Gries Financial LLC Sells 220 Shares of Honeywell International Inc. (NASDAQ:HON)

Gries Financial LLC decreased its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 2.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,444 shares of the conglomerate’s stock after selling 220 shares during the period. Gries Financial LLC’s holdings in Honeywell International were worth $2,230,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in HON. Torray Investment Partners LLC boosted its position 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 purchasing an additional 190 shares in the last quarter. Connectus Wealth LLC grew its stake in Honeywell International by 2.2% in the fourth 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 during the period. Main Street Financial Solutions LLC increased its holdings in shares of Honeywell International by 2.6% during the fourth quarter. Main Street Financial Solutions LLC now owns 4,561 shares of the conglomerate’s stock valued at $956,000 after acquiring an additional 114 shares in the last quarter. Cary Street Partners Investment Advisory LLC raised its position 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 during the period. Finally, Sanibel Captiva Trust Company Inc. bought a new position in shares of Honeywell International in the 4th quarter worth $27,230,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Stock Performance

Shares of Honeywell International stock traded up $0.62 during mid-day trading on Wednesday, hitting $205.48. 576,924 shares of the stock were exchanged, compared to its average volume of 2,872,956. The company has a market capitalization of $133.81 billion, a P/E ratio of 23.74, a P/E/G ratio of 2.37 and a beta of 1.04. Honeywell International Inc. has a 12 month low of $174.88 and a 12 month high of $220.79. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.91 and a current ratio of 1.21. The company has a 50-day simple moving average of $207.10 and a 200 day simple moving average of $203.11.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings data on Thursday, July 25th. The conglomerate reported $2.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.42 by $0.07. The business had revenue of $9.58 billion during 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%. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the company posted $2.23 earnings per share. Sell-side analysts anticipate that Honeywell International Inc. will post 10.12 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 paid a $1.08 dividend. The ex-dividend date is Friday, August 16th. This represents a $4.32 annualized dividend and a yield of 2.10%. Honeywell International’s payout ratio is 50.06%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on HON. StockNews.com downgraded shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Friday, August 30th. Daiwa America upgraded shares of Honeywell International to a “moderate buy” rating in a report on Wednesday, June 5th. UBS Group raised shares of Honeywell International from a “sell” rating to a “neutral” rating and raised their price target for the company from $175.00 to $215.00 in a research report on Monday, June 10th. Royal Bank of Canada decreased their price objective on Honeywell International from $218.00 to $214.00 and set a “sector perform” rating for the company in a report on Friday, July 26th. Finally, Wells Fargo & Company dropped their target price on 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 investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $225.00.

Honeywell International Company Profile

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.