Honeywell International Inc. (NASDAQ:HON) Shares Sold by Beverly Hills Private Wealth LLC

Beverly Hills Private Wealth LLC lowered its position in shares of Honeywell International Inc. (NASDAQ:HON) by 14.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,848 shares of the conglomerate’s stock after selling 1,297 shares during the period. Beverly Hills Private Wealth LLC’s holdings in Honeywell International were worth $1,676,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in HON. Gryphon Financial Partners LLC boosted its position in shares of Honeywell International by 211.0% during the fourth quarter. Gryphon Financial Partners LLC now owns 5,384 shares of the conglomerate’s stock worth $1,130,000 after buying an additional 3,653 shares during the period. M&G Investment Management Ltd. acquired a new position in shares of Honeywell International in the fourth quarter valued at approximately $1,679,000. Vise Technologies Inc. boosted its position in Honeywell International by 39.6% in the 4th quarter. Vise Technologies Inc. now owns 1,558 shares of the conglomerate’s stock valued at $327,000 after buying an additional 442 shares during the period. Foundations Investment Advisors LLC grew its stake in shares of Honeywell International by 9.6% in the fourth quarter. Foundations Investment Advisors LLC now owns 6,243 shares of the conglomerate’s stock worth $1,232,000 after acquiring an additional 547 shares in the last quarter. Finally, Apexium Financial LP acquired a new stake in shares of Honeywell International in the fourth quarter valued at $287,000. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Honeywell International Stock Up 1.5 %

Shares of NASDAQ:HON opened at $204.04 on Thursday. The firm has a fifty day moving average price of $205.80 and a 200 day moving average price of $203.20. Honeywell International Inc. has a 1-year low of $174.88 and a 1-year high of $220.79. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.21 and a quick ratio of 0.91. The stock has a market cap of $132.87 billion, a P/E ratio of 23.64, a P/E/G ratio of 2.25 and a beta of 1.03.

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

Honeywell International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 16th were paid a $1.08 dividend. This represents a $4.32 annualized dividend and a dividend yield of 2.12%. The ex-dividend date was Friday, August 16th. Honeywell International’s dividend payout ratio (DPR) is presently 50.06%.

Wall Street Analysts Forecast Growth

HON has been the topic of several recent research reports. Daiwa America upgraded Honeywell International to a “moderate buy” rating in a report on Wednesday, June 5th. Wells Fargo & Company cut 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. StockNews.com downgraded Honeywell International from a “buy” rating to a “hold” rating in a report on Friday, August 30th. Royal Bank of Canada cut their price objective on shares of Honeywell International from $218.00 to $214.00 and set a “sector perform” rating on the stock in a report on Friday, July 26th. Finally, UBS Group upgraded shares of Honeywell International from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $175.00 to $215.00 in a research report on Monday, June 10th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $223.13.

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.