Nemes Rush Group LLC Sells 160 Shares of Honeywell International Inc. (NASDAQ:HON)

Nemes Rush Group LLC lowered its stake in Honeywell International Inc. (NASDAQ:HON) by 6.8% in the second quarter, Holdings Channel reports. The fund owned 2,190 shares of the conglomerate’s stock after selling 160 shares during the quarter. Nemes Rush Group LLC’s holdings in Honeywell International were worth $468,000 at the end of the most recent reporting period.

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

Honeywell International Price Performance

Shares of HON opened at $207.63 on Friday. The business’s fifty day moving average is $203.38 and its 200 day moving average is $203.65. Honeywell International Inc. has a 12-month low of $174.88 and a 12-month high of $220.79. The company has a quick ratio of 0.91, a current ratio of 1.21 and a debt-to-equity ratio of 1.19. The stock has a market cap of $135.21 billion, a P/E ratio of 24.06, a P/E/G ratio of 2.32 and a beta of 1.03.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings data on Thursday, July 25th. The conglomerate reported $2.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.42 by $0.07. The firm had revenue of $9.58 billion during the quarter, compared to analysts’ expectations of $9.41 billion. Honeywell International had a net margin of 15.49% and a return on equity of 36.87%. The business’s revenue was up 4.7% on a year-over-year basis. During the same period last year, the company earned $2.23 earnings per share. Sell-side analysts anticipate that Honeywell International Inc. will post 10.11 earnings per share for the current fiscal year.

Honeywell International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be issued a dividend of $1.13 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.52 annualized dividend and a yield of 2.18%. This is an increase from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s dividend payout ratio is 50.06%.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Morgan Stanley initiated coverage on shares of Honeywell International in a research report on Friday, September 6th. They set an “equal weight” rating and a $210.00 price target on the stock. Wells Fargo & Company lowered their target price on Honeywell International from $220.00 to $215.00 and set an “equal weight” rating for the company in a report on Friday, July 26th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $214.00 price objective on shares of Honeywell International in a research report on Thursday. Daiwa America upgraded shares of Honeywell International to a “moderate buy” rating in a research note on Wednesday, June 5th. Finally, UBS Group raised shares of Honeywell International from a “sell” rating to a “neutral” rating and increased their target price 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 given a buy rating to the company. According to data from MarketBeat, Honeywell International presently has a consensus rating of “Hold” and an average target price 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.