Honeywell International Inc. (NASDAQ:HON) Shares Sold by Mount Vernon Associates Inc. MD

Mount Vernon Associates Inc. MD lessened its stake in Honeywell International Inc. (NASDAQ:HON) by 3.4% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 11,209 shares of the conglomerate’s stock after selling 400 shares during the period. Honeywell International comprises 2.1% of Mount Vernon Associates Inc. MD’s investment portfolio, making the stock its 12th biggest position. Mount Vernon Associates Inc. MD’s holdings in Honeywell International were worth $2,394,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. LGT Group Foundation purchased a new stake in Honeywell International during the 1st quarter worth approximately $26,000. Scarborough Advisors LLC purchased a new stake in Honeywell International in the fourth quarter valued at approximately $27,000. Altshuler Shaham Ltd purchased a new stake in shares of Honeywell International during the fourth quarter worth $27,000. Rakuten Securities Inc. purchased a new stake in shares of Honeywell International during the fourth quarter worth $31,000. Finally, Richardson Capital Management LLC purchased a new position in Honeywell International in the first quarter valued at $35,000. 75.91% of the stock is owned by hedge funds and other institutional investors.

Honeywell International Price Performance

Shares of NASDAQ:HON traded up $1.11 during trading on Friday, reaching $198.50. The company had a trading volume of 2,811,121 shares, compared to its average volume of 2,931,357. The firm’s fifty day moving average is $209.04 and its 200 day moving average is $202.39. The firm has a market capitalization of $129.26 billion, a PE ratio of 23.00, a price-to-earnings-growth ratio of 2.32 and a beta of 1.04. Honeywell International Inc. has a twelve month low of $174.88 and a twelve month 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.

Honeywell International (NASDAQ:HON) last released its earnings results on Thursday, July 25th. The conglomerate reported $2.49 EPS for the quarter, beating the consensus estimate of $2.42 by $0.07. Honeywell International had a net margin of 15.49% and a return on equity of 36.87%. The business had revenue of $9.58 billion during the quarter, compared to analyst estimates of $9.41 billion. During the same period in the prior year, the business earned $2.23 earnings per share. The business’s quarterly revenue was up 4.7% on a year-over-year basis. On average, equities analysts forecast that Honeywell International Inc. will post 10.14 EPS for the current year.

Honeywell International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Stockholders of record on Friday, August 16th will be issued a dividend of $1.08 per share. The ex-dividend date is Friday, August 16th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.18%. Honeywell International’s dividend payout ratio is currently 50.06%.

Analyst Upgrades and Downgrades

HON has been the topic of several recent analyst reports. Citigroup increased their target price on Honeywell International from $243.00 to $244.00 and gave the company a “buy” rating in a report on Tuesday, June 4th. Wells Fargo & Company dropped 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. UBS Group raised shares of Honeywell International from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $175.00 to $215.00 in a research note on Monday, June 10th. StockNews.com upgraded shares of Honeywell International from a “hold” rating to a “buy” rating in a report on Friday. Finally, Daiwa America upgraded shares of Honeywell International to a “moderate buy” rating in a report on Wednesday, June 5th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $225.00.

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.