Honeywell International Inc. (NASDAQ:HON) Shares Sold by Davidson Investment Advisors

Davidson Investment Advisors decreased its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 0.0% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 144,500 shares of the conglomerate’s stock after selling 72 shares during the quarter. Honeywell International comprises approximately 1.9% of Davidson Investment Advisors’ investment portfolio, making the stock its 9th largest holding. Davidson Investment Advisors’ holdings in Honeywell International were worth $29,984,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of HON. Bank Julius Baer & Co. Ltd Zurich grew its position in Honeywell International by 99,910.7% in the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,691,018,839 shares of the conglomerate’s stock valued at $350,886,409,000 after purchasing an additional 1,689,328,001 shares during the period. Moneta Group Investment Advisors LLC grew its position in Honeywell International by 101,603.5% in 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 purchasing an additional 5,701,989 shares during the period. Bank of Montreal Can acquired a new stake in Honeywell International in the 2nd quarter valued at $437,412,000. Renaissance Technologies LLC acquired a new stake in Honeywell International in the 1st quarter valued at $349,081,000. Finally, Two Sigma Advisers LP grew its position in Honeywell International by 367.4% in the 1st quarter. Two Sigma Advisers LP now owns 1,985,500 shares of the conglomerate’s stock valued at $379,469,000 after purchasing an additional 1,560,700 shares during the period. Institutional investors and hedge funds own 74.61% of the company’s stock.

Analyst Upgrades and Downgrades

HON has been the subject of several research reports. UBS Group reduced their price target on shares of Honeywell International from $185.00 to $180.00 and set a “sell” rating for the company in a research report on Friday, July 28th. Wells Fargo & Company reduced their price target on shares of Honeywell International from $205.00 to $190.00 in a research report on Monday, October 9th. StockNews.com upgraded Honeywell International from a “hold” rating to a “buy” rating in a research note on Friday, November 3rd. Finally, Morgan Stanley raised their price objective on Honeywell International from $219.00 to $221.00 in a research note on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $214.75.

Honeywell International Stock Performance

Shares of NASDAQ HON traded up $0.09 during mid-day trading on Monday, reaching $191.30. 785,757 shares of the company’s stock were exchanged, compared to its average volume of 2,782,606. The firm has a market capitalization of $126.11 billion, a price-to-earnings ratio of 23.66, a price-to-earnings-growth ratio of 2.45 and a beta of 1.05. Honeywell International Inc. has a 52 week low of $174.88 and a 52 week high of $220.96. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.35 and a quick ratio of 1.01. The firm has a 50-day moving average price of $186.19 and a two-hundred day moving average price of $192.70.

Honeywell International (NASDAQ:HON) last released its earnings results on Thursday, October 26th. The conglomerate reported $2.27 EPS for the quarter, topping analysts’ consensus estimates of $2.23 by $0.04. Honeywell International had a return on equity of 34.63% and a net margin of 14.87%. The company had revenue of $9.21 billion for the quarter, compared to analysts’ expectations of $9.23 billion. During the same period in the previous year, the business posted $2.25 EPS. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. Analysts predict that Honeywell International Inc. will post 9.16 EPS for the current year.

Honeywell International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Friday, November 10th will be issued a $1.08 dividend. The ex-dividend date of this dividend is Thursday, November 9th. This represents a $4.32 annualized dividend and a yield of 2.26%. This is a positive change from Honeywell International’s previous quarterly dividend of $1.03. Honeywell International’s dividend payout ratio (DPR) is 53.53%.

Honeywell International 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.