Frisch Financial Group Inc. Lowers Position in Honeywell International Inc. (NASDAQ:HON)

Frisch Financial Group Inc. lowered its holdings in Honeywell International Inc. (NASDAQ:HON) by 9.4% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,090 shares of the conglomerate’s stock after selling 113 shares during the period. Frisch Financial Group Inc.’s holdings in Honeywell International were worth $233,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Connectus Wealth LLC raised its holdings in shares of Honeywell International by 2.2% during the 4th quarter. Connectus Wealth LLC now owns 224,661 shares of the conglomerate’s stock valued at $47,128,000 after buying an additional 4,789 shares in the last quarter. Sanibel Captiva Trust Company Inc. purchased a new position in shares of Honeywell International during the 4th quarter valued at about $27,230,000. Trilogy Capital Inc. raised its holdings in shares of Honeywell International by 125.7% during the 1st quarter. Trilogy Capital Inc. now owns 2,422 shares of the conglomerate’s stock valued at $497,000 after buying an additional 1,349 shares in the last quarter. Jupiter Asset Management Ltd. purchased a new position in shares of Honeywell International during the 1st quarter valued at about $1,398,000. Finally, Lloyd Advisory Services LLC. purchased a new position in shares of Honeywell International during the 1st quarter valued at about $1,110,000. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Daiwa America raised Honeywell International to a “moderate buy” rating in a report on Wednesday, June 5th. Royal Bank of Canada reduced their price target on Honeywell International from $218.00 to $214.00 and set a “sector perform” rating on the stock in a research report on Friday, July 26th. UBS Group upgraded Honeywell International from a “sell” rating to a “neutral” rating and raised their price target for the stock from $175.00 to $215.00 in a research report on Monday, June 10th. StockNews.com lowered Honeywell International from a “buy” rating to a “hold” rating in a research report on Friday, August 30th. Finally, Wells Fargo & Company reduced their price target 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. Six analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $223.13.

Honeywell International Price Performance

Shares of HON stock opened at $204.68 on Tuesday. The firm has a market cap of $133.28 billion, a P/E ratio of 23.72, a P/E/G ratio of 2.32 and a beta of 1.03. Honeywell International Inc. has a fifty-two week low of $174.88 and a fifty-two week high of $220.79. The business’s 50 day moving average price is $205.34 and its 200-day moving average price is $203.36. 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 (NASDAQ:HON) last issued 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. Honeywell International had a return on equity of 36.87% and a net margin of 15.49%. The firm had revenue of $9.58 billion for the quarter, compared to analyst estimates of $9.41 billion. During the same period last year, the company earned $2.23 EPS. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. On average, equities research analysts anticipate that Honeywell International Inc. will post 10.11 earnings per share for the current year.

Honeywell International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 16th were given a dividend of $1.08 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a $4.32 annualized dividend and a dividend yield of 2.11%. Honeywell International’s dividend payout ratio is presently 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.