FSM Wealth Advisors LLC Cuts Position in Honeywell International Inc. (NASDAQ:HON)

FSM Wealth Advisors LLC lessened its holdings in Honeywell International Inc. (NASDAQ:HON) by 3.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor 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 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of HON. BlackRock Inc. increased its stake in Honeywell International by 2.1% during the 1st quarter. BlackRock Inc. now owns 42,326,637 shares of the conglomerate’s stock worth $8,089,467,000 after buying an additional 855,220 shares in the last quarter. Morgan Stanley boosted its holdings in shares of Honeywell International by 1.6% during the 4th quarter. Morgan Stanley now owns 15,283,603 shares of the conglomerate’s stock worth $3,275,277,000 after purchasing an additional 241,992 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Honeywell International by 2.2% during the 1st quarter. Geode Capital Management LLC now owns 12,617,604 shares of the conglomerate’s stock worth $2,405,781,000 after purchasing an additional 270,260 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Honeywell International by 3.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,445,462 shares of the conglomerate’s stock worth $1,422,977,000 after purchasing an additional 275,879 shares during the last quarter. Finally, Moneta Group Investment Advisors LLC boosted its holdings in shares of Honeywell International by 101,603.5% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 5,707,601 shares of the conglomerate’s stock worth $1,223,139,000 after purchasing an additional 5,701,989 shares during the last quarter. Hedge funds and other institutional investors own 74.61% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on HON shares. UBS Group lowered their target price on Honeywell International from $185.00 to $180.00 and set a “sell” rating on the stock in a report on Friday, July 28th. StockNews.com initiated coverage on Honeywell International in a report on Monday, August 21st. They issued a “hold” rating on the stock. Finally, Morgan Stanley upped their price objective on Honeywell International from $219.00 to $221.00 in a report on Friday, July 28th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Honeywell International has a consensus rating of “Hold” and an average price target of $215.07.

Honeywell International Stock Performance

NASDAQ HON traded up $2.08 during trading hours on Monday, hitting $195.12. The company had a trading volume of 869,608 shares, compared to its average volume of 2,785,583. 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 Inc. has a 1-year low of $166.63 and a 1-year high of $220.96. The company has a market cap of $129.55 billion, a PE ratio of 24.12, a price-to-earnings-growth ratio of 2.36 and a beta of 1.07. The business has a 50 day moving average of $191.94 and a 200-day moving average of $195.48.

Honeywell International (NASDAQ:HON) last released its quarterly earnings data on Thursday, July 27th. The conglomerate reported $2.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.20 by $0.03. Honeywell International had a net margin of 15.08% and a return on equity of 34.46%. The company had revenue of $9.10 billion during the quarter, compared to the consensus estimate of $9.17 billion. During the same quarter in the prior year, the firm posted $2.10 earnings per share. Honeywell International’s revenue for the quarter was up 1.6% on a year-over-year basis. As a group, equities research analysts expect that Honeywell International Inc. will post 9.16 EPS for the current year.

Honeywell International Announces Dividend

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

Honeywell International Profile

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.