Foster & Motley Inc. Sells 131 Shares of Honeywell International Inc. (NASDAQ:HON)

Foster & Motley Inc. decreased its stake in Honeywell International Inc. (NASDAQ:HON) by 1.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,625 shares of the conglomerate’s stock after selling 131 shares during the period. Foster & Motley Inc.’s holdings in Honeywell International were worth $1,842,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Torray Investment Partners LLC raised its position in Honeywell International by 0.3% during the fourth quarter. Torray Investment Partners LLC now owns 58,708 shares of the conglomerate’s stock valued at $12,312,000 after purchasing an additional 190 shares in the last quarter. Connectus Wealth LLC raised its holdings in shares of Honeywell International by 2.2% during the 4th quarter. Connectus Wealth LLC now owns 224,661 shares of the conglomerate’s stock valued at $47,128,000 after buying an additional 4,789 shares in the last quarter. Main Street Financial Solutions LLC lifted its position in Honeywell International by 2.6% in the 4th quarter. Main Street Financial Solutions LLC now owns 4,561 shares of the conglomerate’s stock worth $956,000 after buying an additional 114 shares during the last quarter. Cary Street Partners Investment Advisory LLC boosted its stake in Honeywell International by 17.7% in the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 12,141 shares of the conglomerate’s stock worth $2,546,000 after buying an additional 1,823 shares in the last quarter. Finally, Sanibel Captiva Trust Company Inc. bought a new position in Honeywell International during the fourth quarter valued at approximately $27,230,000. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Daiwa America raised shares of Honeywell International to a “moderate buy” rating in a research note on Wednesday, June 5th. UBS Group upgraded Honeywell International from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $175.00 to $215.00 in a report on Monday, June 10th. StockNews.com cut Honeywell International from a “buy” rating to a “hold” rating in a report on Friday, August 30th. Royal Bank of Canada reduced their price target 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. Finally, Wells Fargo & Company dropped their price objective on Honeywell International from $220.00 to $215.00 and set an “equal weight” rating for the company in a research note on Friday, July 26th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $225.00.

Honeywell International Price Performance

HON opened at $202.98 on Friday. The stock’s 50 day moving average price is $206.72 and its 200-day moving average price is $203.13. Honeywell International Inc. has a 52-week low of $174.88 and a 52-week high of $220.79. The stock 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. 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 issued its quarterly earnings data on Thursday, July 25th. The conglomerate reported $2.49 EPS for the quarter, topping the consensus estimate of $2.42 by $0.07. The business had revenue of $9.58 billion during the quarter, compared to analyst estimates of $9.41 billion. Honeywell International had a net margin of 15.49% and a return on equity of 36.87%. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the prior year, the business earned $2.23 EPS. On average, equities research analysts predict that Honeywell International Inc. will post 10.12 EPS for the current year.

Honeywell International Dividend Announcement

The company also recently disclosed 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. The ex-dividend date is Friday, August 16th. This represents a $4.32 annualized dividend and a yield of 2.13%. Honeywell International’s payout ratio is 50.06%.

Honeywell International Company 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.