Highland Private Wealth Management Reduces Position in Honeywell International Inc. (NASDAQ:HON)

Highland Private Wealth Management cut its position in Honeywell International Inc. (NASDAQ:HONGet Rating) by 4.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,392 shares of the conglomerate’s stock after selling 61 shares during the period. Highland Private Wealth Management’s holdings in Honeywell International were worth $242,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Avity Investment Management Inc. grew its position in shares of Honeywell International by 2.5% in the 1st quarter. Avity Investment Management Inc. now owns 2,076 shares of the conglomerate’s stock valued at $404,000 after buying an additional 51 shares during the last quarter. MV Capital Management Inc. grew its position in shares of Honeywell International by 16.2% in the 1st quarter. MV Capital Management Inc. now owns 373 shares of the conglomerate’s stock valued at $73,000 after buying an additional 52 shares during the last quarter. Aviance Capital Partners LLC grew its position in shares of Honeywell International by 1.3% in the 1st quarter. Aviance Capital Partners LLC now owns 4,025 shares of the conglomerate’s stock valued at $783,000 after buying an additional 53 shares during the last quarter. Guardian Financial Partners LLC grew its position in shares of Honeywell International by 4.4% in the 1st quarter. Guardian Financial Partners LLC now owns 1,270 shares of the conglomerate’s stock valued at $244,000 after buying an additional 54 shares during the last quarter. Finally, Hemington Wealth Management grew its position in shares of Honeywell International by 4.8% in the 1st quarter. Hemington Wealth Management now owns 1,176 shares of the conglomerate’s stock valued at $229,000 after buying an additional 54 shares during the last quarter. 74.74% of the stock is owned by hedge funds and other institutional investors.

Honeywell International Stock Down 0.6 %

Shares of NASDAQ HON opened at $173.25 on Friday. The company has a quick ratio of 0.92, a current ratio of 1.20 and a debt-to-equity ratio of 0.69. Honeywell International Inc. has a 52 week low of $167.35 and a 52 week high of $228.26. The firm has a 50-day moving average price of $191.18 and a 200 day moving average price of $188.65. The stock has a market capitalization of $116.72 billion, a price-to-earnings ratio of 23.64, a price-to-earnings-growth ratio of 2.13 and a beta of 1.06.

Honeywell International (NASDAQ:HONGet Rating) last announced its quarterly earnings data on Thursday, July 28th. The conglomerate reported $2.10 EPS for the quarter, beating the consensus estimate of $2.03 by $0.07. Honeywell International had a net margin of 14.74% and a return on equity of 30.17%. The firm had revenue of $8.95 billion during the quarter, compared to analysts’ expectations of $8.67 billion. During the same quarter last year, the business earned $2.02 earnings per share. The business’s revenue for the quarter was up 1.6% compared to the same quarter last year. Equities research analysts anticipate that Honeywell International Inc. will post 8.68 EPS for the current fiscal year.

Honeywell International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 2nd. Investors of record on Friday, August 12th were paid a $0.98 dividend. This represents a $3.92 annualized dividend and a dividend yield of 2.26%. The ex-dividend date of this dividend was Thursday, August 11th. Honeywell International’s dividend payout ratio (DPR) is 53.48%.

Insider Activity at Honeywell International

In other Honeywell International news, CFO Gregory P. Lewis sold 5,011 shares of the firm’s stock in a transaction dated Thursday, July 28th. The shares were sold at an average price of $190.00, for a total transaction of $952,090.00. Following the completion of the transaction, the chief financial officer now directly owns 43,625 shares in the company, valued at approximately $8,288,750. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.45% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on HON shares. Royal Bank of Canada increased their target price on shares of Honeywell International from $184.00 to $193.00 in a research report on Friday, July 29th. TheStreet upgraded shares of Honeywell International from a “c+” rating to a “b-” rating in a research note on Thursday, August 11th. Morgan Stanley decreased their price target on shares of Honeywell International from $194.00 to $192.00 and set an “equal weight” rating for the company in a research note on Friday, July 29th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Honeywell International from $230.00 to $211.00 and set a “buy” rating for the company in a research note on Wednesday, July 13th. Finally, Citigroup increased their price target on shares of Honeywell International from $211.00 to $222.00 in a research note on Friday, July 29th. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $210.08.

Honeywell International Company Profile

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Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its 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; thermal systems, as well as wireless connectivity and management services.

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Institutional Ownership by Quarter for Honeywell International (NASDAQ:HON)

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