Xponance Inc. Cuts Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

Xponance Inc. cut its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 0.6% during the second quarter, HoldingsChannel.com reports. The fund owned 93,890 shares of the conglomerate’s stock after selling 532 shares during the period. Xponance Inc.’s holdings in Honeywell International were worth $20,049,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in HON. Connectus Wealth LLC boosted its stake in Honeywell International by 2.2% during the fourth quarter. Connectus Wealth LLC now owns 224,661 shares of the conglomerate’s stock worth $47,128,000 after buying an additional 4,789 shares during the period. Sanibel Captiva Trust Company Inc. acquired a new position in Honeywell International in the fourth quarter valued at $27,230,000. Trilogy Capital Inc. lifted its position 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 during the period. Jupiter Asset Management Ltd. purchased a new position in Honeywell International in the 1st quarter valued at $1,398,000. Finally, Lloyd Advisory Services LLC. acquired a new position in shares of Honeywell International during the first quarter worth about $1,110,000. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Price Performance

Shares of NASDAQ:HON opened at $203.35 on Monday. Honeywell International Inc. has a 1 year low of $174.88 and a 1 year high of $220.79. The business has a fifty day simple moving average of $204.50 and a 200 day simple moving average of $203.48. 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 firm has a market cap of $132.42 billion, a price-to-earnings ratio of 23.56, a P/E/G ratio of 2.32 and a beta of 1.03.

Honeywell International (NASDAQ:HON) last released 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. 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 for the quarter, compared to the consensus estimate of $9.41 billion. During the same period last year, the business earned $2.23 earnings per share. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. As a group, sell-side analysts predict 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 issued a $1.08 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.12%. Honeywell International’s dividend payout ratio is 50.06%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on HON shares. Citigroup lifted their price target on shares of Honeywell International from $243.00 to $244.00 and gave the company a “buy” rating in a research report on Tuesday, June 4th. Wells Fargo & Company decreased 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 report 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 report on Wednesday, June 5th. Finally, UBS Group raised shares of Honeywell International from a “sell” rating to a “neutral” rating and lifted their price target for the stock from $175.00 to $215.00 in a research note on Monday, June 10th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Honeywell International presently has an average rating of “Hold” and an average price target 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.