Honeywell International Inc. (NASDAQ:HON) Shares Sold by STF Management LP

STF Management LP trimmed its position in Honeywell International Inc. (NASDAQ:HON) by 4.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,364 shares of the conglomerate’s stock after selling 501 shares during the quarter. Honeywell International comprises 0.9% of STF Management LP’s holdings, making the stock its 28th largest position. STF Management LP’s holdings in Honeywell International were worth $2,213,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of HON. LGT Group Foundation acquired a new stake in Honeywell International during the 1st quarter worth about $26,000. Scarborough Advisors LLC purchased a new position in shares of Honeywell International during the 4th quarter valued at approximately $27,000. Richardson Capital Management LLC acquired a new position in shares of Honeywell International in the 1st quarter valued at $35,000. Financial Connections Group Inc. acquired a new stake in Honeywell International during the second quarter valued at $38,000. Finally, Pathway Financial Advisers LLC purchased a new position in Honeywell International in the first quarter valued at $39,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Stock Performance

Shares of HON opened at $204.15 on Monday. The company has a market capitalization of $132.94 billion, a price-to-earnings ratio of 23.66, a price-to-earnings-growth ratio of 2.32 and a beta of 1.03. Honeywell International Inc. has a 52-week low of $174.88 and a 52-week 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 50 day moving average price of $205.48 and a 200 day moving average price of $203.32.

Honeywell International (NASDAQ:HON) last posted its earnings results on Thursday, July 25th. The conglomerate reported $2.49 EPS for the quarter, beating 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 firm had revenue of $9.58 billion for the quarter, compared to the consensus estimate of $9.41 billion. During the same period last year, the firm posted $2.23 EPS. The company’s revenue was up 4.7% on a year-over-year basis. Research analysts predict that Honeywell International Inc. will post 10.11 EPS for the current fiscal year.

Honeywell International Dividend Announcement

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

Analysts Set New Price Targets

Several equities analysts have recently weighed in on HON shares. Daiwa America upgraded Honeywell International to a “moderate buy” rating in a research report on Wednesday, June 5th. StockNews.com lowered Honeywell International from a “buy” rating to a “hold” rating in a research note on Friday, August 30th. UBS Group upgraded shares of Honeywell International from a “sell” rating to a “neutral” rating and lifted their target price for the company from $175.00 to $215.00 in a report on Monday, June 10th. Citigroup increased their target price on Honeywell International from $243.00 to $244.00 and gave the stock a “buy” rating in a research note on Tuesday, June 4th. Finally, Morgan Stanley began coverage on Honeywell International in a research report on Friday, September 6th. They issued an “equal weight” rating and a $210.00 target price for the company. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $223.13.

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.