HON. Price T Rowe Associates Inc. MD lifted its position in Honeywell International by 22.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,587,718 shares of the conglomerate’s stock valued at $1,967,880,000 after purchasing an additional 1,746,759 shares during the last quarter. Northern Trust Corp grew its holdings in Honeywell International by 0.3% in the 4th quarter. Northern Trust Corp now owns 6,451,134 shares of the conglomerate’s stock worth $1,352,867,000 after buying an additional 17,591 shares in the last quarter. Capital Research Global Investors increased its position in Honeywell International by 6.7% in the 1st quarter. Capital Research Global Investors now owns 3,402,252 shares of the conglomerate’s stock valued at $698,312,000 after acquiring an additional 212,327 shares during the period. Dimensional Fund Advisors LP raised its stake in Honeywell International by 12.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,950,562 shares of the conglomerate’s stock valued at $630,086,000 after acquiring an additional 325,272 shares in the last quarter. Finally, Janus Henderson Group PLC grew its stake in shares of Honeywell International by 8.1% in the first quarter. Janus Henderson Group PLC now owns 2,698,596 shares of the conglomerate’s stock worth $553,880,000 after purchasing an additional 202,358 shares in the last quarter. 75.91% of the stock is owned by institutional investors and hedge funds.

Honeywell International Stock Performance

Shares of HON stock opened at $203.35 on Friday. The stock’s fifty day simple moving average is $204.50 and its 200-day simple moving average is $203.42. The company has a market capitalization of $132.42 billion, a price-to-earnings ratio of 23.56, a P/E/G 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 Inc. has a 1-year low of $174.88 and a 1-year high of $220.79.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings results on Thursday, July 25th. The conglomerate reported $2.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.42 by $0.07. The business had revenue of $9.58 billion during the quarter, compared to analyst estimates 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 was up 4.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.23 earnings per share. On average, sell-side analysts predict 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. Investors of record on Friday, August 16th were issued a dividend of $1.08 per share. The ex-dividend date was Friday, August 16th. This represents a $4.32 annualized dividend and a dividend yield of 2.12%. Honeywell International’s dividend payout ratio is 50.06%.

Analysts Set New Price Targets

HON has been the subject of several research analyst reports. UBS Group raised shares of Honeywell International from a “sell” rating to a “neutral” rating and upped their price objective for the stock from $175.00 to $215.00 in a report on Monday, June 10th. Daiwa America upgraded shares of Honeywell International to a “moderate buy” rating in a report on Wednesday, June 5th. Citigroup upped their target price on Honeywell International from $243.00 to $244.00 and gave the stock a “buy” rating in a research report on Tuesday, June 4th. Royal Bank of Canada lowered their price target on Honeywell International from $218.00 to $214.00 and set a “sector perform” rating on the stock in a research report on Friday, July 26th. Finally, Wells Fargo & Company cut 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. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock 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.