Crossmark Global Holdings Inc. Has $7.68 Million Stock Position in Honeywell International Inc. (NASDAQ:HON)

Crossmark Global Holdings Inc. reduced its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 2.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,984 shares of the conglomerate’s stock after selling 900 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Honeywell International were worth $7,684,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Cypress Wealth Services LLC grew its holdings in shares of Honeywell International by 2.5% during the second quarter. Cypress Wealth Services LLC now owns 1,952 shares of the conglomerate’s stock valued at $417,000 after buying an additional 47 shares during the last quarter. Bard Financial Services Inc. lifted its position in shares of Honeywell International by 0.3% during the second quarter. Bard Financial Services Inc. now owns 17,594 shares of the conglomerate’s stock valued at $3,757,000 after purchasing an additional 50 shares in the last quarter. Quent Capital LLC lifted its position in shares of Honeywell International by 3.0% during the second quarter. Quent Capital LLC now owns 1,773 shares of the conglomerate’s stock valued at $379,000 after purchasing an additional 51 shares in the last quarter. Legacy Trust lifted its position in shares of Honeywell International by 2.1% during the first quarter. Legacy Trust now owns 2,527 shares of the conglomerate’s stock valued at $519,000 after purchasing an additional 52 shares in the last quarter. Finally, NTV Asset Management LLC lifted its position in shares of Honeywell International by 1.5% during the fourth quarter. NTV Asset Management LLC now owns 3,722 shares of the conglomerate’s stock valued at $781,000 after purchasing an additional 55 shares in the last quarter. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently weighed in on HON. StockNews.com lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Friday. Royal Bank of Canada lowered their price objective on shares of Honeywell International from $218.00 to $214.00 and set a “sector perform” rating on the stock in a research report on Friday, July 26th. UBS Group raised shares of Honeywell International from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $175.00 to $215.00 in a research report on Monday, June 10th. Wells Fargo & Company lowered their price objective on shares of Honeywell International from $220.00 to $215.00 and set an “equal weight” rating on the stock in a research report on Friday, July 26th. Finally, Daiwa America raised shares of Honeywell International to a “moderate buy” rating in a research report on Wednesday, June 5th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $225.00.

Honeywell International Stock Performance

Shares of NASDAQ HON traded up $0.40 during midday trading on Friday, hitting $207.91. The company’s stock had a trading volume of 1,923,393 shares, compared to its average volume of 2,891,480. The stock has a fifty day moving average price of $207.60 and a 200 day moving average price of $202.80. Honeywell International Inc. has a one year low of $174.88 and a one year high of $220.79. The company has a current ratio of 1.21, a quick ratio of 0.91 and a debt-to-equity ratio of 1.19. The firm has a market capitalization of $135.39 billion, a price-to-earnings ratio of 24.09, a P/E/G ratio of 2.32 and a beta of 1.04.

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, beating the consensus estimate of $2.42 by $0.07. The company had revenue of $9.58 billion for the quarter, compared to analyst estimates of $9.41 billion. Honeywell International had a net margin of 15.49% and a return on equity of 36.87%. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.23 earnings per share. On average, research analysts forecast that Honeywell International Inc. will post 10.14 EPS for the current fiscal year.

Honeywell International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Friday, August 16th will be paid a dividend of $1.08 per share. The ex-dividend date of this dividend is Friday, August 16th. This represents a $4.32 annualized dividend and a yield of 2.08%. 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.