Profund Advisors LLC Sells 1,176 Shares of Honeywell International Inc. (NASDAQ:HON)

Profund Advisors LLC lessened its position in Honeywell International Inc. (NASDAQ:HON) by 1.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 61,316 shares of the conglomerate’s stock after selling 1,176 shares during the quarter. Profund Advisors LLC’s holdings in Honeywell International were worth $13,093,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Connectus Wealth LLC boosted its holdings in Honeywell International by 2.2% during the fourth quarter. Connectus Wealth LLC now owns 224,661 shares of the conglomerate’s stock worth $47,128,000 after purchasing an additional 4,789 shares during the last quarter. Sanibel Captiva Trust Company Inc. bought a new position in shares of Honeywell International in the 4th quarter valued at about $27,230,000. Trilogy Capital Inc. increased its position in shares of Honeywell International by 125.7% in the first quarter. Trilogy Capital Inc. now owns 2,422 shares of the conglomerate’s stock valued at $497,000 after acquiring an additional 1,349 shares during the last quarter. Jupiter Asset Management Ltd. bought a new stake in Honeywell International during the first quarter worth about $1,398,000. Finally, Lloyd Advisory Services LLC. acquired a new position in Honeywell International during the first quarter valued at approximately $1,110,000. Institutional investors own 75.91% of the company’s stock.

Honeywell International Trading Down 0.2 %

Shares of HON stock opened at $203.35 on Friday. Honeywell International Inc. has a 12-month low of $174.88 and a 12-month high of $220.79. The company has a market capitalization of $132.42 billion, a PE ratio of 23.56, a price-to-earnings-growth ratio of 2.32 and a beta of 1.03. The firm has a 50 day moving average price of $204.50 and a two-hundred day moving average price of $203.46. The company has a quick ratio of 0.91, a current ratio of 1.21 and a debt-to-equity ratio of 1.19.

Honeywell International (NASDAQ:HON) last released its quarterly earnings results on Thursday, July 25th. The conglomerate reported $2.49 earnings per share 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 period last year, the firm posted $2.23 EPS. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. As a group, analysts predict that Honeywell International Inc. will post 10.11 earnings per share for the current year.

Honeywell International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 16th were given a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date of this dividend was Friday, August 16th. Honeywell International’s dividend payout ratio is 50.06%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Daiwa America upgraded Honeywell International to a “moderate buy” rating in a research note on Wednesday, June 5th. StockNews.com downgraded shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Friday, August 30th. UBS Group raised shares of Honeywell International from a “sell” rating to a “neutral” rating and upped their target price for the company from $175.00 to $215.00 in a report on Monday, June 10th. Citigroup lifted their price target on Honeywell International from $243.00 to $244.00 and gave the stock a “buy” rating in a report on Tuesday, June 4th. Finally, 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 research note on Friday, July 26th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $223.13.

Honeywell International 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.