Honeywell International Inc. (NASDAQ:HON) Shares Sold by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC reduced its holdings in Honeywell International Inc. (NASDAQ:HON) by 1.0% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 62,902 shares of the conglomerate’s stock after selling 621 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Honeywell International were worth $13,290,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. LGT Group Foundation purchased a new position in Honeywell International in the 1st quarter valued at approximately $26,000. Scarborough Advisors LLC purchased a new position in Honeywell International in the 4th quarter valued at approximately $27,000. Richardson Capital Management LLC purchased a new position in Honeywell International in the 1st quarter valued at approximately $35,000. Financial Connections Group Inc. purchased a new position in Honeywell International in the 2nd quarter valued at approximately $38,000. Finally, Pathway Financial Advisers LLC purchased a new position in Honeywell International in the 1st quarter valued at approximately $39,000. 75.91% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on HON. Royal Bank of Canada dropped their price objective on Honeywell International from $218.00 to $214.00 and set a “sector perform” rating for the company in a research note on Friday, July 26th. StockNews.com downgraded Honeywell International from a “buy” rating to a “hold” rating in a research report on Friday, August 30th. Daiwa America raised Honeywell International to a “moderate buy” rating in a research report on Wednesday, June 5th. Morgan Stanley started coverage on Honeywell International in a research report on Friday, September 6th. They set an “equal weight” rating and a $210.00 price target for the company. Finally, Citigroup raised their price target on Honeywell International from $243.00 to $244.00 and gave the stock a “buy” rating in a research report on Tuesday, June 4th. Six investment 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, Honeywell International presently has an average rating of “Hold” and a consensus target price of $223.13.

Honeywell International Price Performance

Shares of NASDAQ:HON opened at $204.24 on Wednesday. The company has a market cap of $133.00 billion, a P/E ratio of 23.67, a P/E/G ratio of 2.32 and a beta of 1.03. The company has a quick ratio of 0.91, a current ratio of 1.21 and a debt-to-equity ratio of 1.19. Honeywell International Inc. has a 52 week low of $174.88 and a 52 week high of $220.79. The business has a fifty day simple moving average of $205.22 and a 200-day simple moving average of $203.40.

Honeywell International (NASDAQ:HON) last issued its earnings results on Thursday, July 25th. The conglomerate reported $2.49 earnings per share for the quarter, beating 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 analysts’ expectations of $9.41 billion. During the same quarter last year, the firm earned $2.23 earnings per share. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. Equities research analysts forecast that Honeywell International Inc. will post 10.11 EPS for the current year.

Honeywell International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 16th were issued a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date was Friday, August 16th. Honeywell International’s payout ratio is currently 50.06%.

Honeywell International Company 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.