Honeywell International Inc. (NASDAQ:HON) Shares Sold by Harfst & Associates Inc.

Harfst & Associates Inc. lessened its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 9.2% in the second quarter, HoldingsChannel reports. The firm owned 3,610 shares of the conglomerate’s stock after selling 366 shares during the quarter. Harfst & Associates Inc.’s holdings in Honeywell International were worth $771,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Cypress Wealth Services LLC boosted its position in shares of Honeywell International by 2.5% during the second quarter. Cypress Wealth Services LLC now owns 1,952 shares of the conglomerate’s stock worth $417,000 after buying an additional 47 shares during the period. Bard Financial Services Inc. grew its stake in shares of Honeywell International by 0.3% in the second quarter. Bard Financial Services Inc. now owns 17,594 shares of the conglomerate’s stock worth $3,757,000 after purchasing an additional 50 shares in the last quarter. Quent Capital LLC increased its holdings in shares of Honeywell International by 3.0% during the second quarter. Quent Capital LLC now owns 1,773 shares of the conglomerate’s stock valued at $379,000 after purchasing an additional 51 shares during the period. NTV Asset Management LLC increased its holdings in shares of Honeywell International by 1.5% during the fourth quarter. NTV Asset Management LLC now owns 3,722 shares of the conglomerate’s stock valued at $781,000 after purchasing an additional 55 shares during the period. Finally, Valley Brook Capital Group Inc. raised its stake in shares of Honeywell International by 1.0% during the fourth quarter. Valley Brook Capital Group Inc. now owns 5,685 shares of the conglomerate’s stock valued at $1,192,000 after purchasing an additional 55 shares in the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Trading Up 0.2 %

HON traded up $0.40 during trading on Monday, reaching $207.91. The company had a trading volume of 1,923,400 shares, compared to its average volume of 2,891,480. The firm’s 50-day simple moving average is $207.45 and its 200 day simple moving average is $202.99. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.91 and a current ratio of 1.21. The company has a market cap of $135.39 billion, a price-to-earnings ratio of 24.09, a PEG ratio of 2.37 and a beta of 1.04. Honeywell International Inc. has a 12-month low of $174.88 and a 12-month high of $220.79.

Honeywell International (NASDAQ:HON) last released its quarterly earnings results on Thursday, July 25th. The conglomerate reported $2.49 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analyst estimates of $9.41 billion. During the same quarter in the previous year, the business earned $2.23 earnings per share. The firm’s revenue was up 4.7% compared to the same quarter last year. Equities research analysts anticipate that Honeywell International Inc. will post 10.12 earnings per share for the current year.

Honeywell International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Stockholders of record on Friday, August 16th will be issued 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 dividend yield of 2.08%. Honeywell International’s dividend payout ratio is 50.06%.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Wells Fargo & Company lowered 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. StockNews.com lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a research note on Friday. UBS Group upgraded 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 report on Monday, June 10th. Daiwa America upgraded Honeywell International to a “moderate buy” rating in a research report on Wednesday, June 5th. Finally, Citigroup upped their price objective on Honeywell International from $243.00 to $244.00 and gave the company a “buy” rating in a report on Tuesday, June 4th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $225.00.

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.