Federated Hermes Inc. Sells 302 Shares of Honeywell International Inc. (NASDAQ:HON)

Federated Hermes Inc. lowered its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 5.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,855 shares of the conglomerate’s stock after selling 302 shares during the period. Federated Hermes Inc.’s holdings in Honeywell International were worth $1,037,000 at the end of the most recent reporting period.

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

Honeywell International Stock Down 0.2 %

HON opened at $203.35 on Friday. The firm’s 50 day simple moving average is $204.50 and its two-hundred day simple moving average is $203.46. The company has a market capitalization of $132.42 billion, a PE ratio of 23.56, a PEG ratio of 2.32 and a beta of 1.03. Honeywell International Inc. has a 1-year low of $174.88 and a 1-year high of $220.79. 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) last released 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 return on equity of 36.87% and a net margin of 15.49%. The business had revenue of $9.58 billion during the quarter, compared to analyst estimates of $9.41 billion. During the same quarter in the previous year, the company posted $2.23 earnings per share. Honeywell International’s revenue for the quarter was up 4.7% on a year-over-year basis. As a group, equities analysts forecast that Honeywell International Inc. will post 10.11 EPS for the current year.

Honeywell International Announces Dividend

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

Analyst Upgrades and Downgrades

HON has been the subject of a number of research analyst reports. UBS Group raised Honeywell International from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $175.00 to $215.00 in a report on Monday, June 10th. Citigroup boosted their target price on Honeywell International from $243.00 to $244.00 and gave the stock a “buy” rating in a research report on Tuesday, June 4th. Royal Bank of Canada reduced their price target 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. Daiwa America upgraded shares of Honeywell International to a “moderate buy” rating in a research report on Wednesday, June 5th. Finally, StockNews.com downgraded shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Friday, August 30th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average 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.