Dupont Capital Management Corp cut its position in Honeywell International Inc. (NYSE:HON) by 65.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 19,107 shares of the conglomerate’s stock after selling 35,646 shares during the period. Dupont Capital Management Corp’s holdings in Honeywell International were worth $2,763,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. Campbell Wealth Management acquired a new position in shares of Honeywell International in the second quarter valued at about $26,000. CVA Family Office LLC acquired a new position in shares of Honeywell International in the first quarter valued at about $32,000. Aigen Investment Management LP acquired a new position in shares of Honeywell International in the first quarter valued at about $35,000. Westside Investment Management Inc. acquired a new stake in Honeywell International during the first quarter worth about $36,000. Finally, Pathstone Family Office LLC acquired a new stake in Honeywell International during the first quarter worth about $37,000. 76.31% of the stock is currently owned by institutional investors and hedge funds.
Several research firms recently commented on HON. UBS Group dropped their target price on Honeywell International from $143.00 to $136.00 and set a “neutral” rating on the stock in a report on Friday, May 8th. Langenberg & Company reaffirmed a “buy” rating and set a $165.00 target price on shares of Honeywell International in a report on Friday, May 1st. Zacks Investment Research lowered Honeywell International from a “hold” rating to a “sell” rating and set a $146.00 target price on the stock. in a report on Monday, May 4th. Morgan Stanley raised their target price on Honeywell International from $137.00 to $147.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 14th. Finally, William Blair reaffirmed a “market perform” rating on shares of Honeywell International in a report on Monday, May 4th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $153.44.
NYSE HON opened at $149.43 on Monday. The company has a market cap of $104.88 billion, a PE ratio of 19.64, a price-to-earnings-growth ratio of 2.90 and a beta of 1.03. The stock’s 50 day simple moving average is $147.93 and its 200-day simple moving average is $151.77. Honeywell International Inc. has a 1-year low of $101.08 and a 1-year high of $184.06. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.63 and a quick ratio of 1.36.
Honeywell International (NYSE:HON) last released its earnings results on Friday, July 24th. The conglomerate reported $1.26 earnings per share for the quarter, beating the consensus estimate of $1.15 by $0.11. The business had revenue of $7.48 billion for the quarter, compared to the consensus estimate of $7.28 billion. Honeywell International had a return on equity of 29.93% and a net margin of 16.94%. The business’s quarterly revenue was down 19.1% compared to the same quarter last year. During the same quarter last year, the business posted $2.10 earnings per share. On average, equities research analysts anticipate that Honeywell International Inc. will post 6.92 EPS for the current fiscal year.
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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