Hendershot Investments Inc. Sells 125 Shares of Honeywell International Inc. (NASDAQ:HON)

Hendershot Investments Inc. reduced its stake in Honeywell International Inc. (NASDAQ:HON) by 12.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 889 shares of the conglomerate’s stock after selling 125 shares during the quarter. Hendershot Investments Inc.’s holdings in Honeywell International were worth $190,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

HON has been the subject of several recent research reports. Morgan Stanley started coverage on Honeywell International in a report on Friday. They set an “equal weight” rating and a $210.00 price target for the company. Citigroup boosted their price target on shares of Honeywell International from $243.00 to $244.00 and gave the stock a “buy” rating in a report on Tuesday, June 4th. UBS Group raised shares of Honeywell International from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $175.00 to $215.00 in a research report on Monday, June 10th. Royal Bank of Canada lowered their target price on Honeywell International from $218.00 to $214.00 and set a “sector perform” rating on the stock in a research note on Friday, July 26th. Finally, Daiwa America upgraded shares of Honeywell International to a “moderate buy” rating in a report on Wednesday, June 5th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Honeywell International currently has a consensus rating of “Hold” and a consensus target price of $223.13.

Honeywell International Stock Performance

NASDAQ:HON opened at $202.98 on Friday. Honeywell International Inc. has a twelve month low of $174.88 and a twelve month high of $220.79. The company has a quick ratio of 0.91, a current ratio of 1.21 and a debt-to-equity ratio of 1.19. The stock has a market cap of $132.18 billion, a P/E ratio of 23.52, a PEG ratio of 2.37 and a beta of 1.04. The business’s 50-day moving average price is $206.72 and its two-hundred day moving average price is $203.13.

Honeywell International (NASDAQ:HON) last released its quarterly earnings results on Thursday, July 25th. The conglomerate reported $2.49 EPS for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $9.41 billion. During the same quarter in the previous year, the company earned $2.23 EPS. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. As a group, equities analysts predict that Honeywell International Inc. will post 10.12 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 6th. Stockholders of record on Friday, August 16th will be issued a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date is Friday, August 16th. Honeywell International’s payout ratio is currently 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.