ProShare Advisors LLC Decreases Stake in Honeywell International Inc. (NASDAQ:HON)

ProShare Advisors LLC decreased its holdings in Honeywell International Inc. (NASDAQ:HON) by 7.3% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 756,503 shares of the conglomerate’s stock after selling 59,702 shares during the quarter. ProShare Advisors LLC owned about 0.12% of Honeywell International worth $161,544,000 as of its most recent filing with the SEC.

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

Wall Street Analyst Weigh In

Several analysts have weighed in on HON shares. Royal Bank of Canada lowered their target price on 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 raised their target price for the company from $175.00 to $215.00 in a report on Monday, June 10th. Citigroup upped their price target on shares of Honeywell International from $243.00 to $244.00 and gave the company a “buy” rating in a report on Tuesday, June 4th. Wells Fargo & Company dropped 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 note on Friday, July 26th. Finally, Morgan Stanley started coverage on 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 research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $223.13.

Honeywell International Stock Down 0.2 %

HON opened at $203.35 on Friday. Honeywell International Inc. has a 12 month low of $174.88 and a 12 month high of $220.79. The business has a 50-day moving average of $204.50 and a two-hundred day moving average of $203.46. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.21 and a quick ratio of 0.91. The stock has a market capitalization 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.

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 analysts’ consensus estimates of $2.42 by $0.07. The firm had revenue of $9.58 billion during 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%. Honeywell International’s revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.23 earnings per share. On average, research analysts expect that Honeywell International Inc. will post 10.11 earnings per share for the current year.

Honeywell International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 6th. Shareholders 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 yield of 2.12%. The ex-dividend date of this dividend was Friday, August 16th. Honeywell International’s dividend payout ratio (DPR) is presently 50.06%.

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.