PFG Advisors Cuts Stake in Honeywell International Inc. (NASDAQ:HON)

PFG Advisors lessened its holdings in Honeywell International Inc. (NASDAQ:HON) by 1.6% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,876 shares of the conglomerate’s stock after selling 240 shares during the period. PFG Advisors’ holdings in Honeywell International were worth $3,177,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Price T Rowe Associates Inc. MD increased its position in shares of Honeywell International by 32.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 7,840,959 shares of the conglomerate’s stock valued at $1,644,328,000 after purchasing an additional 1,899,373 shares during the last quarter. Natixis increased its holdings in Honeywell International by 184.8% in the first quarter. Natixis now owns 838,716 shares of the conglomerate’s stock valued at $172,146,000 after buying an additional 544,175 shares during the last quarter. Capital Research Global Investors raised its stake in Honeywell International by 20.4% in the fourth quarter. Capital Research Global Investors now owns 3,189,925 shares of the conglomerate’s stock valued at $668,959,000 after buying an additional 539,644 shares in the last quarter. First Financial Bankshares Inc purchased a new stake in Honeywell International during the 4th quarter worth about $72,580,000. Finally, Janus Henderson Group PLC boosted its position in shares of 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 acquiring an additional 202,358 shares in the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on HON shares. Citigroup boosted their target price on Honeywell International from $243.00 to $244.00 and gave the stock a “buy” rating in a research note on Tuesday, June 4th. Wells Fargo & Company reduced their price objective on shares of Honeywell International from $220.00 to $215.00 and set an “equal weight” rating for the company in a research report on Friday, July 26th. StockNews.com downgraded shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Friday, August 30th. Royal Bank of Canada reduced their price target on shares of Honeywell International from $218.00 to $214.00 and set a “sector perform” rating for the company in a research report on Friday, July 26th. Finally, Morgan Stanley began coverage on Honeywell International in a report on Friday, September 6th. They set an “equal weight” rating and a $210.00 price objective on the stock. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $223.13.

Honeywell International Price Performance

Shares of HON opened at $204.04 on Thursday. 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 fifty-two week low of $174.88 and a fifty-two week high of $220.79. The firm has a 50-day simple moving average of $205.80 and a 200-day simple moving average of $203.20. The company has a market capitalization of $132.87 billion, a price-to-earnings ratio of 23.64, a price-to-earnings-growth ratio of 2.25 and a beta of 1.03.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings data 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 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 for the quarter was up 4.7% on a year-over-year basis. During the same period last year, the firm earned $2.23 EPS. On average, equities research analysts anticipate that Honeywell International Inc. will post 10.12 earnings per share for the current year.

Honeywell International Dividend Announcement

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