Sheaff Brock Investment Advisors LLC lessened its holdings in shares of Honeywell International Inc. (NYSE:HON) by 16.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,523 shares of the conglomerate’s stock after selling 923 shares during the period. Sheaff Brock Investment Advisors LLC’s holdings in Honeywell International were worth $719,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in the business. Cordasco Financial Network bought a new position in Honeywell International in the 1st quarter valued at approximately $25,000. Capital Financial Planning LLC bought a new position in Honeywell International in the 4th quarter valued at approximately $26,000. Riverview Trust Co bought a new position in Honeywell International in the 4th quarter valued at approximately $31,000. Semmax Financial Advisors Inc. bought a new position in Honeywell International in the 4th quarter valued at approximately $33,000. Finally, Canton Hathaway LLC lifted its stake in Honeywell International by 289.1% in the 1st quarter. Canton Hathaway LLC now owns 214 shares of the conglomerate’s stock valued at $34,000 after purchasing an additional 159 shares during the last quarter. Hedge funds and other institutional investors own 75.69% of the company’s stock.
Shares of NYSE HON traded down $0.35 during midday trading on Wednesday, hitting $173.59. The company’s stock had a trading volume of 1,815,700 shares, compared to its average volume of 2,825,549. The company has a quick ratio of 1.01, a current ratio of 1.24 and a debt-to-equity ratio of 0.45. Honeywell International Inc. has a one year low of $123.48 and a one year high of $177.36. The stock has a market cap of $126.77 billion, a price-to-earnings ratio of 21.67, a price-to-earnings-growth ratio of 2.33 and a beta of 1.11. The company’s fifty day simple moving average is $170.25.
Honeywell International (NYSE:HON) last announced its quarterly earnings data on Thursday, April 18th. The conglomerate reported $1.92 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.83 by $0.09. Honeywell International had a net margin of 16.73% and a return on equity of 32.46%. The company had revenue of $8.88 billion during the quarter, compared to analysts’ expectations of $8.63 billion. During the same quarter in the prior year, the company earned $1.95 EPS. The firm’s revenue was down 14.5% on a year-over-year basis. As a group, analysts expect that Honeywell International Inc. will post 8.1 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 24th were issued a dividend of $0.82 per share. The ex-dividend date was Thursday, May 23rd. This represents a $3.28 dividend on an annualized basis and a yield of 1.89%. Honeywell International’s dividend payout ratio is currently 40.95%.
In related news, CEO Vimal Kapur sold 5,000 shares of the company’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $169.58, for a total transaction of $847,900.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.73% of the company’s stock.
Several brokerages recently commented on HON. Zacks Investment Research downgraded shares of Honeywell International from a “buy” rating to a “hold” rating in a research note on Tuesday, April 9th. Credit Suisse Group raised their price target on shares of Honeywell International from $170.00 to $185.00 and gave the company an “outperform” rating in a research note on Tuesday, April 23rd. ValuEngine raised shares of Honeywell International from a “hold” rating to a “buy” rating in a research note on Wednesday, May 1st. Deutsche Bank raised their price target on shares of Honeywell International from $174.00 to $187.00 and gave the company a “buy” rating in a research note on Monday, April 22nd. Finally, Morgan Stanley raised their price target on shares of Honeywell International from $165.00 to $183.00 and gave the company an “overweight” rating in a research note on Monday, April 22nd. Three research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $175.20.
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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