ACG Wealth Sells 555 Shares of Honeywell International Inc. (NASDAQ:HON)

ACG Wealth decreased its holdings in shares of Honeywell International Inc. (NASDAQ:HONGet Rating) by 9.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,538 shares of the conglomerate’s stock after selling 555 shares during the period. ACG Wealth’s holdings in Honeywell International were worth $963,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Oliver Lagore Vanvalin Investment Group bought a new position in shares of Honeywell International in the 1st quarter worth approximately $25,000. TFO TDC LLC bought a new position in shares of Honeywell International in the 1st quarter worth approximately $30,000. Rather & Kittrell Inc. bought a new position in shares of Honeywell International in the 4th quarter worth approximately $32,000. Landmark Wealth Management LLC bought a new position in shares of Honeywell International in the 1st quarter worth approximately $32,000. Finally, Rational Advisors LLC raised its position in shares of Honeywell International by 69.4% in the 1st quarter. Rational Advisors LLC now owns 183 shares of the conglomerate’s stock worth $36,000 after acquiring an additional 75 shares in the last quarter. Institutional investors own 74.74% of the company’s stock.

Insider Transactions at Honeywell International

In other news, CFO Gregory P. Lewis sold 5,011 shares of the firm’s stock in a transaction on Thursday, July 28th. The stock was sold at an average price of $190.00, for a total value of $952,090.00. Following the transaction, the chief financial officer now directly owns 43,625 shares in the company, valued at approximately $8,288,750. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.45% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Bank of America raised Honeywell International from a “neutral” rating to a “buy” rating and set a $210.00 target price for the company in a research report on Monday, July 11th. TheStreet upgraded Honeywell International from a “c+” rating to a “b-” rating in a research note on Thursday, August 11th. Wells Fargo & Company upped their price target on Honeywell International from $180.00 to $183.00 and gave the stock an “equal weight” rating in a research note on Monday, August 1st. Deutsche Bank Aktiengesellschaft cut their price target on Honeywell International from $230.00 to $211.00 and set a “buy” rating on the stock in a research note on Wednesday, July 13th. Finally, Morgan Stanley cut their price target on Honeywell International from $194.00 to $192.00 and set an “equal weight” rating on the stock in a research note on Friday, July 29th. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $210.08.

Honeywell International Stock Performance

Shares of HON opened at $174.30 on Thursday. The company has a market cap of $117.42 billion, a price-to-earnings ratio of 23.78, a P/E/G ratio of 2.15 and a beta of 1.06. Honeywell International Inc. has a 12 month low of $167.35 and a 12 month high of $228.26. The company has a current ratio of 1.20, a quick ratio of 0.92 and a debt-to-equity ratio of 0.69. The business’s fifty day simple moving average is $191.66 and its two-hundred day simple moving average is $188.81.

Honeywell International (NASDAQ:HONGet Rating) last released its quarterly earnings results on Thursday, July 28th. The conglomerate reported $2.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.03 by $0.07. The firm had revenue of $8.95 billion for the quarter, compared to the consensus estimate of $8.67 billion. Honeywell International had a return on equity of 30.17% and a net margin of 14.74%. The company’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same period last year, the business posted $2.02 EPS. Research analysts anticipate that Honeywell International Inc. will post 8.68 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 2nd. Stockholders of record on Friday, August 12th were paid a $0.98 dividend. The ex-dividend date of this dividend was Thursday, August 11th. This represents a $3.92 dividend on an annualized basis and a dividend yield of 2.25%. Honeywell International’s dividend payout ratio (DPR) is currently 53.48%.

Honeywell International Company Profile

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Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its 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; thermal systems, as well as wireless connectivity and management services.

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Institutional Ownership by Quarter for Honeywell International (NASDAQ:HON)

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