Grandview Asset Management LLC reduced its position in Honeywell International Inc. (NYSE:HON) by 4.0% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 2,168 shares of the conglomerate’s stock after selling 91 shares during the quarter. Grandview Asset Management LLC’s holdings in Honeywell International were worth $379,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Geode Capital Management LLC increased its position in Honeywell International by 5.3% in the 4th quarter. Geode Capital Management LLC now owns 9,444,396 shares of the conglomerate’s stock worth $1,245,566,000 after purchasing an additional 478,988 shares during the last quarter. Northern Trust Corp increased its holdings in shares of Honeywell International by 2.9% during the 4th quarter. Northern Trust Corp now owns 8,702,224 shares of the conglomerate’s stock valued at $1,149,738,000 after acquiring an additional 241,715 shares during the last quarter. Clearbridge Investments LLC increased its holdings in shares of Honeywell International by 8.5% during the 1st quarter. Clearbridge Investments LLC now owns 6,918,765 shares of the conglomerate’s stock valued at $1,099,530,000 after acquiring an additional 544,684 shares during the last quarter. Legal & General Group Plc increased its holdings in shares of Honeywell International by 5.6% during the 4th quarter. Legal & General Group Plc now owns 3,586,190 shares of the conglomerate’s stock valued at $473,778,000 after acquiring an additional 191,120 shares during the last quarter. Finally, Thoroughbred Financial Services LLC increased its holdings in shares of Honeywell International by 18,092.3% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 2,553,654 shares of the conglomerate’s stock valued at $255,365,000 after acquiring an additional 2,539,617 shares during the last quarter. 75.69% of the stock is currently owned by institutional investors.

NYSE:HON traded down $0.16 during mid-day trading on Friday, hitting $173.61. 1,758,850 shares of the company’s stock traded hands, compared to its average volume of 2,116,767. The firm’s 50 day moving average price is $174.35. Honeywell International Inc. has a 12 month low of $123.48 and a 12 month high of $178.47. The company has a market capitalization of $124.91 billion, a price-to-earnings ratio of 21.67, a price-to-earnings-growth ratio of 2.31 and a beta of 1.10. The company has a quick ratio of 0.96, a current ratio of 1.19 and a debt-to-equity ratio of 0.48.

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

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Friday, August 16th will be paid a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 1.89%. Honeywell International’s payout ratio is 40.95%.

In related news, CEO Vimal Kapur sold 5,000 shares of the stock in a transaction that occurred on Monday, May 20th. The stock was 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 accessible through this hyperlink. 0.73% of the stock is owned by corporate insiders.

A number of brokerages have recently commented on HON. Jefferies Financial Group set a $130.00 price objective on American Express and gave the company a “hold” rating in a report on Friday, July 19th. Credit Suisse Group set a $203.00 price objective on Union Pacific and gave the company a “buy” rating in a report on Friday, July 19th. Morgan Stanley set a $620.00 price objective on Intuitive Surgical and gave the company a “buy” rating in a report on Friday, July 19th. Barclays set a $89.00 price objective on Franco Nevada and gave the company a “hold” rating in a report on Friday, July 19th. Finally, Deutsche Bank increased their price objective on Keysight Technologies from $100.00 to $120.00 and gave the company a “buy” rating in a report on Monday, April 22nd. Three analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $183.15.

Honeywell International Profile

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.

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

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