Slow Capital Inc. lessened its position in shares of Honeywell International Inc. (NYSE:HON) by 0.8% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,114 shares of the conglomerate’s stock after selling 175 shares during the period. Honeywell International comprises 1.5% of Slow Capital Inc.’s investment portfolio, making the stock its 8th biggest holding. Slow Capital Inc.’s holdings in Honeywell International were worth $3,686,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Lenox Wealth Advisors LLC boosted its stake in Honeywell International by 453.8% during the 2nd quarter. Lenox Wealth Advisors LLC now owns 144 shares of the conglomerate’s stock worth $25,000 after purchasing an additional 118 shares during the period. Cordasco Financial Network acquired a new stake in Honeywell International during the 1st quarter worth $25,000. Mcmillion Capital Management Inc. acquired a new stake in Honeywell International during the 2nd quarter worth $31,000. Mackey Komara & Dankovich LLC acquired a new stake in Honeywell International during the 1st quarter worth $29,000. Finally, Capital Financial Planning LLC acquired a new stake in Honeywell International during the 4th quarter worth $26,000. Institutional investors own 77.29% of the company’s stock.

HON has been the subject of a number of recent research reports. Citigroup set a $197.00 price target on shares of Honeywell International and gave the stock a “buy” rating in a research note on Friday, July 19th. Cowen reiterated a “buy” rating and set a $180.00 price target on shares of Honeywell International in a research note on Friday, August 2nd. Royal Bank of Canada set a $177.00 price target on shares of Honeywell International and gave the stock a “buy” rating in a research note on Friday, July 19th. Jefferies Financial Group increased their price target on shares of Honeywell International from $190.00 to $195.00 and gave the stock a “buy” rating in a research note on Friday, July 19th. Finally, Zacks Investment Research upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and set a $182.00 price target for the company in a research note on Monday, July 22nd. Four research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $184.08.

Honeywell International stock traded up $3.02 during trading hours on Tuesday, reaching $167.98. 272,518 shares of the stock were exchanged, compared to its average volume of 2,519,035. The stock has a market capitalization of $119.92 billion, a PE ratio of 20.97, a P/E/G ratio of 2.22 and a beta of 1.09. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.96 and a current ratio of 1.19. Honeywell International Inc. has a 52-week low of $123.48 and a 52-week high of $178.47. The company’s 50 day moving average price is $172.74.

Honeywell International (NYSE:HON) last announced its quarterly earnings data on Thursday, July 18th. The conglomerate reported $2.10 EPS for the quarter, topping the Zacks’ consensus estimate of $2.08 by $0.02. The company had revenue of $9.24 billion during the quarter, compared to the consensus estimate of $9.37 billion. Honeywell International had a net margin of 18.17% and a return on equity of 32.02%. Honeywell International’s quarterly revenue was down 15.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.12 EPS. Equities research analysts anticipate that Honeywell International Inc. will post 8.1 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Friday, August 16th will be given a dividend of $0.82 per share. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $3.28 dividend on an annualized basis and a yield of 1.95%. Honeywell International’s payout ratio is currently 40.95%.

In other Honeywell International news, CEO Vimal Kapur sold 5,000 shares of the company’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $169.58, for a total transaction of $847,900.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.73% of the stock is currently owned by corporate insiders.

About Honeywell International

Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its Aerospace segment supplies products, software, and services for aircrafts and vehicles. This 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 connected solutions and data services for the aftermarket, as well as provides wireless connectivity and management and technical services.

See Also: Liquidity

Institutional Ownership by Quarter for Honeywell International (NYSE:HON)

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