Brick & Kyle Associates Trims Stock Position in Honeywell International Inc. (NASDAQ:HON)

Brick & Kyle Associates decreased its position in Honeywell International Inc. (NASDAQ:HON) by 1.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,459 shares of the conglomerate’s stock after selling 315 shares during the period. Honeywell International accounts for approximately 2.3% of Brick & Kyle Associates’ investment portfolio, making the stock its 14th largest position. Brick & Kyle Associates’ holdings in Honeywell International were worth $5,650,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Price T Rowe Associates Inc. MD grew its position in Honeywell International by 32.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,840,959 shares of the conglomerate’s stock worth $1,644,328,000 after acquiring an additional 1,899,373 shares during the period. Capital Wealth Planning LLC purchased a new position in shares of Honeywell International during the 2nd quarter worth $392,478,000. Natixis increased its position in shares of Honeywell International by 184.8% during the 1st quarter. Natixis now owns 838,716 shares of the conglomerate’s stock worth $172,146,000 after purchasing an additional 544,175 shares during the last quarter. Capital Research Global Investors raised its holdings in Honeywell International by 20.4% in the 4th quarter. Capital Research Global Investors now owns 3,189,925 shares of the conglomerate’s stock valued at $668,959,000 after buying an additional 539,644 shares during the period. Finally, First Financial Bankshares Inc acquired a new position in Honeywell International in the fourth quarter valued at about $72,580,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Price Performance

Shares of NASDAQ HON opened at $207.63 on Friday. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.21 and a quick ratio of 0.91. The company has a market cap of $135.21 billion, a price-to-earnings ratio of 24.06, a price-to-earnings-growth ratio of 2.32 and a beta of 1.03. The stock’s 50-day moving average is $203.38 and its two-hundred day moving average is $203.62. Honeywell International Inc. has a 1-year low of $174.88 and a 1-year high of $220.79.

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 net margin of 15.49% and a return on equity of 36.87%. The firm had revenue of $9.58 billion for the quarter, compared to analyst estimates of $9.41 billion. During the same period in the prior year, the firm earned $2.23 earnings per share. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. Analysts forecast that Honeywell International Inc. will post 10.11 EPS for the current fiscal year.

Honeywell International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 16th were paid a dividend of $1.08 per share. 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 2.08%. Honeywell International’s payout ratio is currently 50.06%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Daiwa America raised shares of Honeywell International to a “moderate buy” rating in a research note on Wednesday, June 5th. Wells Fargo & Company cut their target price on 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. Citigroup raised their price target on Honeywell International from $243.00 to $244.00 and gave the stock a “buy” rating in a research report on Tuesday, June 4th. UBS Group upgraded Honeywell International from a “sell” rating to a “neutral” rating and boosted their price objective for the company from $175.00 to $215.00 in a report on Monday, June 10th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $214.00 target price on shares of Honeywell International in a report on Thursday. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, Honeywell International presently has a consensus rating of “Hold” and a consensus 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.