Simon Quick Advisors LLC Lowers Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

Simon Quick Advisors LLC decreased its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 15.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,748 shares of the conglomerate’s stock after selling 676 shares during the quarter. Simon Quick Advisors LLC’s holdings in Honeywell International were worth $800,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. LGT Group Foundation bought a new stake in Honeywell International in the 1st quarter worth approximately $26,000. Altshuler Shaham Ltd purchased a new stake in shares of Honeywell International during the 4th quarter valued at about $27,000. Scarborough Advisors LLC bought a new position in shares of Honeywell International in the 4th quarter worth approximately $27,000. Richardson Capital Management LLC purchased a new position in shares of Honeywell International in the first quarter worth approximately $35,000. Finally, Financial Connections Group Inc. bought a new stake in Honeywell International during the second quarter valued at approximately $38,000. 75.91% of the stock is owned by hedge funds and other institutional investors.

Honeywell International Stock Up 0.3 %

NASDAQ HON opened at $205.54 on Thursday. The stock has a 50 day moving average price of $206.95 and a 200-day moving average price of $203.13. Honeywell International Inc. has a one year low of $174.88 and a one year high of $220.79. The company has a market capitalization of $133.84 billion, a P/E ratio of 23.82, a P/E/G ratio of 2.37 and a beta of 1.04. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.91 and a current ratio of 1.21.

Honeywell International (NASDAQ:HON) last posted its earnings results on Thursday, July 25th. The conglomerate reported $2.49 earnings per share 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 firm 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 posted $2.23 EPS. The business’s quarterly revenue was up 4.7% on a year-over-year basis. As a group, equities analysts predict that Honeywell International Inc. will post 10.12 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Friday, August 16th will be issued a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date of this dividend is Friday, August 16th. Honeywell International’s payout ratio is currently 50.06%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on HON. Daiwa America raised shares of Honeywell International to a “moderate buy” rating in a research report on Wednesday, June 5th. StockNews.com cut Honeywell International from a “buy” rating to a “hold” rating in a research report on Friday, August 30th. Wells Fargo & Company lowered their price objective 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. Citigroup increased their target price on shares of Honeywell International from $243.00 to $244.00 and gave the stock a “buy” rating in a report on Tuesday, June 4th. Finally, Royal Bank of Canada lowered their price objective on 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. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Honeywell International currently has an average rating of “Hold” and a consensus price target 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.