Quad Cities Investment Group LLC Decreases Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

Quad Cities Investment Group LLC cut its holdings in Honeywell International Inc. (NASDAQ:HON) by 12.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,004 shares of the conglomerate’s stock after selling 139 shares during the quarter. Quad Cities Investment Group LLC’s holdings in Honeywell International were worth $208,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Knuff & Co LLC bought a new position in Honeywell International during the first quarter valued at $31,000. True Wealth Design LLC bought a new position in Honeywell International during the 4th quarter valued at about $31,000. Magellan Asset Management Ltd purchased a new stake in Honeywell International in the 1st quarter worth about $32,000. Manitou Investment Management Ltd. bought a new stake in Honeywell International in the first quarter worth about $32,000. Finally, Raleigh Capital Management Inc. boosted its position in shares of Honeywell International by 47.4% during the first quarter. Raleigh Capital Management Inc. now owns 168 shares of the conglomerate’s stock valued at $32,000 after buying an additional 54 shares during the period. Hedge funds and other institutional investors own 74.61% of the company’s stock.

Honeywell International Trading Up 0.7 %

HON opened at $194.46 on Tuesday. Honeywell International Inc. has a 12 month low of $166.63 and a 12 month high of $220.96. The stock has a fifty day moving average price of $191.94 and a 200-day moving average price of $195.48. The firm has a market cap of $129.11 billion, a price-to-earnings ratio of 24.07, a PEG ratio of 2.36 and a beta of 1.07. The company has a current ratio of 1.41, a quick ratio of 1.07 and a debt-to-equity ratio of 0.98.

Honeywell International (NASDAQ:HON) last released its quarterly earnings results on Thursday, July 27th. The conglomerate reported $2.23 earnings per share for the quarter, beating analysts’ consensus estimates of $2.20 by $0.03. Honeywell International had a net margin of 15.08% and a return on equity of 34.46%. The business had revenue of $9.10 billion for the quarter, compared to analysts’ expectations of $9.17 billion. During the same period last year, the business earned $2.10 EPS. The company’s revenue was up 1.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Honeywell International Inc. will post 9.16 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 2.12%. Honeywell International’s payout ratio is 50.99%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on HON. UBS Group decreased their price target on Honeywell International from $185.00 to $180.00 and set a “sell” rating for the company in a research note on Friday, July 28th. Morgan Stanley boosted their target price on shares of Honeywell International from $219.00 to $221.00 in a research note on Friday, July 28th. Finally, StockNews.com initiated coverage on shares of Honeywell International in a research note on Monday, August 21st. They issued a “hold” rating on the stock. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $215.07.

About Honeywell International

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.