Avestar Capital LLC Decreases Stock Holdings in Honeywell International Inc. (NYSE:HON)

Avestar Capital LLC lowered its stake in Honeywell International Inc. (NYSE:HON) by 7.3% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 2,789 shares of the conglomerate’s stock after selling 221 shares during the quarter. Avestar Capital LLC’s holdings in Honeywell International were worth $403,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the stock. Capital World Investors boosted its stake in Honeywell International by 28.1% in the 1st quarter. Capital World Investors now owns 24,461,672 shares of the conglomerate’s stock worth $3,272,727,000 after purchasing an additional 5,361,064 shares during the period. Franklin Resources Inc. boosted its position in shares of Honeywell International by 45.8% during the 1st quarter. Franklin Resources Inc. now owns 9,816,298 shares of the conglomerate’s stock valued at $1,313,305,000 after acquiring an additional 3,085,548 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Honeywell International by 11.4% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 25,221,633 shares of the conglomerate’s stock valued at $3,374,402,000 after acquiring an additional 2,587,342 shares during the last quarter. Alliancebernstein L.P. boosted its position in shares of Honeywell International by 53.3% during the 1st quarter. Alliancebernstein L.P. now owns 5,805,579 shares of the conglomerate’s stock valued at $776,728,000 after acquiring an additional 2,019,323 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Honeywell International by 34.3% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,862,901 shares of the conglomerate’s stock valued at $516,818,000 after acquiring an additional 986,782 shares during the last quarter. Institutional investors and hedge funds own 76.31% of the company’s stock.

A number of research firms have recently commented on HON. Oppenheimer reiterated a “hold” rating on shares of Honeywell International in a research report on Friday, May 1st. Morgan Stanley increased their price target on Honeywell International from $147.00 to $160.00 and gave the company an “equal weight” rating in a report on Monday, July 27th. Deutsche Bank decreased their price target on Honeywell International from $163.00 to $153.00 and set a “hold” rating on the stock in a report on Monday, July 27th. Argus restated a “buy” rating and set a $165.00 price target on shares of Honeywell International in a report on Tuesday. Finally, Credit Suisse Group increased their price target on Honeywell International from $166.00 to $170.00 and gave the company an “outperform” rating in a report on Monday, July 27th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $160.06.

Shares of Honeywell International stock opened at $149.37 on Friday. The firm has a market cap of $104.69 billion, a P/E ratio of 18.37, a P/E/G ratio of 2.80 and a beta of 1.03. The company has a current ratio of 1.63, a quick ratio of 1.36 and a debt-to-equity ratio of 0.96. Honeywell International Inc. has a 12 month low of $101.08 and a 12 month high of $184.06. The stock’s fifty day moving average price is $146.81 and its 200-day moving average price is $150.80.

Honeywell International (NYSE:HON) last announced its quarterly earnings results on Friday, July 24th. The conglomerate reported $1.26 EPS for the quarter, beating the consensus estimate of $1.15 by $0.11. The firm had revenue of $7.48 billion for the quarter, compared to analyst estimates of $7.28 billion. Honeywell International had a return on equity of 29.93% and a net margin of 16.94%. The business’s revenue for the quarter was down 19.1% on a year-over-year basis. During the same quarter last year, the firm posted $2.10 earnings per share. Analysts forecast that Honeywell International Inc. will post 6.92 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Investors of record on Friday, August 14th will be given a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 2.41%. Honeywell International’s payout ratio is currently 44.12%.

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

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