Diversified Trust Co Sells 707 Shares of Honeywell International Inc. (NASDAQ:HON)

Diversified Trust Co cut its stake in Honeywell International Inc. (NASDAQ:HON) by 5.0% during the second quarter, HoldingsChannel reports. The firm owned 13,548 shares of the conglomerate’s stock after selling 707 shares during the period. Diversified Trust Co’s holdings in Honeywell International were worth $2,893,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in HON. Price T Rowe Associates Inc. MD increased its stake in shares of Honeywell International by 22.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 9,587,718 shares of the conglomerate’s stock valued at $1,967,880,000 after buying an additional 1,746,759 shares during the period. Northern Trust Corp raised its position in shares of Honeywell International by 0.3% in the 4th quarter. Northern Trust Corp now owns 6,451,134 shares of the conglomerate’s stock valued at $1,352,867,000 after purchasing an additional 17,591 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Honeywell International by 1.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,621,544 shares of the conglomerate’s stock worth $759,474,000 after purchasing an additional 66,213 shares in the last quarter. Capital Research Global Investors increased its stake in Honeywell International by 6.7% during the 1st quarter. Capital Research Global Investors now owns 3,402,252 shares of the conglomerate’s stock valued at $698,312,000 after purchasing an additional 212,327 shares in the last quarter. Finally, Janus Henderson Group PLC raised its holdings in shares of Honeywell International by 8.1% in the first quarter. Janus Henderson Group PLC now owns 2,698,596 shares of the conglomerate’s stock worth $553,880,000 after buying an additional 202,358 shares during the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. 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 research report on Friday, July 26th. UBS Group raised shares of Honeywell International from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $175.00 to $215.00 in a research note on Monday, June 10th. StockNews.com lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a research note on Friday, August 9th. Daiwa America upgraded Honeywell International to a “moderate buy” rating in a research note on Wednesday, June 5th. Finally, Citigroup increased their price target on Honeywell International from $243.00 to $244.00 and gave the stock a “buy” rating in a research report on Tuesday, June 4th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Honeywell International presently has an average rating of “Hold” and an average target price of $225.00.

Honeywell International Trading Down 0.1 %

HON stock traded down $0.10 during trading on Wednesday, reaching $196.63. 300,661 shares of the stock were exchanged, compared to its average volume of 2,912,007. The company has a current ratio of 1.21, a quick ratio of 0.91 and a debt-to-equity ratio of 1.19. The firm has a market capitalization of $128.04 billion, a price-to-earnings ratio of 22.80, a P/E/G ratio of 2.32 and a beta of 1.04. The business has a 50 day moving average price of $209.68 and a 200-day moving average price of $202.51. Honeywell International Inc. has a 1 year low of $174.88 and a 1 year high of $220.79.

Honeywell International (NASDAQ:HON) last posted its earnings results on Thursday, July 25th. The conglomerate reported $2.49 EPS for the quarter, beating 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 return on equity of 36.87% and a net margin of 15.49%. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.23 earnings per share. On average, research analysts predict that Honeywell International Inc. will post 10.14 earnings per share for the current year.

Honeywell International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Friday, August 16th will be paid a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date is Friday, August 16th. Honeywell International’s dividend payout ratio (DPR) is 50.06%.

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.