ARK Investment Management LLC Sells 1,288 Shares of Honeywell International Inc. (NASDAQ:HON)

ARK Investment Management LLC reduced its position in shares of Honeywell International Inc. (NASDAQ:HON) by 7.0% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,208 shares of the conglomerate’s stock after selling 1,288 shares during the quarter. ARK Investment Management LLC’s holdings in Honeywell International were worth $3,675,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. LGT Group Foundation purchased a new position in Honeywell International in the 1st quarter valued at $26,000. Altshuler Shaham Ltd acquired a new position in shares of Honeywell International in the 4th quarter valued at $27,000. Scarborough Advisors LLC acquired a new stake in Honeywell International during the 4th quarter worth $27,000. Richardson Capital Management LLC acquired a new stake in Honeywell International during the 1st quarter worth $35,000. Finally, Pathway Financial Advisers LLC acquired a new stake in shares of Honeywell International in the 1st quarter worth $39,000. 75.91% of the stock is currently owned by institutional investors.

Honeywell International Trading Up 1.0 %

Shares of Honeywell International stock traded up $2.00 during trading on Tuesday, hitting $205.85. The company’s stock had a trading volume of 1,226,924 shares, compared to its average volume of 2,896,982. 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 52 week low of $174.88 and a 52 week high of $220.79. The stock has a market cap of $134.05 billion, a price-to-earnings ratio of 23.79, a price-to-earnings-growth ratio of 2.32 and a beta of 1.04. The stock has a 50-day moving average price of $208.02 and a two-hundred day moving average price of $202.67.

Honeywell International (NASDAQ:HON) last posted 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. The company had revenue of $9.58 billion during the quarter, compared to the consensus estimate of $9.41 billion. Honeywell International had a net margin of 15.49% and a return on equity of 36.87%. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the previous year, the firm posted $2.23 earnings per share. Equities research analysts anticipate that Honeywell International Inc. will post 10.14 EPS for the current fiscal year.

Honeywell International Announces Dividend

The firm also recently announced 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 annualized dividend and a dividend yield of 2.10%. The ex-dividend date of this dividend is Friday, August 16th. Honeywell International’s dividend payout ratio is currently 50.06%.

Wall Street Analyst Weigh In

HON has been the subject of a number of recent research reports. Royal Bank of Canada lowered their price target on shares of Honeywell International from $218.00 to $214.00 and set a “sector perform” rating for the company in a report on Friday, July 26th. Daiwa America raised shares of Honeywell International to a “moderate buy” rating in a research report on Wednesday, June 5th. Citigroup lifted their price target on shares of Honeywell International from $243.00 to $244.00 and gave the stock a “buy” rating in a research note on Tuesday, June 4th. StockNews.com upgraded shares of Honeywell International from a “hold” rating to a “buy” rating in a research note on Thursday, August 22nd. Finally, Wells Fargo & Company lowered their price target on shares of 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. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Honeywell International presently has an average rating of “Moderate Buy” 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.