Sigma Investment Counselors Inc. Has $318,000 Position in Honeywell International Inc. (NASDAQ:HON)

Sigma Investment Counselors Inc. increased its position in shares of Honeywell International Inc. (NASDAQ:HONGet Rating) by 42.8% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 1,831 shares of the conglomerate’s stock after purchasing an additional 549 shares during the quarter. Sigma Investment Counselors Inc.’s holdings in Honeywell International were worth $318,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Oliver Lagore Vanvalin Investment Group acquired a new stake in shares of Honeywell International in the first quarter valued at about $25,000. TFO TDC LLC bought a new position in Honeywell International in the first quarter worth approximately $30,000. Rather & Kittrell Inc. bought a new position in Honeywell International in the fourth quarter worth approximately $32,000. Rational Advisors LLC boosted its holdings in Honeywell International by 69.4% in the first quarter. Rational Advisors LLC now owns 183 shares of the conglomerate’s stock worth $36,000 after acquiring an additional 75 shares in the last quarter. Finally, San Luis Wealth Advisors LLC bought a new position in shares of Honeywell International in the first quarter valued at approximately $43,000. 74.74% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Honeywell International news, CFO Gregory P. Lewis sold 5,011 shares of the stock in a transaction on Thursday, July 28th. The stock was sold at an average price of $190.00, for a total value of $952,090.00. Following the completion of the sale, the chief financial officer now owns 43,625 shares in the company, valued at approximately $8,288,750. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.45% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

HON has been the topic of a number of recent research reports. Cowen set a $205.00 target price on Honeywell International in a report on Tuesday, July 19th. Mizuho decreased their price target on Honeywell International from $235.00 to $225.00 and set a “buy” rating for the company in a research report on Monday, July 18th. Royal Bank of Canada increased their price target on Honeywell International from $184.00 to $193.00 in a research report on Friday, July 29th. Morgan Stanley decreased their price target on Honeywell International from $194.00 to $192.00 and set an “equal weight” rating for the company in a research report on Friday, July 29th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on Honeywell International from $230.00 to $211.00 and set a “buy” rating for the company in a research report on Wednesday, July 13th. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, Honeywell International has a consensus rating of “Moderate Buy” and a consensus target price of $210.08.

Honeywell International Stock Performance

Shares of NASDAQ HON traded down $2.36 during midday trading on Friday, hitting $170.89. 98,251 shares of the stock traded hands, compared to its average volume of 2,878,215. The firm has a 50-day moving average of $191.18 and a two-hundred day moving average of $188.65. The firm has a market capitalization of $115.13 billion, a P/E ratio of 23.64, a PEG ratio of 2.10 and a beta of 1.06. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.92 and a current ratio of 1.20. Honeywell International Inc. has a one year low of $167.35 and a one year high of $228.26.

Honeywell International (NASDAQ:HONGet Rating) last posted its quarterly earnings data on Thursday, July 28th. The conglomerate reported $2.10 EPS for the quarter, topping the consensus estimate of $2.03 by $0.07. The firm had revenue of $8.95 billion during the quarter, compared to analyst estimates of $8.67 billion. Honeywell International had a return on equity of 30.17% and a net margin of 14.74%. Honeywell International’s revenue was up 1.6% on a year-over-year basis. During the same period in the prior year, the business posted $2.02 EPS. On average, equities analysts forecast that Honeywell International Inc. will post 8.68 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 2nd. Stockholders of record on Friday, August 12th were paid a $0.98 dividend. The ex-dividend date of this dividend was Thursday, August 11th. This represents a $3.92 annualized dividend and a dividend yield of 2.29%. Honeywell International’s dividend payout ratio (DPR) is 53.48%.

Honeywell International Profile

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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; thermal systems, as well as wireless connectivity and management services.

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

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