Harel Insurance Investments & Financial Services Ltd. Sells 257 Shares of Honeywell International Inc. (NASDAQ:HON)

Harel Insurance Investments & Financial Services Ltd. lessened its holdings in Honeywell International Inc. (NASDAQ:HON) by 16.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,299 shares of the conglomerate’s stock after selling 257 shares during the period. Harel Insurance Investments & Financial Services Ltd.’s holdings in Honeywell International were worth $278,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in HON. LGT Group Foundation acquired a new stake in Honeywell International during the 1st quarter worth approximately $26,000. Altshuler Shaham Ltd acquired a new stake in shares of Honeywell International in the fourth quarter valued at about $27,000. Scarborough Advisors LLC acquired a new position in shares of Honeywell International in the fourth quarter worth approximately $27,000. Richardson Capital Management LLC acquired a new stake in Honeywell International during the 1st quarter valued at approximately $35,000. Finally, Pathway Financial Advisers LLC bought a new position in Honeywell International during the 1st quarter worth approximately $39,000. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Price Performance

Shares of HON traded down $0.19 during midday trading on Tuesday, reaching $198.85. The stock had a trading volume of 529,620 shares, compared to its average volume of 2,910,805. The company has a market capitalization of $129.49 billion, a price-to-earnings ratio of 23.06, a price-to-earnings-growth ratio of 2.32 and a beta of 1.04. The company has a current ratio of 1.21, a quick ratio of 0.91 and a debt-to-equity ratio of 1.19. Honeywell International Inc. has a 12-month low of $174.88 and a 12-month high of $220.79. The company’s 50-day moving average is $208.81 and its 200 day moving average is $202.40.

Honeywell International (NASDAQ:HON) last issued its earnings results on Thursday, July 25th. The conglomerate reported $2.49 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $9.41 billion. During the same period in the previous year, the firm earned $2.23 earnings per share. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. On average, equities analysts predict that Honeywell International Inc. will post 10.14 EPS 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 of this dividend is Friday, August 16th. This represents a $4.32 dividend on an annualized basis and a yield of 2.17%. Honeywell International’s dividend payout ratio (DPR) is currently 50.06%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Citigroup increased their price target on Honeywell International from $243.00 to $244.00 and gave the stock a “buy” rating in a report on Tuesday, June 4th. UBS Group upgraded Honeywell International from a “sell” rating to a “neutral” rating and lifted their price target for the company from $175.00 to $215.00 in a research note on Monday, June 10th. Royal Bank of Canada lowered their price objective 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. Wells Fargo & Company cut 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. Finally, Daiwa America raised Honeywell International to a “moderate buy” rating in a research report on Wednesday, June 5th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Honeywell International presently has a consensus rating of “Moderate Buy” and an average target price 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.