Spire Wealth Management Has $1.14 Million Position in Honeywell International Inc. (NASDAQ:HON)

Spire Wealth Management cut its stake in Honeywell International Inc. (NASDAQ:HON) by 9.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,332 shares of the conglomerate’s stock after selling 584 shares during the period. Spire Wealth Management’s holdings in Honeywell International were worth $1,139,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. GUNN & Co INVESTMENT MANAGEMENT INC. bought a new position in shares of Honeywell International in the fourth quarter worth about $325,000. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of Honeywell International by 6.0% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 22,103 shares of the conglomerate’s stock valued at $4,636,000 after acquiring an additional 1,255 shares in the last quarter. Axxcess Wealth Management LLC grew its position in Honeywell International by 74.7% during the 4th quarter. Axxcess Wealth Management LLC now owns 29,474 shares of the conglomerate’s stock worth $6,181,000 after acquiring an additional 12,604 shares during the last quarter. Sapient Capital LLC acquired a new position in Honeywell International in the 4th quarter worth about $1,232,000. Finally, Provence Wealth Management Group raised its holdings in Honeywell International by 24,300.0% in the 4th quarter. Provence Wealth Management Group now owns 1,220 shares of the conglomerate’s stock valued at $256,000 after buying an additional 1,215 shares during the last quarter. 75.91% of the stock is currently owned by institutional investors.

Honeywell International Stock Up 0.2 %

Shares of HON stock traded up $0.40 during trading hours on Friday, reaching $207.91. The company had a trading volume of 1,923,464 shares, compared to its average volume of 2,762,533. 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 business has a fifty day simple moving average of $207.45 and a 200-day simple moving average of $202.93. Honeywell International Inc. has a 12 month low of $174.88 and a 12 month high of $220.79. The company has a market cap of $135.07 billion, a price-to-earnings ratio of 24.09, a price-to-earnings-growth ratio of 2.37 and a beta of 1.04.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings data on Thursday, July 25th. The conglomerate reported $2.49 earnings per share for the quarter, topping the consensus estimate of $2.42 by $0.07. The business had revenue of $9.58 billion for the quarter, compared to analysts’ expectations of $9.41 billion. Honeywell International had a return on equity of 36.87% and a net margin of 15.49%. The business’s revenue was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.23 earnings per share. On average, research analysts expect that Honeywell International Inc. will post 10.12 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

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

Analyst Upgrades and Downgrades

HON has been the subject of several analyst reports. StockNews.com lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Friday. Wells Fargo & Company lowered their target price on shares of Honeywell International from $220.00 to $215.00 and set an “equal weight” rating for the company in a research note on Friday, July 26th. Daiwa America raised shares of Honeywell International to a “moderate buy” rating in a research report on Wednesday, June 5th. UBS Group raised 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 research report on Monday, June 10th. Finally, Citigroup boosted their price objective on Honeywell International from $243.00 to $244.00 and gave the company a “buy” rating in a research note on Tuesday, June 4th. Five investment 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 stock 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.