Modera Wealth Management LLC Sells 1,166 Shares of Honeywell International Inc. (NASDAQ:HON)

Modera Wealth Management LLC trimmed its holdings in Honeywell International Inc. (NASDAQ:HON) by 9.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,368 shares of the conglomerate’s stock after selling 1,166 shares during the quarter. Modera Wealth Management LLC’s holdings in Honeywell International were worth $2,428,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of the business. LGT Group Foundation bought a new position in shares of Honeywell International during the first quarter valued at $26,000. Scarborough Advisors LLC bought a new position in Honeywell International in the 4th quarter valued at approximately $27,000. Altshuler Shaham Ltd purchased a new stake in Honeywell International during the 4th quarter valued at $27,000. Richardson Capital Management LLC purchased a new position in shares of Honeywell International in the first quarter worth $35,000. Finally, Financial Connections Group Inc. bought a new position in shares of Honeywell International during the second quarter valued at $38,000. 75.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on HON shares. UBS Group raised Honeywell International from a “sell” rating to a “neutral” rating and boosted their target price for the stock 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 report on Wednesday, June 5th. Royal Bank of Canada dropped their target price on shares of Honeywell International from $218.00 to $214.00 and set a “sector perform” rating on the stock in a report on Friday, July 26th. Citigroup boosted their target price on shares of Honeywell International from $243.00 to $244.00 and gave the company a “buy” rating in a research note on Tuesday, June 4th. Finally, StockNews.com downgraded Honeywell International from a “buy” rating to a “hold” rating in a research note on Friday. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $225.00.

Honeywell International Stock Performance

Shares of HON stock traded up $0.40 during mid-day trading on Friday, reaching $207.91. 1,923,393 shares of the company’s stock traded hands, compared to its average volume of 2,891,480. 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 firm has a market capitalization of $135.39 billion, a PE ratio of 24.09, a price-to-earnings-growth ratio of 2.32 and a beta of 1.04. Honeywell International Inc. has a 12 month low of $174.88 and a 12 month high of $220.79. The firm has a 50 day moving average price of $207.60 and a two-hundred day moving average price of $202.80.

Honeywell International (NASDAQ:HON) last released 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. Honeywell International had a return on equity of 36.87% and a net margin of 15.49%. The business had revenue of $9.58 billion during the quarter, compared to analyst estimates of $9.41 billion. During the same quarter in the previous year, the company posted $2.23 earnings per share. Honeywell International’s revenue for the quarter was up 4.7% on a year-over-year basis. On average, research analysts forecast that Honeywell International Inc. will post 10.14 EPS for the current year.

Honeywell International Announces Dividend

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