Honeywell International Inc. (NASDAQ:HON) Position Cut by Hendershot Investments Inc.

Hendershot Investments Inc. lowered its stake in Honeywell International Inc. (NASDAQ:HON) by 12.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 889 shares of the conglomerate’s stock after selling 125 shares during the quarter. Hendershot Investments Inc.’s holdings in Honeywell International were worth $190,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. LGT Group Foundation acquired a new stake in shares of Honeywell International in the first quarter valued at $26,000. Scarborough Advisors LLC bought a new stake in shares of Honeywell International in the 4th quarter worth approximately $27,000. Richardson Capital Management LLC bought a new position in shares of Honeywell International in the first quarter valued at $35,000. Financial Connections Group Inc. acquired a new stake in shares of Honeywell International during the 2nd quarter valued at $38,000. Finally, Pathway Financial Advisers LLC acquired a new position in shares of Honeywell International in the 1st quarter worth $39,000. 75.91% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

HON has been the topic of several recent analyst reports. Citigroup boosted their price objective on Honeywell International from $243.00 to $244.00 and gave the stock a “buy” rating in a report on Tuesday, June 4th. Daiwa America upgraded Honeywell International to a “moderate buy” rating in a report on Wednesday, June 5th. Morgan Stanley began coverage on Honeywell International in a research report on Friday. They set an “equal weight” rating and a $210.00 price objective for the company. StockNews.com lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Friday, August 30th. Finally, 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. 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, Honeywell International has a consensus rating of “Hold” and a consensus price target of $223.13.

Honeywell International Trading Down 1.2 %

Shares of NASDAQ:HON opened at $202.98 on Friday. Honeywell International Inc. has a 52-week low of $174.88 and a 52-week high of $220.79. The company has a market capitalization of $132.18 billion, a P/E ratio of 23.52, a price-to-earnings-growth ratio of 2.37 and a beta of 1.04. The company has a 50-day simple moving average of $206.72 and a 200 day simple moving average of $203.13. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.91 and a current ratio of 1.21.

Honeywell International (NASDAQ:HON) last released its quarterly 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 business had revenue of $9.58 billion for the quarter, compared to analyst estimates 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 for the quarter was up 4.7% compared to the same quarter last year. During the same period last year, the firm earned $2.23 earnings per share. Sell-side analysts forecast that Honeywell International Inc. will post 10.12 earnings per share for the current year.

Honeywell International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Stockholders of record on Friday, August 16th will be paid a $1.08 dividend. The ex-dividend date of this dividend is Friday, August 16th. This represents a $4.32 annualized dividend and a dividend yield of 2.13%. Honeywell International’s payout ratio is 50.06%.

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.