Honeywell International Inc. (NASDAQ:HON) Shares Sold by Narwhal Capital Management

Narwhal Capital Management decreased its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 25.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,351 shares of the conglomerate’s stock after selling 1,460 shares during the period. Narwhal Capital Management’s holdings in Honeywell International were worth $929,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of HON. SFE Investment Counsel raised its position in Honeywell International by 2.4% in the second quarter. SFE Investment Counsel now owns 20,613 shares of the conglomerate’s stock worth $4,402,000 after acquiring an additional 487 shares in the last quarter. Private Advisor Group LLC grew its stake in shares of Honeywell International by 13.1% during the 2nd quarter. Private Advisor Group LLC now owns 87,781 shares of the conglomerate’s stock worth $18,745,000 after purchasing an additional 10,150 shares during the period. Farmers & Merchants Investments Inc. increased its holdings in shares of Honeywell International by 1.0% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 70,901 shares of the conglomerate’s stock valued at $15,140,000 after purchasing an additional 694 shares in the last quarter. Synergy Asset Management LLC acquired a new stake in shares of Honeywell International in the second quarter valued at about $872,000. Finally, Denver PWM LLC purchased a new stake in Honeywell International during the second quarter worth about $87,000. 75.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Citigroup increased their target price on shares of Honeywell International from $243.00 to $244.00 and gave the company a “buy” rating in a report on Tuesday, June 4th. Royal Bank of Canada dropped their price objective on 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. Daiwa America upgraded Honeywell International to a “moderate buy” rating in a research report on Wednesday, June 5th. UBS Group upgraded Honeywell International from a “sell” rating to a “neutral” rating and raised their price target for the company from $175.00 to $215.00 in a research report on Monday, June 10th. Finally, Morgan Stanley initiated coverage on shares of Honeywell International in a research report on Friday. They issued an “equal weight” rating and a $210.00 price objective on the stock. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $223.13.

Honeywell International Stock Down 2.4 %

Shares of NASDAQ HON opened at $198.13 on Friday. The firm has a market cap of $129.02 billion, a P/E ratio of 22.96, a price-to-earnings-growth ratio of 2.37 and a beta of 1.04. 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 Inc. has a 1 year low of $174.88 and a 1 year high of $220.79. The firm’s 50 day moving average price is $206.41 and its 200 day moving average price is $203.13.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings results on Thursday, July 25th. The conglomerate reported $2.49 EPS for the quarter, beating the consensus estimate of $2.42 by $0.07. The company had revenue of $9.58 billion during the quarter, compared to analysts’ expectations of $9.41 billion. Honeywell International had a return on equity of 36.87% and a net margin of 15.49%. The firm’s revenue was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.23 EPS. As a group, sell-side analysts anticipate that Honeywell International Inc. will post 10.12 earnings per share for the current year.

Honeywell International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 16th were issued a dividend of $1.08 per share. The ex-dividend date was Friday, August 16th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.18%. Honeywell International’s payout ratio is 50.06%.

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.