Financial Advocates Investment Management Has $830,000 Holdings in Honeywell International Inc. (NASDAQ:HON)

Financial Advocates Investment Management cut its holdings in Honeywell International Inc. (NASDAQ:HON) by 12.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,886 shares of the conglomerate’s stock after selling 555 shares during the period. Financial Advocates Investment Management’s holdings in Honeywell International were worth $830,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of HON. Price T Rowe Associates Inc. MD lifted its stake in shares of Honeywell International by 22.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 9,587,718 shares of the conglomerate’s stock worth $1,967,880,000 after buying an additional 1,746,759 shares during the last quarter. Northern Trust Corp boosted its holdings in Honeywell International by 0.3% during the fourth quarter. Northern Trust Corp now owns 6,451,134 shares of the conglomerate’s stock valued at $1,352,867,000 after acquiring an additional 17,591 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Honeywell International by 1.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,621,544 shares of the conglomerate’s stock valued at $759,474,000 after acquiring an additional 66,213 shares during the period. Capital Research Global Investors increased its stake in shares of Honeywell International by 6.7% in the first quarter. Capital Research Global Investors now owns 3,402,252 shares of the conglomerate’s stock worth $698,312,000 after purchasing an additional 212,327 shares during the period. Finally, Janus Henderson Group PLC lifted its position in shares of Honeywell International by 8.1% during the 1st quarter. Janus Henderson Group PLC now owns 2,698,596 shares of the conglomerate’s stock worth $553,880,000 after purchasing an additional 202,358 shares during the last quarter. 75.91% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have commented on HON. Royal Bank of Canada dropped 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. Daiwa America raised shares of Honeywell International to a “moderate buy” rating in a research report on Wednesday, June 5th. Citigroup increased 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. UBS Group upgraded shares of Honeywell International from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $175.00 to $215.00 in a report on Monday, June 10th. Finally, StockNews.com cut shares of Honeywell International from a “buy” rating to a “hold” rating in a research note on Friday. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $225.00.

Honeywell International Stock Up 1.2 %

NASDAQ HON opened at $207.51 on Friday. Honeywell International Inc. has a 1-year low of $174.88 and a 1-year high of $220.79. The company has a market capitalization of $135.13 billion, a price-to-earnings ratio of 24.05, a PEG ratio of 2.32 and a beta of 1.04. The stock’s 50 day moving average is $207.73 and its two-hundred day moving average is $202.76. The company has a current ratio of 1.21, a quick ratio of 0.91 and a debt-to-equity ratio of 1.19.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings results on Thursday, July 25th. The conglomerate reported $2.49 earnings per share for the quarter, beating analysts’ consensus estimates of $2.42 by $0.07. The firm had revenue of $9.58 billion for the quarter, compared to analysts’ expectations of $9.41 billion. Honeywell International had a return on equity of 36.87% and a net margin of 15.49%. The business’s revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the business posted $2.23 earnings per share. Equities analysts forecast that Honeywell International Inc. will post 10.14 earnings per share for the current fiscal 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 paid 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 2.08%. Honeywell International’s dividend 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.