Honeywell International Inc. (NASDAQ:HON) Shares Sold by Peregrine Asset Advisers Inc.

Peregrine Asset Advisers Inc. cut its position in shares of Honeywell International Inc. (NASDAQ:HON) by 14.8% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 1,572 shares of the conglomerate’s stock after selling 272 shares during the quarter. Peregrine Asset Advisers Inc.’s holdings in Honeywell International were worth $336,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. LGT Group Foundation purchased a new position in Honeywell International during the first quarter valued at $26,000. Scarborough Advisors LLC purchased a new position in Honeywell International in the 4th quarter valued at about $27,000. Richardson Capital Management LLC acquired a new stake in Honeywell International in the 1st quarter worth about $35,000. Financial Connections Group Inc. purchased a new stake in Honeywell International during the 2nd quarter worth approximately $38,000. Finally, Pathway Financial Advisers LLC acquired a new position in shares of Honeywell International during the first quarter valued at approximately $39,000. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on HON shares. Citigroup increased their price objective on Honeywell International from $243.00 to $244.00 and gave the company a “buy” rating in a research note on Tuesday, June 4th. Daiwa America upgraded shares of Honeywell International to a “moderate buy” rating in a report on Wednesday, June 5th. Morgan Stanley initiated coverage on Honeywell International in a research note on Friday, September 6th. They issued an “equal weight” rating and a $210.00 target price for the company. Royal Bank of Canada cut 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 report on Friday, July 26th. Finally, Wells Fargo & Company decreased their price objective on Honeywell International from $220.00 to $215.00 and set an “equal weight” rating on the stock in a report on Friday, July 26th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $223.13.

Honeywell International Stock Performance

NASDAQ:HON opened at $204.68 on Tuesday. Honeywell International Inc. has a fifty-two week low of $174.88 and a fifty-two week 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 company has a 50 day moving average price of $205.34 and a 200 day moving average price of $203.36. The stock has a market capitalization of $133.28 billion, a P/E ratio of 23.72, a PEG ratio of 2.32 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 for the quarter, beating the consensus estimate of $2.42 by $0.07. The company had revenue of $9.58 billion during the quarter, compared to the consensus estimate of $9.41 billion. Honeywell International had a return on equity of 36.87% and a net margin of 15.49%. Honeywell International’s revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the company posted $2.23 EPS. Equities research analysts forecast that Honeywell International Inc. will post 10.11 EPS for the current year.

Honeywell International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 16th were given a $1.08 dividend. 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 presently 50.06%.

Honeywell International Profile

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.