Honeywell International Inc. (NASDAQ:HON) Shares Sold by Wedbush Securities Inc.

Wedbush Securities Inc. cut its holdings in Honeywell International Inc. (NASDAQ:HON) by 1.8% during the second quarter, Holdings Channel reports. The institutional investor owned 15,126 shares of the conglomerate’s stock after selling 278 shares during the period. Wedbush Securities Inc.’s holdings in Honeywell International were worth $3,230,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of HON. LGT Group Foundation acquired a new position in shares of Honeywell International in the 1st quarter valued at $26,000. Scarborough Advisors LLC acquired a new position in Honeywell International in the fourth quarter valued at $27,000. Richardson Capital Management LLC purchased a new position in shares of Honeywell International during the first quarter worth about $35,000. Financial Connections Group Inc. acquired a new stake in shares of 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. 75.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on HON shares. StockNews.com downgraded Honeywell International from a “buy” rating to a “hold” rating in a research note on Friday, August 30th. Daiwa America upgraded shares of Honeywell International to a “moderate buy” rating in a research report on Wednesday, June 5th. UBS Group upgraded shares of 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. Wells Fargo & Company lowered their price objective on shares of 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. Finally, Morgan Stanley started coverage on shares of Honeywell International in a report on Friday. They issued an “equal weight” rating and a $210.00 target price for the company. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Honeywell International has a consensus rating of “Hold” and a consensus price target of $223.13.

Honeywell International Stock Up 0.3 %

Shares of Honeywell International stock opened at $198.75 on Monday. Honeywell International Inc. has a one year low of $174.88 and a one year high of $220.79. The company has a market cap of $129.12 billion, a P/E ratio of 22.96, a PEG ratio of 2.25 and a beta of 1.03. 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 firm has a fifty day moving average of $206.41 and a two-hundred day moving average of $203.19.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings results on Thursday, July 25th. The conglomerate reported $2.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.42 by $0.07. Honeywell International had a net margin of 15.49% and a return on equity of 36.87%. The firm had revenue of $9.58 billion during the quarter, compared to analysts’ expectations of $9.41 billion. During the same period in the prior year, the company posted $2.23 earnings per share. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. On average, 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 was paid on Friday, September 6th. Investors of record on Friday, August 16th were paid a $1.08 dividend. 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 2.17%. Honeywell International’s dividend payout ratio (DPR) is presently 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.