Wellington Shields Capital Management LLC Has $2.08 Million Position in Honeywell International Inc. (NASDAQ:HON)

Wellington Shields Capital Management LLC cut its holdings in Honeywell International Inc. (NASDAQ:HON) by 1.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,741 shares of the conglomerate’s stock after selling 100 shares during the period. Wellington Shields Capital Management LLC’s holdings in Honeywell International were worth $2,080,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Price T Rowe Associates Inc. MD grew its holdings in Honeywell International by 22.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 9,587,718 shares of the conglomerate’s stock worth $1,967,880,000 after purchasing an additional 1,746,759 shares during the period. Northern Trust Corp grew its stake in shares of Honeywell International by 0.3% in the 4th quarter. Northern Trust Corp now owns 6,451,134 shares of the conglomerate’s stock valued at $1,352,867,000 after buying an additional 17,591 shares during the period. Capital Research Global Investors increased its position in Honeywell International by 6.7% in the 1st quarter. Capital Research Global Investors now owns 3,402,252 shares of the conglomerate’s stock valued at $698,312,000 after buying an additional 212,327 shares in the last quarter. Janus Henderson Group PLC raised its stake in Honeywell International by 8.1% during the 1st quarter. Janus Henderson Group PLC now owns 2,698,596 shares of the conglomerate’s stock worth $553,880,000 after buying an additional 202,358 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in Honeywell International by 12.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,473,627 shares of the conglomerate’s stock worth $518,740,000 after buying an additional 269,739 shares during the period. Institutional investors own 75.91% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on HON shares. Citigroup raised their price objective on Honeywell International from $243.00 to $244.00 and gave the company a “buy” rating in a research note on Tuesday, June 4th. UBS Group raised shares of Honeywell International from a “sell” rating to a “neutral” rating and lifted their price target for the company from $175.00 to $215.00 in a research report on Monday, June 10th. Daiwa America upgraded shares of Honeywell International to a “moderate buy” rating in a report on Wednesday, June 5th. StockNews.com cut shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Friday, August 30th. Finally, Morgan Stanley initiated coverage on shares of Honeywell International in a research report on Friday. They set 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 data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $223.13.

Honeywell International Stock Down 1.0 %

Honeywell International stock traded down $2.06 during midday trading on Friday, hitting $200.92. 205,487 shares of the stock were exchanged, compared to its average volume of 2,856,073. The company has a quick ratio of 0.91, a current ratio of 1.21 and a debt-to-equity ratio of 1.19. The stock has a market capitalization of $130.84 billion, a price-to-earnings ratio of 23.52, a price-to-earnings-growth ratio of 2.37 and a beta of 1.04. Honeywell International Inc. has a 52-week low of $174.88 and a 52-week high of $220.79. The business’s 50-day moving average price is $206.72 and its 200-day moving average price is $203.13.

Honeywell International (NASDAQ:HON) last announced its earnings results on Thursday, July 25th. The conglomerate reported $2.49 earnings per share for the quarter, topping analysts’ consensus estimates of $2.42 by $0.07. The firm had revenue of $9.58 billion for 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 business earned $2.23 EPS. On average, research analysts expect that Honeywell International Inc. will post 10.12 EPS for the current fiscal year.

Honeywell International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Stockholders of record on Friday, August 16th will be paid a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date is Friday, August 16th. 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.