Crossmark Global Holdings Inc. Lowers Stock Position in Honeywell International Inc. (NASDAQ:HON)

Crossmark Global Holdings Inc. lowered its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 2.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 35,984 shares of the conglomerate’s stock after selling 900 shares during the period. Crossmark Global Holdings Inc.’s holdings in Honeywell International were worth $7,684,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Dechtman Wealth Management LLC purchased a new position in Honeywell International in the second quarter worth $203,000. Braun Stacey Associates Inc. lifted its stake in shares of Honeywell International by 50.9% in the second quarter. Braun Stacey Associates Inc. now owns 11,736 shares of the conglomerate’s stock valued at $2,506,000 after purchasing an additional 3,961 shares during the period. Smith Salley Wealth Management boosted its holdings in Honeywell International by 4.5% during the second quarter. Smith Salley Wealth Management now owns 65,878 shares of the conglomerate’s stock worth $14,068,000 after buying an additional 2,810 shares in the last quarter. Scott & Selber Inc. grew its position in Honeywell International by 1.4% during the second quarter. Scott & Selber Inc. now owns 21,409 shares of the conglomerate’s stock worth $4,572,000 after buying an additional 294 shares during the period. Finally, F M Investments LLC purchased a new position in Honeywell International in the second quarter valued at about $15,070,000. 75.91% of the stock is owned by hedge funds and other institutional investors.

Honeywell International Trading Up 0.2 %

NASDAQ:HON traded up $0.40 during mid-day trading on Friday, reaching $207.91. The company’s stock had a trading volume of 1,923,393 shares, compared to its average volume of 2,891,480. Honeywell International Inc. has a twelve month low of $174.88 and a twelve month high of $220.79. The company’s fifty day simple moving average is $207.60 and its two-hundred day simple moving average is $202.80. 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 stock has a market cap of $135.39 billion, a P/E ratio of 24.09, a P/E/G ratio of 2.32 and a beta of 1.04.

Honeywell International (NASDAQ:HON) last posted its quarterly 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. The company had revenue of $9.58 billion for the quarter, compared to the consensus estimate of $9.41 billion. Honeywell International had a net margin of 15.49% and a return on equity of 36.87%. Honeywell International’s revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the firm posted $2.23 earnings per share. On average, equities analysts predict that Honeywell International Inc. will post 10.14 EPS for the current year.

Honeywell International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Stockholders of record on Friday, August 16th will be issued a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date of this dividend is Friday, August 16th. Honeywell International’s payout ratio is currently 50.06%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on HON. UBS Group raised Honeywell International from a “sell” rating to a “neutral” rating and raised their price objective for the company from $175.00 to $215.00 in a research note on Monday, June 10th. Royal Bank of Canada dropped their price target on Honeywell International from $218.00 to $214.00 and set a “sector perform” rating for the company in a research report on Friday, July 26th. Citigroup boosted their price objective on shares of Honeywell International from $243.00 to $244.00 and gave the stock a “buy” rating in a research report on Tuesday, June 4th. StockNews.com downgraded shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Friday. Finally, Wells Fargo & Company reduced their price target on shares of Honeywell International from $220.00 to $215.00 and set an “equal weight” rating on the stock in a report on Friday, July 26th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $225.00.

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.