E Fund Management Co. Ltd. Sells 1,113 Shares of Honeywell International Inc. (NASDAQ:HON)

E Fund Management Co. Ltd. decreased its position in Honeywell International Inc. (NASDAQ:HON) by 15.5% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,083 shares of the conglomerate’s stock after selling 1,113 shares during the period. E Fund Management Co. Ltd.’s holdings in Honeywell International were worth $1,262,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Indiana Trust & Investment Management CO lifted its position in Honeywell International by 0.9% in the 2nd quarter. Indiana Trust & Investment Management CO now owns 5,713 shares of the conglomerate’s stock valued at $1,185,000 after acquiring an additional 50 shares in the last quarter. L. Roy Papp & Associates LLP lifted its holdings in shares of Honeywell International by 1.7% in the second quarter. L. Roy Papp & Associates LLP now owns 3,014 shares of the conglomerate’s stock valued at $625,000 after purchasing an additional 50 shares in the last quarter. 1776 Wealth LLC boosted its position in shares of Honeywell International by 2.7% during the fourth quarter. 1776 Wealth LLC now owns 1,918 shares of the conglomerate’s stock worth $411,000 after buying an additional 50 shares during the period. Exchange Capital Management Inc. grew its holdings in shares of Honeywell International by 0.3% during the second quarter. Exchange Capital Management Inc. now owns 16,947 shares of the conglomerate’s stock worth $3,517,000 after buying an additional 52 shares in the last quarter. Finally, Key Financial Inc raised its position in Honeywell International by 3.9% in the 2nd quarter. Key Financial Inc now owns 1,392 shares of the conglomerate’s stock valued at $289,000 after buying an additional 52 shares during the last quarter. Institutional investors own 74.61% of the company’s stock.

Honeywell International Price Performance

HON traded down $0.73 on Tuesday, reaching $191.07. The stock had a trading volume of 428,671 shares, compared to its average volume of 2,777,640. The firm has a 50-day moving average of $186.31 and a 200-day moving average of $192.66. Honeywell International Inc. has a fifty-two week low of $174.88 and a fifty-two week high of $220.96. The company has a market capitalization of $125.96 billion, a price-to-earnings ratio of 23.77, a price-to-earnings-growth ratio of 2.45 and a beta of 1.05. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.94.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings data on Thursday, October 26th. The conglomerate reported $2.27 earnings per share for the quarter, beating analysts’ consensus estimates of $2.23 by $0.04. Honeywell International had a return on equity of 34.63% and a net margin of 14.87%. The business had revenue of $9.21 billion during the quarter, compared to the consensus estimate of $9.23 billion. During the same period in the prior year, the business posted $2.25 earnings per share. Honeywell International’s quarterly revenue was up 2.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Honeywell International Inc. will post 9.16 EPS for the current year.

Honeywell International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, November 10th will be paid a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.26%. This is an increase from Honeywell International’s previous quarterly dividend of $1.03. The ex-dividend date of this dividend is Thursday, November 9th. Honeywell International’s payout ratio is currently 53.53%.

Analysts Set New Price Targets

A number of research firms have recently commented on HON. Wells Fargo & Company reduced their price objective on shares of Honeywell International from $205.00 to $190.00 in a research note on Monday, October 9th. UBS Group lowered their price target on Honeywell International from $185.00 to $180.00 and set a “sell” rating on the stock in a research report on Friday, July 28th. StockNews.com raised Honeywell International from a “hold” rating to a “buy” rating in a report on Friday, November 3rd. Finally, Morgan Stanley boosted their target price on shares of 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, five have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $214.75.

Honeywell International Company 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.