Americana Partners LLC Sells 1,127 Shares of Honeywell International Inc. (NASDAQ:HON)

Americana Partners LLC lessened its holdings in Honeywell International Inc. (NASDAQ:HON) by 7.0% during the second quarter, HoldingsChannel.com reports. The firm owned 15,029 shares of the conglomerate’s stock after selling 1,127 shares during the period. Americana Partners LLC’s holdings in Honeywell International were worth $3,209,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. ESG Planning DBA Harper Investing bought a new position in shares of Honeywell International in the 2nd quarter valued at about $494,000. Pine Valley Investments Ltd Liability Co raised its holdings in Honeywell International by 32.3% during the second quarter. Pine Valley Investments Ltd Liability Co now owns 19,313 shares of the conglomerate’s stock worth $4,124,000 after acquiring an additional 4,714 shares in the last quarter. GGM Financials LLC acquired a new position in Honeywell International during the second quarter valued at approximately $327,000. Sage Rhino Capital LLC bought a new position in Honeywell International in the second quarter valued at approximately $243,000. Finally, Navalign LLC raised its stake in shares of Honeywell International by 6.3% during the 2nd quarter. Navalign LLC now owns 6,518 shares of the conglomerate’s stock worth $1,392,000 after purchasing an additional 384 shares in the last quarter. Institutional investors own 75.91% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Wells Fargo & Company decreased their target price on shares of Honeywell International from $220.00 to $215.00 and set an “equal weight” rating for the company in a research note on Friday, July 26th. Daiwa America upgraded shares of Honeywell International to a “moderate buy” rating in a research note on Wednesday, June 5th. Royal Bank of Canada dropped their target price 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. UBS Group upgraded Honeywell International from a “sell” rating to a “neutral” rating and lifted their price target for the stock from $175.00 to $215.00 in a report on Monday, June 10th. Finally, StockNews.com lowered Honeywell International from a “buy” rating to a “hold” rating in a research note on Friday. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $225.00.

Honeywell International Stock Performance

HON traded up $0.40 on Friday, reaching $207.91. The company had a trading volume of 1,923,464 shares, compared to its average volume of 2,891,480. The company’s fifty day moving average is $207.45 and its 200 day moving average is $202.87. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.91 and a current ratio of 1.21. The stock has a market cap of $135.39 billion, a P/E ratio of 24.09, a P/E/G ratio of 2.32 and a beta of 1.04. Honeywell International Inc. has a fifty-two week low of $174.88 and a fifty-two week high of $220.79.

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. Honeywell International had a return on equity of 36.87% and a net margin of 15.49%. The company had revenue of $9.58 billion for the quarter, compared to analyst estimates of $9.41 billion. During the same quarter last year, the company earned $2.23 earnings per share. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. As a group, analysts predict that Honeywell International Inc. will post 10.14 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Friday, August 16th will be given a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date of this dividend is Friday, August 16th. Honeywell International’s dividend 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.