Honeywell International Inc. (NASDAQ:HON) Position Decreased by Profund Advisors LLC

Profund Advisors LLC reduced its holdings in Honeywell International Inc. (NASDAQ:HONGet Rating) by 25.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,976 shares of the conglomerate’s stock after selling 18,235 shares during the quarter. Profund Advisors LLC’s holdings in Honeywell International were worth $10,503,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in HON. Evolution Advisers Inc. acquired a new stake in Honeywell International during the 4th quarter worth about $26,000. TFO TDC LLC purchased a new position in shares of Honeywell International in the first quarter worth approximately $30,000. Rather & Kittrell Inc. acquired a new stake in shares of Honeywell International during the fourth quarter valued at approximately $32,000. Landmark Wealth Management LLC purchased a new stake in shares of Honeywell International in the 1st quarter valued at approximately $32,000. Finally, Rational Advisors LLC boosted its stake in Honeywell International by 69.4% in the 1st quarter. Rational Advisors LLC now owns 183 shares of the conglomerate’s stock worth $36,000 after purchasing an additional 75 shares during the period. 74.27% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Honeywell International news, CFO Gregory P. Lewis sold 5,011 shares of the company’s stock in a transaction dated Thursday, July 28th. The shares were sold at an average price of $190.00, for a total transaction of $952,090.00. Following the completion of the sale, the chief financial officer now directly owns 43,625 shares in the company, valued at $8,288,750. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.45% of the company’s stock.

Honeywell International Stock Down 0.7 %

NASDAQ HON traded down $1.39 during trading on Wednesday, hitting $202.28. 51,374 shares of the company traded hands, compared to its average volume of 2,415,801. Honeywell International Inc. has a 12 month low of $167.35 and a 12 month high of $233.70. The business has a fifty day simple moving average of $184.34 and a 200 day simple moving average of $189.90. The company has a market capitalization of $136.27 billion, a P/E ratio of 27.79, a PEG ratio of 2.44 and a beta of 1.07. The company has a current ratio of 1.20, a quick ratio of 0.92 and a debt-to-equity ratio of 0.69.

Honeywell International (NASDAQ:HONGet Rating) last issued its quarterly earnings data on Thursday, July 28th. The conglomerate reported $2.10 EPS for the quarter, beating analysts’ consensus estimates of $2.03 by $0.07. Honeywell International had a return on equity of 30.17% and a net margin of 14.74%. The business had revenue of $8.95 billion for the quarter, compared to analyst estimates of $8.67 billion. During the same quarter in the prior year, the firm posted $2.02 EPS. The firm’s revenue for the quarter was up 1.6% on a year-over-year basis. As a group, sell-side analysts predict that Honeywell International Inc. will post 8.67 EPS for the current year.

Honeywell International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 2nd. Investors of record on Friday, August 12th will be paid a $0.98 dividend. The ex-dividend date of this dividend is Thursday, August 11th. This represents a $3.92 dividend on an annualized basis and a yield of 1.94%. Honeywell International’s payout ratio is presently 53.48%.

Analyst Ratings Changes

A number of research firms have recently issued reports on HON. Credit Suisse Group set a $195.00 target price on Honeywell International in a report on Tuesday, July 19th. Bank of America upgraded shares of Honeywell International from a “neutral” rating to a “buy” rating and set a $210.00 price objective on the stock in a research note on Monday, July 11th. Morgan Stanley decreased their target price on shares of Honeywell International from $194.00 to $192.00 and set an “equal weight” rating for the company in a research note on Friday, July 29th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Honeywell International from $230.00 to $211.00 and set a “buy” rating on the stock in a research note on Wednesday, July 13th. Finally, TheStreet raised Honeywell International from a “c+” rating to a “b-” rating in a research report on Thursday, August 11th. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $210.08.

Honeywell International Company Profile

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Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its 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; thermal systems, as well as wireless connectivity and management services.

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Institutional Ownership by Quarter for Honeywell International (NASDAQ:HON)

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