Honeywell International Inc. (NASDAQ:HON) Shares Sold by Y.D. More Investments Ltd

Y.D. More Investments Ltd lowered its position in shares of Honeywell International Inc. (NASDAQ:HON) by 9.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 593 shares of the conglomerate’s stock after selling 61 shares during the period. Y.D. More Investments Ltd’s holdings in Honeywell International were worth $126,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of HON. LGT Group Foundation acquired a new position in shares of Honeywell International during the first quarter worth $26,000. Scarborough Advisors LLC acquired a new position in shares of Honeywell International during the fourth quarter worth $27,000. Richardson Capital Management LLC purchased a new stake in Honeywell International in the first quarter valued at $35,000. Financial Connections Group Inc. purchased a new stake in Honeywell International in the second quarter valued at $38,000. Finally, Pathway Financial Advisers LLC purchased a new stake in Honeywell International in the first quarter valued at $39,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. 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. UBS Group raised shares of Honeywell International from a “sell” rating to a “neutral” rating and boosted their price target for the company from $175.00 to $215.00 in a research report on Monday, June 10th. Daiwa America raised shares of Honeywell International to a “moderate buy” rating in a research report on Wednesday, June 5th. StockNews.com cut shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Friday, August 30th. Finally, Wells Fargo & Company reduced 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 report on Friday, July 26th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Honeywell International has a consensus rating of “Hold” and a consensus price target of $223.13.

Honeywell International Price Performance

Shares of NASDAQ:HON opened at $204.67 on Friday. The company has a 50-day simple moving average of $205.64 and a 200-day simple moving average of $203.21. Honeywell International Inc. has a one year low of $174.88 and a one year high of $220.79. 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 capitalization of $133.28 billion, a price-to-earnings ratio of 23.72, a PEG ratio of 2.25 and a beta of 1.03.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings results on Thursday, July 25th. The conglomerate reported $2.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.42 by $0.07. The firm had revenue of $9.58 billion during the quarter, compared to analysts’ expectations of $9.41 billion. Honeywell International had a net margin of 15.49% and a return on equity of 36.87%. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the prior year, the company posted $2.23 earnings per share. On average, analysts predict that Honeywell International Inc. will post 10.12 EPS for the current year.

Honeywell International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 16th were issued a dividend of $1.08 per share. The ex-dividend date was Friday, August 16th. This represents a $4.32 annualized dividend and a yield of 2.11%. 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.