Columbia Asset Management Lowers Stake in Honeywell International Inc. (NASDAQ:HON)

Columbia Asset Management trimmed its holdings in Honeywell International Inc. (NASDAQ:HON) by 2.2% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 15,056 shares of the conglomerate’s stock after selling 334 shares during the period. Columbia Asset Management’s holdings in Honeywell International were worth $3,215,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the business. LGT Group Foundation purchased a new stake in Honeywell International during the 1st quarter valued at approximately $26,000. Scarborough Advisors LLC purchased a new stake in shares of Honeywell International during the fourth quarter worth approximately $27,000. Richardson Capital Management LLC acquired a new stake in shares of Honeywell International during the first quarter worth $35,000. Financial Connections Group Inc. purchased a new position in Honeywell International in the 2nd quarter valued at $38,000. Finally, Pathway Financial Advisers LLC acquired a new position in Honeywell International in the 1st quarter valued at $39,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on HON. Morgan Stanley started coverage on shares of Honeywell International in a report on Friday. They set an “equal weight” rating and a $210.00 price target for the company. Royal Bank of Canada cut their target price on Honeywell International from $218.00 to $214.00 and set a “sector perform” rating for the company in a research note on Friday, July 26th. Citigroup lifted their price target on Honeywell International from $243.00 to $244.00 and gave the company a “buy” rating in a research note on Tuesday, June 4th. Wells Fargo & Company cut their price objective on Honeywell International from $220.00 to $215.00 and set an “equal weight” rating for the company in a research report on Friday, July 26th. Finally, Daiwa America upgraded shares of Honeywell International to a “moderate buy” rating in a research report on Wednesday, June 5th. Six research 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 currently has an average rating of “Hold” and an average price target of $223.13.

Honeywell International Trading Down 1.2 %

NASDAQ:HON opened at $202.98 on Friday. Honeywell International Inc. has a 52-week low of $174.88 and a 52-week high of $220.79. The company has a quick ratio of 0.91, a current ratio of 1.21 and a debt-to-equity ratio of 1.19. The stock has a fifty day simple moving average of $206.72 and a 200-day simple moving average of $203.13. The company has a market capitalization of $132.18 billion, a PE ratio of 23.52, a price-to-earnings-growth ratio of 2.37 and a beta of 1.04.

Honeywell International (NASDAQ:HON) last announced 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. The company had revenue of $9.58 billion during the quarter, compared to analysts’ expectations 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 in the previous year, the business posted $2.23 earnings per share. On average, equities research analysts expect that Honeywell International Inc. will post 10.12 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Friday, August 16th will be given a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a yield of 2.13%. The ex-dividend date is Friday, August 16th. Honeywell International’s payout ratio 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.