Angeles Investment Advisors LLC Sells 828 Shares of Honeywell International Inc. (NASDAQ:HON)

Angeles Investment Advisors LLC lowered its position in Honeywell International Inc. (NASDAQ:HON) by 22.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,856 shares of the conglomerate’s stock after selling 828 shares during the quarter. Angeles Investment Advisors LLC’s holdings in Honeywell International were worth $610,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Fairfield Financial Advisors LTD purchased a new position in shares of Honeywell International during the second quarter valued at $61,000. Brown Brothers Harriman & Co. increased its position in Honeywell International by 4.3% during the 2nd quarter. Brown Brothers Harriman & Co. now owns 18,463 shares of the conglomerate’s stock valued at $3,943,000 after purchasing an additional 760 shares during the period. Rathbones Group PLC raised its holdings in shares of Honeywell International by 1.1% in the 2nd quarter. Rathbones Group PLC now owns 504,983 shares of the conglomerate’s stock valued at $107,834,000 after purchasing an additional 5,470 shares in the last quarter. Providence Wealth Advisors LLC boosted its stake in shares of Honeywell International by 1.3% during the second quarter. Providence Wealth Advisors LLC now owns 22,067 shares of the conglomerate’s stock valued at $4,699,000 after purchasing an additional 282 shares in the last quarter. Finally, Retirement Planning Co of New England Inc. raised its stake in Honeywell International by 1.9% in the second quarter. Retirement Planning Co of New England Inc. now owns 3,460 shares of the conglomerate’s stock worth $739,000 after buying an additional 64 shares in the last quarter. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Honeywell International Stock Performance

Shares of HON opened at $204.15 on Monday. The stock has a 50-day moving average of $205.48 and a two-hundred day moving average of $203.32. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.91 and a current ratio of 1.21. The stock has a market cap of $132.94 billion, a P/E ratio of 23.66, a P/E/G ratio of 2.32 and a beta of 1.03. Honeywell International Inc. has a one year low of $174.88 and a one year high of $220.79.

Honeywell International (NASDAQ:HON) last released its earnings results on Thursday, July 25th. The conglomerate reported $2.49 EPS for the quarter, topping 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 return on equity of 36.87% and a net margin of 15.49%. The company’s revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.23 earnings per share. As a group, research analysts predict that Honeywell International Inc. will post 10.11 EPS for the current year.

Honeywell International Announces Dividend

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

Analysts Set New Price Targets

Several analysts have issued reports on the company. Wells Fargo & Company dropped their target price on Honeywell International from $220.00 to $215.00 and set an “equal weight” rating on the stock in a research report on Friday, July 26th. Morgan Stanley began coverage on shares of Honeywell International in a report on Friday, September 6th. They issued an “equal weight” rating and a $210.00 target price for the company. StockNews.com downgraded shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Friday, August 30th. Daiwa America raised shares of Honeywell International to a “moderate buy” rating in a research report on Wednesday, June 5th. Finally, UBS Group upgraded Honeywell International from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $175.00 to $215.00 in a research note on Monday, June 10th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average 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.