Sentry Investment Management LLC Decreases Stake in Honeywell International Inc. (NASDAQ:HON)

Sentry Investment Management LLC lessened its holdings in Honeywell International Inc. (NASDAQ:HON) by 7.9% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,206 shares of the conglomerate’s stock after selling 275 shares during the period. Sentry Investment Management LLC’s holdings in Honeywell International were worth $685,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. LGT Group Foundation bought a new position in shares of Honeywell International during the 1st quarter valued at approximately $26,000. Scarborough Advisors LLC purchased a new position in Honeywell International in the fourth quarter valued at approximately $27,000. Richardson Capital Management LLC purchased a new stake in Honeywell International in the first quarter worth $35,000. Financial Connections Group Inc. bought a new stake in shares of Honeywell International in the second quarter valued at $38,000. Finally, Pathway Financial Advisers LLC purchased a new position in shares of Honeywell International during the 1st quarter valued at $39,000. 75.91% of the stock is owned by institutional investors.

Honeywell International Stock Performance

NASDAQ HON opened at $200.95 on Wednesday. The company’s 50 day simple moving average is $205.97 and its two-hundred day simple moving average is $203.19. The stock has a market capitalization of $130.55 billion, a PE ratio of 23.29, a P/E/G ratio of 2.25 and a beta of 1.03. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.21 and a quick ratio of 0.91. Honeywell International Inc. has a 1 year low of $174.88 and a 1 year high of $220.79.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings data on Thursday, July 25th. The conglomerate reported $2.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.42 by $0.07. The company had revenue of $9.58 billion during the quarter, compared to analyst estimates of $9.41 billion. Honeywell International had a return on equity of 36.87% and a net margin of 15.49%. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the company earned $2.23 earnings per share. Analysts predict that Honeywell International Inc. will post 10.12 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 16th were paid a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date was Friday, August 16th. Honeywell International’s dividend payout ratio is currently 50.06%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Royal Bank of Canada decreased their price objective on Honeywell International from $218.00 to $214.00 and set a “sector perform” rating for the company in a report on Friday, July 26th. Daiwa America raised shares of Honeywell International to a “moderate buy” rating in a research report on Wednesday, June 5th. Wells Fargo & Company dropped their price target on shares of 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. StockNews.com cut shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Friday, August 30th. Finally, Citigroup raised 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. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $223.13.

Honeywell International Company 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.