1832 Asset Management L.P. Sells 153,547 Shares of Honeywell International Inc. (NASDAQ:HON)

1832 Asset Management L.P. lowered its stake in Honeywell International Inc. (NASDAQ:HON) by 6.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 2,207,746 shares of the conglomerate’s stock after selling 153,547 shares during the quarter. Honeywell International accounts for 0.4% of 1832 Asset Management L.P.’s portfolio, making the stock its 28th biggest position. 1832 Asset Management L.P. owned 0.34% of Honeywell International worth $471,442,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Gryphon Financial Partners LLC raised its holdings in shares of Honeywell International by 211.0% during the fourth quarter. Gryphon Financial Partners LLC now owns 5,384 shares of the conglomerate’s stock valued at $1,130,000 after acquiring an additional 3,653 shares in the last quarter. Assetmark Inc. grew its stake in Honeywell International by 5.1% in the fourth quarter. Assetmark Inc. now owns 11,093 shares of the conglomerate’s stock worth $2,326,000 after purchasing an additional 543 shares during the period. SageView Advisory Group LLC grew its stake in Honeywell International by 168.2% in the fourth quarter. SageView Advisory Group LLC now owns 8,063 shares of the conglomerate’s stock worth $1,660,000 after purchasing an additional 5,057 shares during the period. TCW Group Inc. purchased a new stake in Honeywell International in the fourth quarter worth $2,179,000. Finally, Advisory Services Network LLC grew its stake in Honeywell International by 9.6% in the fourth quarter. Advisory Services Network LLC now owns 19,954 shares of the conglomerate’s stock worth $4,184,000 after purchasing an additional 1,756 shares during the period. Institutional investors own 75.91% of the company’s stock.

Honeywell International Trading Down 0.2 %

Honeywell International stock opened at $203.35 on Friday. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.21 and a quick ratio of 0.91. Honeywell International Inc. has a one year low of $174.88 and a one year high of $220.79. The stock has a market capitalization of $132.42 billion, a PE ratio of 23.56, a price-to-earnings-growth ratio of 2.32 and a beta of 1.03. The business’s fifty day moving average is $204.50 and its 200 day moving average is $203.46.

Honeywell International (NASDAQ:HON) last posted its earnings results on Thursday, July 25th. The conglomerate reported $2.49 earnings per share for the quarter, beating analysts’ consensus estimates of $2.42 by $0.07. Honeywell International had a return on equity of 36.87% and a net margin of 15.49%. The company had revenue of $9.58 billion for the quarter, compared to the consensus estimate of $9.41 billion. During the same quarter in the prior year, the company earned $2.23 earnings per share. Honeywell International’s revenue was up 4.7% on a year-over-year basis. On average, sell-side analysts predict that Honeywell International Inc. will post 10.11 EPS for the current year.

Honeywell International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 16th were issued a $1.08 dividend. 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 is 50.06%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. StockNews.com cut Honeywell International from a “buy” rating to a “hold” rating in a research note on Friday, August 30th. Morgan Stanley assumed 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. Citigroup increased their target price on Honeywell International from $243.00 to $244.00 and gave the stock a “buy” rating in a research note on Tuesday, June 4th. Daiwa America raised Honeywell International to a “moderate buy” rating in a research note on Wednesday, June 5th. Finally, Wells Fargo & Company cut their target price 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. Six 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.com, the company has a consensus rating of “Hold” and a consensus target price of $223.13.

Honeywell International 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.