Resources Management Corp CT ADV Lowers Position in Honeywell International Inc. (NASDAQ:HON)

Resources Management Corp CT ADV decreased its position in Honeywell International Inc. (NASDAQ:HON) by 11.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,592 shares of the conglomerate’s stock after selling 3,575 shares during the quarter. Resources Management Corp CT ADV’s holdings in Honeywell International were worth $5,892,000 at the end of the most recent reporting period.

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

Honeywell International Stock Performance

HON stock opened at $203.77 on Tuesday. Honeywell International Inc. has a 12-month low of $174.88 and a 12-month high of $220.79. The stock’s 50 day simple moving average is $204.26 and its 200 day simple moving average is $203.49. The company has a current ratio of 1.21, a quick ratio of 0.91 and a debt-to-equity ratio of 1.19. The stock has a market capitalization of $132.69 billion, a PE ratio of 23.61, a price-to-earnings-growth ratio of 2.32 and a beta of 1.03.

Honeywell International (NASDAQ:HON) last released its quarterly earnings results 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 for the quarter, compared to analysts’ expectations of $9.41 billion. During the same period in the prior year, the firm earned $2.23 EPS. The company’s revenue was up 4.7% compared to the same quarter last year. As a group, research analysts forecast that Honeywell International Inc. will post 10.11 earnings per share 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 issued a $1.08 dividend. This represents a $4.32 annualized dividend and a yield of 2.12%. The ex-dividend date was Friday, August 16th. Honeywell International’s dividend payout ratio is 50.06%.

Wall Street Analysts Forecast Growth

HON has been the subject of a number of recent research reports. Royal Bank of Canada reduced their price objective on shares of Honeywell International from $218.00 to $214.00 and set a “sector perform” rating for the company in a research note on Friday, July 26th. Morgan Stanley started coverage on Honeywell International in a research note on Friday, September 6th. They set an “equal weight” rating and a $210.00 price objective on the stock. Wells Fargo & Company cut their target price on 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. UBS Group upgraded 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 research report on Monday, June 10th. Finally, Daiwa America raised shares of Honeywell International to a “moderate buy” rating in a research note on Wednesday, June 5th. Six 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 stock currently has a consensus rating of “Hold” and a consensus price target of $223.13.

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.