Honeywell International Inc. (NASDAQ:HON) Shares Sold by Vanguard Personalized Indexing Management LLC

by · The Markets Daily

Vanguard Personalized Indexing Management LLC lowered its stake in shares of Honeywell International Inc. (NASDAQ:HON – Free Report) by 1.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 62,902 shares of the conglomerate’s stock after selling 621 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Honeywell International were worth $13,290,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Connectus Wealth LLC lifted its stake in shares of Honeywell International by 2.2% in the 4th quarter. Connectus Wealth LLC now owns 224,661 shares of the conglomerate’s stock valued at $47,128,000 after purchasing an additional 4,789 shares during the last quarter. Sanibel Captiva Trust Company Inc. acquired a new position in Honeywell International during the 4th quarter worth about $27,230,000. Trilogy Capital Inc. lifted its stake in Honeywell International by 125.7% during the 1st quarter. Trilogy Capital Inc. now owns 2,422 shares of the conglomerate’s stock worth $497,000 after acquiring an additional 1,349 shares in the last quarter. Jupiter Asset Management Ltd. purchased a new stake in Honeywell International during the 1st quarter worth about $1,398,000. Finally, Lloyd Advisory Services LLC. purchased a new stake in Honeywell International during the 1st quarter worth about $1,110,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Stock Down 0.2 %

Honeywell International stock opened at $204.24 on Wednesday. Honeywell International Inc. has a twelve month low of $174.88 and a twelve month high of $220.79. The stock has a 50 day moving average of $205.22 and a two-hundred day moving average of $203.40. 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 stock has a market capitalization of $133.00 billion, a price-to-earnings ratio of 23.67, a PEG ratio of 2.32 and a beta of 1.03.

Honeywell International (NASDAQ:HON – Get Free Report) last posted its quarterly earnings data on Thursday, July 25th. The conglomerate reported $2.49 earnings per share for the quarter, topping analysts’ consensus estimates of $2.42 by $0.07. Honeywell International had a return on equity of 36.87% and a net margin of 15.49%. The company had revenue of $9.58 billion during the quarter, compared to analysts’ expectations of $9.41 billion. During the same period last year, the firm earned $2.23 EPS. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. As a group, research analysts expect that Honeywell International Inc. will post 10.11 earnings per share for the current year.

Honeywell International Announces Dividend

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

Analyst Ratings Changes

Several brokerages have weighed in on HON. UBS Group upgraded Honeywell International from a “sell” rating to a “neutral” rating and upped their price target for the stock from $175.00 to $215.00 in a report on Monday, June 10th. Citigroup increased their price objective on Honeywell International from $243.00 to $244.00 and gave the company a “buy” rating in a report on Tuesday, June 4th. Daiwa America upgraded Honeywell International to a “moderate buy” rating in a report on Wednesday, June 5th. Wells Fargo & Company dropped their price objective on Honeywell International from $220.00 to $215.00 and set an “equal weight” rating on the stock in a report on Friday, July 26th. Finally, Morgan Stanley assumed coverage on Honeywell International in a report on Friday, September 6th. They issued an “equal weight” rating and a $210.00 price objective on the stock. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $223.13.

Read Our Latest Stock Analysis on Honeywell International

About Honeywell International

(Free Report)

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.

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