Honeywell International Inc. (NASDAQ:HON) Shares Sold by FSM Wealth Advisors LLC

FSM Wealth Advisors LLC lessened its position in Honeywell International Inc. (NASDAQ:HON) by 3.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,043 shares of the conglomerate’s stock after selling 134 shares during the period. FSM Wealth Advisors LLC’s holdings in Honeywell International were worth $844,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. True Wealth Design LLC bought a new position in shares of Honeywell International during the 4th quarter valued at about $31,000. Silicon Valley Capital Partners bought a new position in shares of Honeywell International during the 4th quarter valued at about $33,000. Knuff & Co LLC purchased a new stake in shares of Honeywell International in the first quarter valued at $31,000. Manitou Investment Management Ltd. purchased a new stake in shares of Honeywell International in the first quarter valued at $32,000. Finally, Magellan Asset Management Ltd purchased a new stake in shares of Honeywell International in the first quarter valued at $32,000. Institutional investors and hedge funds own 74.61% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. UBS Group reduced their target price on Honeywell International from $185.00 to $180.00 and set a “sell” rating for the company in a report on Friday, July 28th. StockNews.com began coverage on Honeywell International in a report on Monday, August 21st. They issued a “hold” rating for the company. Finally, Morgan Stanley increased their price objective on Honeywell International from $219.00 to $221.00 in a report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $215.07.

Honeywell International Stock Performance

Shares of NASDAQ:HON traded up $2.08 during midday trading on Monday, hitting $195.12. The company’s stock had a trading volume of 869,608 shares, compared to its average volume of 2,785,583. The stock has a market capitalization of $129.55 billion, a price-to-earnings ratio of 24.12, a PEG ratio of 2.36 and a beta of 1.07. The stock’s 50 day simple moving average is $191.94 and its 200 day simple moving average is $195.48. Honeywell International Inc. has a fifty-two week low of $166.63 and a fifty-two week high of $220.96. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.07 and a current ratio of 1.41.

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

Honeywell International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Friday, August 11th were given a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date of this dividend was Thursday, August 10th. Honeywell International’s dividend payout ratio (DPR) is presently 50.99%.

About Honeywell International

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.