Connors Investor Services Inc. Has $12.67 Million Holdings in Honeywell International Inc. (NASDAQ:HON)

Connors Investor Services Inc. lowered its position in Honeywell International Inc. (NASDAQ:HON) by 5.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 59,335 shares of the conglomerate’s stock after selling 3,246 shares during the period. Connors Investor Services Inc.’s holdings in Honeywell International were worth $12,670,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of HON. LGT Group Foundation bought a new stake in shares of Honeywell International during the first quarter valued at approximately $26,000. Scarborough Advisors LLC acquired a new stake in shares of Honeywell International in the 4th quarter valued at $27,000. Richardson Capital Management LLC bought a new stake in shares of Honeywell International during the first quarter worth $35,000. Financial Connections Group Inc. bought a new position in Honeywell International in the second quarter valued at about $38,000. Finally, Pathway Financial Advisers LLC bought a new stake in Honeywell International during the 1st quarter worth about $39,000. 75.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

HON has been the topic of several recent research reports. StockNews.com lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a research note on Friday, August 30th. Royal Bank of Canada cut their price target on Honeywell International from $218.00 to $214.00 and set a “sector perform” rating on the stock in a research note on Friday, July 26th. UBS Group upgraded Honeywell International from a “sell” rating to a “neutral” rating and upped their price objective for the company from $175.00 to $215.00 in a report on Monday, June 10th. Wells Fargo & Company cut 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 report on Friday, July 26th. Finally, Daiwa America upgraded shares of Honeywell International to a “moderate buy” rating in a report on Wednesday, June 5th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $223.13.

Honeywell International Trading Up 0.3 %

Shares of NASDAQ:HON opened at $204.68 on Tuesday. The business’s 50 day simple moving average is $205.34 and its 200 day simple moving average is $203.36. The company has a market capitalization of $133.28 billion, a P/E ratio of 23.72, a P/E/G ratio of 2.32 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 released its quarterly earnings data on Thursday, July 25th. The conglomerate reported $2.49 earnings per share for the quarter, beating the consensus estimate of $2.42 by $0.07. The business had revenue of $9.58 billion for 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%. Honeywell International’s revenue was up 4.7% compared to the same quarter last year. During the same period last year, the firm posted $2.23 earnings per share. On average, research analysts anticipate that Honeywell International Inc. will post 10.11 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 16th were paid a dividend of $1.08 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a $4.32 annualized dividend and a dividend yield of 2.11%. Honeywell International’s payout ratio is currently 50.06%.

Honeywell International 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.