Summit Trail Advisors LLC Trims Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

Summit Trail Advisors LLC decreased its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 39.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,610 shares of the conglomerate’s stock after selling 3,053 shares during the quarter. Summit Trail Advisors LLC’s holdings in Honeywell International were worth $984,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the stock. LGT Group Foundation purchased a new stake in Honeywell International in the 1st quarter worth approximately $26,000. Scarborough Advisors LLC purchased a new stake in shares of Honeywell International in the fourth quarter worth $27,000. Richardson Capital Management LLC bought a new stake in Honeywell International during the first quarter valued at $35,000. Financial Connections Group Inc. purchased a new position in Honeywell International during the second quarter worth about $38,000. Finally, Pathway Financial Advisers LLC purchased a new stake in shares of Honeywell International in the 1st quarter valued at about $39,000. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Trading Down 0.2 %

NASDAQ HON opened at $203.35 on Monday. The firm has a market cap 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. Honeywell International Inc. has a 1-year low of $174.88 and a 1-year high of $220.79. The stock has a 50-day moving average of $204.50 and a 200-day moving average of $203.48. 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 announced its quarterly earnings data on Thursday, July 25th. The conglomerate reported $2.49 earnings per share for the quarter, beating 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 firm had revenue of $9.58 billion during the quarter, compared to the consensus estimate of $9.41 billion. During the same quarter in the previous year, the company posted $2.23 earnings per share. The business’s revenue was up 4.7% on a year-over-year basis. As a group, sell-side analysts forecast that Honeywell International Inc. will post 10.11 EPS for the current year.

Honeywell International Dividend Announcement

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

Wall Street Analyst Weigh In

HON has been the subject of several recent analyst reports. UBS Group raised Honeywell International from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $175.00 to $215.00 in a report on Monday, June 10th. Wells Fargo & Company decreased their price target on shares of Honeywell International from $220.00 to $215.00 and set an “equal weight” rating on the stock in a report on Friday, July 26th. Citigroup lifted their price objective on shares of Honeywell International from $243.00 to $244.00 and gave the stock a “buy” rating in a report on Tuesday, June 4th. Daiwa America raised Honeywell International to a “moderate buy” rating in a research note on Wednesday, June 5th. Finally, Morgan Stanley initiated coverage on Honeywell International in a research note on Friday, September 6th. They set an “equal weight” rating and a $210.00 price target for the company. Six analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus 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.