Cetera Investment Advisers cut its position in Honeywell International Inc. (NASDAQ:HON – Free Report) by 6.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 219,532 shares of the conglomerate’s stock after selling 15,870 shares during the quarter. Cetera Investment Advisers’ holdings in Honeywell International were worth $46,879,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. LGT Group Foundation bought a new position in shares of Honeywell International during the first quarter worth about $26,000. Scarborough Advisors LLC acquired a new position in shares of Honeywell International in the 4th quarter worth approximately $27,000. Richardson Capital Management LLC bought a new stake in shares of Honeywell International in the 1st quarter valued at $35,000. Financial Connections Group Inc. acquired a new stake in shares of Honeywell International during the second quarter worth $38,000. Finally, Pathway Financial Advisers LLC bought a new position in Honeywell International during the first quarter worth $39,000. 75.91% of the stock is currently owned by institutional investors.
Honeywell International Stock Performance
Shares of HON stock opened at $206.07 on Wednesday. Honeywell International Inc. has a 12 month low of $174.88 and a 12 month high of $220.79. The firm has a market capitalization of $134.19 billion, a PE ratio of 23.88, a price-to-earnings-growth ratio of 2.32 and a beta of 1.03. The firm has a fifty day simple moving average of $202.94 and a two-hundred day simple moving average of $203.81. The company has a current ratio of 1.21, a quick ratio of 0.91 and a debt-to-equity ratio of 1.19.
Honeywell International (NASDAQ:HON – Get Free Report) last posted its earnings results 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. 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 firm’s revenue was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.23 EPS. Analysts forecast that Honeywell International Inc. will post 10.11 EPS for the current fiscal year.
Honeywell International Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be issued a dividend of $1.13 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.52 annualized dividend and a yield of 2.19%. This is an increase from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s dividend payout ratio is 52.38%.
Analyst Ratings Changes
A number of brokerages have commented on HON. StockNews.com cut shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Friday, August 30th. UBS Group raised Honeywell International from a “sell” rating to a “neutral” rating and raised their target price for the stock from $175.00 to $215.00 in a research note on Monday, June 10th. Royal Bank of Canada restated a “sector perform” rating and set a $214.00 price target on shares of Honeywell International in a report on Thursday, September 26th. Daiwa America upgraded shares of Honeywell International to a “moderate buy” rating in a research note on Wednesday, June 5th. Finally, Wells Fargo & Company cut their target price on shares of Honeywell International from $220.00 to $215.00 and set an “equal weight” rating on the stock in a research note on Friday, July 26th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Honeywell International has an average rating of “Hold” and an average price target of $223.13.
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.