Honeywell International Inc. (NASDAQ:HON) Shares Sold by Benedict Financial Advisors Inc.

Benedict Financial Advisors Inc. trimmed its stake in Honeywell International Inc. (NASDAQ:HON) by 0.9% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 25,943 shares of the conglomerate’s stock after selling 241 shares during the quarter. Honeywell International makes up 1.4% of Benedict Financial Advisors Inc.’s portfolio, making the stock its 22nd biggest holding. Benedict Financial Advisors Inc.’s holdings in Honeywell International were worth $5,540,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Torray Investment Partners LLC lifted its holdings in shares of Honeywell International by 0.3% during the 4th quarter. Torray Investment Partners LLC now owns 58,708 shares of the conglomerate’s stock worth $12,312,000 after acquiring an additional 190 shares during the period. Connectus Wealth LLC lifted its holdings in shares of Honeywell International by 2.2% during the 4th quarter. Connectus Wealth LLC now owns 224,661 shares of the conglomerate’s stock valued at $47,128,000 after acquiring an additional 4,789 shares in the last quarter. Main Street Financial Solutions LLC raised its position in Honeywell International by 2.6% in the fourth quarter. Main Street Financial Solutions LLC now owns 4,561 shares of the conglomerate’s stock valued at $956,000 after purchasing an additional 114 shares during the period. Cary Street Partners Investment Advisory LLC lifted its stake in shares of Honeywell International by 17.7% during the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 12,141 shares of the conglomerate’s stock worth $2,546,000 after purchasing an additional 1,823 shares in the last quarter. Finally, Sanibel Captiva Trust Company Inc. acquired a new stake in shares of Honeywell International in the fourth quarter valued at about $27,230,000. 75.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on HON. Citigroup lifted their price objective on shares of Honeywell International from $243.00 to $244.00 and gave the company a “buy” rating in a research note on Tuesday, June 4th. Daiwa America raised shares of Honeywell International to a “moderate buy” rating in a research report on Wednesday, June 5th. Royal Bank of Canada dropped their target price on Honeywell International from $218.00 to $214.00 and set a “sector perform” rating on the stock in a research report on Friday, July 26th. StockNews.com cut Honeywell International from a “buy” rating to a “hold” rating in a research note on Friday. Finally, UBS Group upgraded Honeywell International from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $175.00 to $215.00 in a report on Monday, June 10th. 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, the stock has a consensus rating of “Hold” and a consensus target price of $225.00.

Honeywell International Stock Performance

HON traded up $0.40 on Friday, hitting $207.91. 1,923,464 shares of the company’s stock were exchanged, compared to its average volume of 2,891,480. The firm has a market cap of $135.39 billion, a PE ratio of 24.09, a P/E/G ratio of 2.32 and a beta of 1.04. The stock has a fifty day moving average of $207.45 and a two-hundred day moving average of $202.87. Honeywell International Inc. has a twelve month low of $174.88 and a twelve month high of $220.79. The company has a current ratio of 1.21, a quick ratio of 0.91 and a debt-to-equity ratio of 1.19.

Honeywell International (NASDAQ:HON) last released 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. 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 during the quarter, compared to analyst estimates of $9.41 billion. During the same quarter in the previous year, the firm posted $2.23 EPS. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. On average, research analysts anticipate that Honeywell International Inc. will post 10.14 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Friday, August 16th will be given a $1.08 dividend. The ex-dividend date of this dividend is Friday, August 16th. This represents a $4.32 annualized dividend and a yield of 2.08%. Honeywell International’s dividend payout ratio is presently 50.06%.

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.