Honeywell International Inc. (NASDAQ:HON) Shares Sold by Whitener Capital Management Inc.

Whitener Capital Management Inc. decreased its stake in Honeywell International Inc. (NASDAQ:HON) by 1.5% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 39,873 shares of the conglomerate’s stock after selling 599 shares during the quarter. Honeywell International comprises approximately 3.2% of Whitener Capital Management Inc.’s portfolio, making the stock its 7th largest position. Whitener Capital Management Inc.’s holdings in Honeywell International were worth $8,274,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. BlackRock Inc. lifted its position in shares of Honeywell International by 2.1% during the first quarter. BlackRock Inc. now owns 42,326,637 shares of the conglomerate’s stock worth $8,089,467,000 after purchasing an additional 855,220 shares during the last quarter. Morgan Stanley raised its holdings in shares of Honeywell International by 1.6% during the fourth quarter. Morgan Stanley now owns 15,283,603 shares of the conglomerate’s stock valued at $3,275,277,000 after buying an additional 241,992 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Honeywell International by 2.2% during the first quarter. Geode Capital Management LLC now owns 12,617,604 shares of the conglomerate’s stock worth $2,405,781,000 after buying an additional 270,260 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in Honeywell International by 3.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,445,462 shares of the conglomerate’s stock worth $1,422,977,000 after buying an additional 275,879 shares in the last quarter. Finally, Moneta Group Investment Advisors LLC raised its stake in Honeywell International by 101,603.5% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 5,707,601 shares of the conglomerate’s stock valued at $1,223,139,000 after acquiring an additional 5,701,989 shares in the last quarter. 74.61% of the stock is currently owned by hedge funds and other institutional investors.

Honeywell International Stock Down 0.3 %

Honeywell International stock traded down $0.49 during trading hours on Tuesday, hitting $193.97. The company had a trading volume of 1,039,947 shares, compared to its average volume of 2,783,920. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.41 and a quick ratio of 1.07. Honeywell International Inc. has a fifty-two week low of $166.63 and a fifty-two week high of $220.96. The firm’s fifty day moving average is $191.94 and its 200-day moving average is $195.48. The firm has a market capitalization of $128.79 billion, a P/E ratio of 24.07, a price-to-earnings-growth ratio of 2.35 and a beta of 1.07.

Honeywell International (NASDAQ:HON) last released its quarterly earnings results on Thursday, July 27th. The conglomerate reported $2.23 EPS for the quarter, beating analysts’ consensus estimates of $2.20 by $0.03. The company had revenue of $9.10 billion for the quarter, compared to analyst estimates of $9.17 billion. Honeywell International had a net margin of 15.08% and a return on equity of 34.46%. The company’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter last year, the firm posted $2.10 earnings per share. On average, research analysts forecast that Honeywell International Inc. will post 9.16 earnings per share for the current year.

Honeywell International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Friday, August 11th were paid a $1.03 dividend. The ex-dividend date was Thursday, August 10th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.12%. Honeywell International’s payout ratio is presently 50.99%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Morgan Stanley increased their price target on Honeywell International from $219.00 to $221.00 in a research note on Friday, July 28th. StockNews.com initiated coverage on shares of Honeywell International in a research note on Monday, August 21st. They set a “hold” rating on the stock. Finally, UBS Group dropped their target price on Honeywell International from $185.00 to $180.00 and set a “sell” rating on the stock in a report on Friday, July 28th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $215.07.

Honeywell International Company Profile

Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its 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 and management services.