Honeywell International Inc. (NASDAQ:HON) Shares Sold by Mascoma Wealth Management LLC

Mascoma Wealth Management LLC decreased its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 65.4% during the second quarter, HoldingsChannel reports. The firm owned 220 shares of the conglomerate’s stock after selling 415 shares during the quarter. Mascoma Wealth Management LLC’s holdings in Honeywell International were worth $47,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in HON. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its holdings in shares of Honeywell International by 30.2% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 5,038 shares of the conglomerate’s stock worth $1,057,000 after purchasing an additional 1,169 shares during the period. Gryphon Financial Partners LLC lifted its stake in Honeywell International by 211.0% during the 4th quarter. Gryphon Financial Partners LLC now owns 5,384 shares of the conglomerate’s stock valued at $1,130,000 after acquiring an additional 3,653 shares during the period. Wealthspire Advisors LLC boosted its holdings in shares of Honeywell International by 3.9% in the 4th quarter. Wealthspire Advisors LLC now owns 5,977 shares of the conglomerate’s stock valued at $1,253,000 after acquiring an additional 226 shares during the last quarter. Altshuler Shaham Ltd acquired a new stake in shares of Honeywell International in the fourth quarter worth $27,000. Finally, US Asset Management LLC purchased a new position in shares of Honeywell International during the fourth quarter worth $988,000. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Trading Up 0.3 %

Shares of NASDAQ:HON opened at $205.54 on Thursday. 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’s 50 day moving average price is $206.95 and its 200-day moving average price is $203.13. The firm has a market capitalization of $133.84 billion, a price-to-earnings ratio of 23.82, a price-to-earnings-growth ratio of 2.37 and a beta of 1.04. Honeywell International Inc. has a 1 year low of $174.88 and a 1 year high of $220.79.

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

Honeywell International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Friday, August 16th will be given a dividend of $1.08 per share. The ex-dividend date is Friday, August 16th. This represents a $4.32 dividend on an annualized basis and a yield of 2.10%. Honeywell International’s payout ratio is presently 50.06%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. StockNews.com downgraded Honeywell International from a “buy” rating to a “hold” rating in a research report on Friday, August 30th. Citigroup lifted their price target on Honeywell International from $243.00 to $244.00 and gave the company a “buy” rating in a research report on Tuesday, June 4th. Royal Bank of Canada lowered their price objective 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. UBS Group raised shares of Honeywell International from a “sell” rating to a “neutral” rating and lifted their target price for the company from $175.00 to $215.00 in a report on Monday, June 10th. Finally, Wells Fargo & Company lowered 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 investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $225.00.

Honeywell International 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.