Mount Vernon Associates Inc. MD Lowers Position in Honeywell International Inc. (NASDAQ:HON)

Mount Vernon Associates Inc. MD lessened its holdings in Honeywell International Inc. (NASDAQ:HON) by 3.4% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,209 shares of the conglomerate’s stock after selling 400 shares during the period. Honeywell International accounts for approximately 2.1% of Mount Vernon Associates Inc. MD’s portfolio, making the stock its 12th largest holding. Mount Vernon Associates Inc. MD’s holdings in Honeywell International were worth $2,394,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in HON. LGT Group Foundation purchased a new position in shares of Honeywell International during the first quarter valued at approximately $26,000. Scarborough Advisors LLC bought a new stake in shares of Honeywell International during the 4th quarter valued at $27,000. Altshuler Shaham Ltd bought a new stake in shares of Honeywell International during the 4th quarter valued at $27,000. Rakuten Securities Inc. bought a new stake in shares of Honeywell International during the 4th quarter valued at $31,000. Finally, Richardson Capital Management LLC bought a new stake in shares of Honeywell International during the 1st quarter valued at $35,000. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Citigroup upped their target price on shares of Honeywell International from $243.00 to $244.00 and gave the company a “buy” rating in a research report 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 reduced their price objective on shares of 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 upgraded shares of Honeywell International from a “sell” rating to a “neutral” rating and upped their target price for the stock from $175.00 to $215.00 in a research note on Monday, June 10th. Finally, Wells Fargo & Company dropped their target price on shares of Honeywell International from $220.00 to $215.00 and set an “equal weight” rating on the stock in a research note on Friday, July 26th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $225.00.

Honeywell International Trading Up 0.6 %

Shares of HON stock traded up $1.11 during trading hours on Friday, hitting $198.50. The company had a trading volume of 2,811,121 shares, compared to its average volume of 2,931,357. The company’s fifty day moving average is $209.04 and its 200 day moving average is $202.39. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.21 and a quick ratio of 0.91. Honeywell International Inc. has a fifty-two week low of $174.88 and a fifty-two week high of $220.79. The stock has a market capitalization of $129.26 billion, a PE ratio of 23.00, a price-to-earnings-growth ratio of 2.32 and a beta of 1.04.

Honeywell International (NASDAQ:HON) last released its earnings results 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. Honeywell International had a net margin of 15.49% and a return on equity of 36.87%. The company had revenue of $9.58 billion for the quarter, compared to analyst estimates of $9.41 billion. During the same period in the prior year, the business earned $2.23 EPS. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. Research analysts expect that Honeywell International Inc. will post 10.14 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The business 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. This represents a $4.32 annualized dividend and a dividend yield of 2.18%. The ex-dividend date of this dividend is Friday, August 16th. Honeywell International’s dividend payout ratio (DPR) is 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.