E&G Advisors LP cut its holdings in shares of Honeywell International Inc. (NYSE:HON) by 41.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,400 shares of the conglomerate’s stock after selling 1,000 shares during the period. E&G Advisors LP’s holdings in Honeywell International were worth $222,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in the business. Bfsg LLC acquired a new stake in shares of Honeywell International in the 1st quarter valued at approximately $216,000. Cobiz Wealth LLC raised its position in shares of Honeywell International by 1.7% in the 1st quarter. Cobiz Wealth LLC now owns 54,683 shares of the conglomerate’s stock valued at $8,690,000 after acquiring an additional 924 shares during the period. Pennsylvania Trust Co raised its position in shares of Honeywell International by 4.4% in the 1st quarter. Pennsylvania Trust Co now owns 130,992 shares of the conglomerate’s stock valued at $20,817,000 after acquiring an additional 5,574 shares during the period. RNC Capital Management LLC acquired a new stake in shares of Honeywell International in the 1st quarter valued at approximately $424,000. Finally, IFM Investors Pty Ltd raised its position in shares of Honeywell International by 10.3% in the 1st quarter. IFM Investors Pty Ltd now owns 47,402 shares of the conglomerate’s stock valued at $7,533,000 after acquiring an additional 4,438 shares during the period. Institutional investors own 75.46% of the company’s stock.
A number of brokerages recently weighed in on HON. ValuEngine upgraded shares of Honeywell International from a “hold” rating to a “buy” rating in a research report on Wednesday, May 1st. Zacks Investment Research upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and set a $182.00 price target on the stock in a research report on Monday, April 22nd. Deutsche Bank increased their price target on shares of Honeywell International from $174.00 to $187.00 and gave the company a “buy” rating in a research report on Monday, April 22nd. Morgan Stanley increased their price target on shares of Honeywell International from $165.00 to $183.00 and gave the company an “overweight” rating in a research report on Monday, April 22nd. Finally, Credit Suisse Group raised their target price on shares of Honeywell International from $170.00 to $185.00 and gave the stock an “outperform” rating in a report on Tuesday, April 23rd. 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’s stock. The company currently has a consensus rating of “Buy” and an average target price of $175.20.
Shares of HON stock opened at $169.38 on Thursday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.01 and a current ratio of 1.24. The company has a market cap of $121.89 billion, a price-to-earnings ratio of 21.15, a P/E/G ratio of 2.26 and a beta of 1.12. Honeywell International Inc. has a 52 week low of $123.48 and a 52 week high of $174.34.
Honeywell International (NYSE:HON) last announced its earnings results on Thursday, April 18th. The conglomerate reported $1.92 EPS for the quarter, topping the consensus estimate of $1.83 by $0.09. The firm had revenue of $8.88 billion for the quarter, compared to the consensus estimate of $8.63 billion. Honeywell International had a net margin of 16.73% and a return on equity of 32.46%. The business’s quarterly revenue was down 14.5% on a year-over-year basis. During the same period last year, the company posted $1.95 EPS. On average, analysts forecast that Honeywell International Inc. will post 8.11 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 24th will be issued a dividend of $0.82 per share. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a $3.28 annualized dividend and a yield of 1.94%. Honeywell International’s dividend payout ratio (DPR) is currently 40.95%.
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About Honeywell International
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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