Dorsey & Whitney Trust CO LLC Lowers Stake in Honeywell International Inc. (NASDAQ:HON)

Dorsey & Whitney Trust CO LLC lessened its holdings in Honeywell International Inc. (NASDAQ:HON) by 1.3% during the second quarter, Holdings Channel.com reports. The firm owned 68,348 shares of the conglomerate’s stock after selling 917 shares during the quarter. Honeywell International comprises about 1.0% of Dorsey & Whitney Trust CO LLC’s portfolio, making the stock its 20th largest holding. Dorsey & Whitney Trust CO LLC’s holdings in Honeywell International were worth $14,595,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Gryphon Financial Partners LLC grew its position in Honeywell International by 211.0% during the 4th quarter. Gryphon Financial Partners LLC now owns 5,384 shares of the conglomerate’s stock valued at $1,130,000 after purchasing an additional 3,653 shares during the last quarter. AlphaStar Capital Management LLC bought a new stake in shares of Honeywell International during the fourth quarter valued at approximately $287,000. Checchi Capital Advisers LLC raised its holdings in Honeywell International by 6.1% in the 4th quarter. Checchi Capital Advisers LLC now owns 7,858 shares of the conglomerate’s stock worth $1,648,000 after acquiring an additional 454 shares during the last quarter. Avantax Advisory Services Inc. lifted its position in Honeywell International by 3.5% in the 4th quarter. Avantax Advisory Services Inc. now owns 32,786 shares of the conglomerate’s stock valued at $6,876,000 after acquiring an additional 1,121 shares in the last quarter. Finally, Advisor OS LLC purchased a new stake in Honeywell International during the 4th quarter valued at $286,000. Institutional investors own 75.91% of the company’s stock.

Honeywell International Trading Up 1.5 %

Shares of Honeywell International stock opened at $201.16 on Tuesday. Honeywell International Inc. has a 1-year low of $174.88 and a 1-year high of $220.79. The company’s fifty day simple moving average is $206.21 and its 200-day simple moving average is $203.19. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.21 and a quick ratio of 0.91. The stock has a market capitalization of $130.69 billion, a PE ratio of 23.31, a P/E/G ratio of 2.25 and a beta of 1.03.

Honeywell International (NASDAQ:HON) last released its earnings results on Thursday, July 25th. The conglomerate reported $2.49 earnings per share for the quarter, beating the consensus estimate of $2.42 by $0.07. Honeywell International had a return on equity of 36.87% and a net margin of 15.49%. The company 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 business earned $2.23 earnings per share. Honeywell International’s quarterly revenue was up 4.7% compared to the same quarter last year. As a group, equities analysts anticipate 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. Shareholders of record on Friday, August 16th were paid a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date was Friday, August 16th. Honeywell International’s payout ratio is 50.06%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Royal Bank of Canada lowered their price target on Honeywell International from $218.00 to $214.00 and set a “sector perform” rating on the stock in a report on Friday, July 26th. Citigroup raised their price target on shares of Honeywell International from $243.00 to $244.00 and gave the company a “buy” rating in a report on Tuesday, June 4th. Daiwa America raised shares of Honeywell International to a “moderate buy” rating in a report on Wednesday, June 5th. UBS Group upgraded shares of 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 report on Monday, June 10th. Finally, Morgan Stanley began coverage on Honeywell International in a report on Friday. They set an “equal weight” rating and a $210.00 price target on the stock. Six analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Honeywell International has an average rating of “Hold” and a consensus price target 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.