GM Advisory Group LLC Decreases Stake in Honeywell International Inc. (NASDAQ:HON)

GM Advisory Group LLC cut its position in Honeywell International Inc. (NASDAQ:HON) by 3.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,614 shares of the conglomerate’s stock after selling 212 shares during the period. GM Advisory Group LLC’s holdings in Honeywell International were worth $1,199,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of HON. LGT Group Foundation purchased a new stake in Honeywell International during the 1st quarter worth about $26,000. Scarborough Advisors LLC acquired a new stake in shares of Honeywell International during the 4th quarter worth about $27,000. Richardson Capital Management LLC purchased a new stake in Honeywell International during the first quarter worth approximately $35,000. Financial Connections Group Inc. acquired a new position in Honeywell International in the second quarter valued at approximately $38,000. Finally, Pathway Financial Advisers LLC acquired a new stake in Honeywell International during the first quarter worth approximately $39,000. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Stock Up 1.0 %

HON opened at $203.70 on Friday. Honeywell International Inc. has a 52 week low of $174.88 and a 52 week high of $220.79. The business has a 50 day moving average price of $204.74 and a two-hundred day moving average price of $203.39. The company has a quick ratio of 0.91, a current ratio of 1.21 and a debt-to-equity ratio of 1.19. The company has a market cap of $132.65 billion, a PE ratio of 23.60, a P/E/G ratio of 2.32 and a beta of 1.03.

Honeywell International (NASDAQ:HON) last released its quarterly earnings results on Thursday, July 25th. The conglomerate reported $2.49 EPS for the quarter, topping 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 business had revenue of $9.58 billion during the quarter, compared to analysts’ expectations of $9.41 billion. During the same quarter in the prior year, the business earned $2.23 earnings per share. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. As a group, research analysts anticipate that Honeywell International Inc. will post 10.11 EPS for the current year.

Honeywell International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 16th were issued a $1.08 dividend. This represents a $4.32 annualized dividend and a dividend yield of 2.12%. The ex-dividend date was Friday, August 16th. Honeywell International’s payout ratio is 50.06%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on HON. Royal Bank of Canada lowered their target price on shares of Honeywell International from $218.00 to $214.00 and set a “sector perform” rating for the company in a report on Friday, July 26th. Wells Fargo & Company dropped their price objective 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. UBS Group raised Honeywell International from a “sell” rating to a “neutral” rating and boosted their target price for the company from $175.00 to $215.00 in a report on Monday, June 10th. Citigroup raised their price target on Honeywell International from $243.00 to $244.00 and gave the stock a “buy” rating in a research note on Tuesday, June 4th. Finally, StockNews.com cut Honeywell International from a “buy” rating to a “hold” rating in a research note on Friday, August 30th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $223.13.

About Honeywell International

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.