MainStreet Investment Advisors LLC Sells 5,519 Shares of Honeywell International Inc. (NASDAQ:HON)

MainStreet Investment Advisors LLC lessened its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 7.5% during the second quarter, Holdings Channel.com reports. The firm owned 68,529 shares of the conglomerate’s stock after selling 5,519 shares during the period. Honeywell International accounts for about 1.8% of MainStreet Investment Advisors LLC’s portfolio, making the stock its 12th biggest position. MainStreet Investment Advisors LLC’s holdings in Honeywell International were worth $14,634,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Cypress Wealth Services LLC increased its stake in Honeywell International by 2.5% during the 2nd quarter. Cypress Wealth Services LLC now owns 1,952 shares of the conglomerate’s stock valued at $417,000 after purchasing an additional 47 shares in the last quarter. Bard Financial Services Inc. raised its holdings in Honeywell International by 0.3% in the 2nd quarter. Bard Financial Services Inc. now owns 17,594 shares of the conglomerate’s stock worth $3,757,000 after acquiring an additional 50 shares during the last quarter. Quent Capital LLC boosted its stake in Honeywell International by 3.0% during the 2nd 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 last quarter. Sivia Capital Partners LLC raised its stake in shares of Honeywell International by 3.9% in the second quarter. Sivia Capital Partners LLC now owns 1,430 shares of the conglomerate’s stock worth $305,000 after purchasing an additional 54 shares during the last quarter. Finally, Analyst IMS Investment Management Services Ltd. boosted its position in shares of Honeywell International by 3.7% during the fourth quarter. Analyst IMS Investment Management Services Ltd. now owns 1,535 shares of the conglomerate’s stock valued at $322,000 after buying an additional 55 shares during the last quarter. 75.91% of the stock is owned by institutional investors.

Honeywell International Stock Down 2.4 %

NASDAQ HON opened at $198.13 on Friday. The stock’s 50-day moving average price is $206.41 and its 200-day moving average price is $203.16. The company has a market capitalization of $129.02 billion, a P/E ratio of 22.96, a price-to-earnings-growth ratio of 2.37 and a beta of 1.03. The company has a quick ratio of 0.91, a current ratio of 1.21 and a debt-to-equity ratio of 1.19. Honeywell International Inc. has a 52 week low of $174.88 and a 52 week high of $220.79.

Honeywell International (NASDAQ:HON) last released its earnings results on Thursday, July 25th. The conglomerate reported $2.49 EPS for the quarter, topping analysts’ consensus estimates of $2.42 by $0.07. The company had revenue of $9.58 billion for the quarter, compared to analysts’ expectations 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 was up 4.7% compared to the same quarter last year. During the same quarter last year, the business earned $2.23 EPS. On average, equities research analysts predict that Honeywell International Inc. will post 10.12 earnings per share for the current year.

Honeywell International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 16th were issued a $1.08 dividend. This represents a $4.32 annualized dividend and a yield of 2.18%. The ex-dividend date of this dividend was Friday, August 16th. Honeywell International’s dividend payout ratio is currently 50.06%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Daiwa America upgraded shares of Honeywell International to a “moderate buy” rating in a research note on Wednesday, June 5th. StockNews.com cut shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Friday, August 30th. Wells Fargo & Company lowered their price target on Honeywell International from $220.00 to $215.00 and set an “equal weight” rating on the stock in a report on Friday, July 26th. Morgan Stanley began coverage on Honeywell International in a report on Friday. They issued an “equal weight” rating and a $210.00 price objective for the company. Finally, UBS Group raised Honeywell International from a “sell” rating to a “neutral” rating and raised their target price for the stock from $175.00 to $215.00 in a research report on Monday, June 10th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $223.13.

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.