Public Employees Retirement Association of Colorado Sells 3,238 Shares of Honeywell International Inc. (NASDAQ:HON)

Public Employees Retirement Association of Colorado cut its position in Honeywell International Inc. (NASDAQ:HON) by 3.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 90,022 shares of the conglomerate’s stock after selling 3,238 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Honeywell International were worth $19,223,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. LGT Group Foundation acquired a new position in shares of Honeywell International during the first quarter worth $26,000. Scarborough Advisors LLC acquired a new position in Honeywell International during the 4th quarter worth about $27,000. Richardson Capital Management LLC bought a new stake in shares of Honeywell International in the 1st quarter valued at about $35,000. Financial Connections Group Inc. bought a new position in shares of Honeywell International during the second quarter worth about $38,000. Finally, Pathway Financial Advisers LLC acquired a new position in shares of Honeywell International in the first quarter worth approximately $39,000. 75.91% of the stock is owned by institutional investors and hedge funds.

Honeywell International Trading Down 0.2 %

Shares of Honeywell International stock opened at $203.35 on Friday. The stock has a market capitalization of $132.42 billion, a PE ratio of 23.56, 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 stock has a 50 day moving average price of $204.50 and a two-hundred day moving average price of $203.42. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.91 and a current ratio of 1.21.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings results on Thursday, July 25th. The conglomerate reported $2.49 earnings per share (EPS) for the quarter, beating the consensus estimate 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 the consensus estimate of $9.41 billion. During the same quarter last year, the firm posted $2.23 EPS. Honeywell International’s revenue was up 4.7% compared to the same quarter last year. As a group, equities analysts anticipate that Honeywell International Inc. will post 10.11 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

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

Wall Street Analyst Weigh In

A number of analysts have weighed in on HON shares. UBS Group upgraded shares of Honeywell International from a “sell” rating to a “neutral” rating and raised their price target for the stock from $175.00 to $215.00 in a report on Monday, June 10th. Royal Bank of Canada lowered their target price on shares of Honeywell International from $218.00 to $214.00 and set a “sector perform” rating for the company in a research note on Friday, July 26th. StockNews.com downgraded Honeywell International from a “buy” rating to a “hold” rating in a report on Friday, August 30th. Daiwa America raised Honeywell International to a “moderate buy” rating in a research note on Wednesday, June 5th. Finally, Wells Fargo & Company decreased their target price on Honeywell International from $220.00 to $215.00 and set an “equal weight” rating for the company in a research note on Friday, July 26th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $223.13.

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.