Toroso Investments LLC decreased its position in Honeywell International Inc. (NYSE:HON) by 6.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,675 shares of the conglomerate’s stock after selling 115 shares during the quarter. Toroso Investments LLC’s holdings in Honeywell International were worth $224,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently modified their holdings of the company. Equitable Trust Co. grew its position in shares of Honeywell International by 0.4% in the 4th quarter. Equitable Trust Co. now owns 15,963 shares of the conglomerate’s stock worth $2,825,000 after acquiring an additional 56 shares in the last quarter. Keudell Morrison Wealth Management grew its position in shares of Honeywell International by 2.8% in the 4th quarter. Keudell Morrison Wealth Management now owns 2,090 shares of the conglomerate’s stock worth $370,000 after acquiring an additional 57 shares in the last quarter. Johnson Investment Counsel Inc. grew its position in shares of Honeywell International by 0.3% in the 4th quarter. Johnson Investment Counsel Inc. now owns 17,712 shares of the conglomerate’s stock worth $3,135,000 after acquiring an additional 57 shares in the last quarter. InterOcean Capital LLC grew its position in shares of Honeywell International by 4.8% in the 4th quarter. InterOcean Capital LLC now owns 1,276 shares of the conglomerate’s stock worth $226,000 after acquiring an additional 58 shares in the last quarter. Finally, Pacitti Group Inc. grew its position in shares of Honeywell International by 2.3% in the 4th quarter. Pacitti Group Inc. now owns 2,942 shares of the conglomerate’s stock worth $521,000 after acquiring an additional 66 shares in the last quarter. Institutional investors own 77.14% of the company’s stock.
Shares of Honeywell International stock opened at $139.18 on Friday. The business’s fifty day moving average price is $135.07 and its two-hundred day moving average price is $161.31. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.30 and a quick ratio of 1.04. The company has a market capitalization of $96.64 billion, a P/E ratio of 16.00, a PEG ratio of 2.67 and a beta of 1.04. Honeywell International Inc. has a 1-year low of $101.08 and a 1-year high of $184.06.
Honeywell International (NYSE:HON) last posted its quarterly earnings data on Friday, May 1st. The conglomerate reported $2.21 EPS for the quarter, topping the Zacks’ consensus estimate of $1.96 by $0.25. Honeywell International had a return on equity of 33.60% and a net margin of 17.38%. The company had revenue of $8.46 billion for the quarter, compared to the consensus estimate of $8.56 billion. During the same quarter in the previous year, the business earned $1.92 EPS. The company’s quarterly revenue was down 4.7% compared to the same quarter last year. On average, research analysts expect that Honeywell International Inc. will post 6.93 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Friday, May 15th will be paid a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.59%. The ex-dividend date of this dividend is Thursday, May 14th. Honeywell International’s dividend payout ratio is presently 44.12%.
A number of research firms recently issued reports on HON. Daiwa Capital Markets upgraded Honeywell International from a “neutral” rating to an “outperform” rating and set a $129.00 price objective for the company in a research report on Sunday, March 22nd. HSBC upgraded Honeywell International from a “hold” rating to a “buy” rating and boosted their price objective for the company from $138.00 to $158.00 in a research report on Thursday. JPMorgan Chase & Co. reduced their price objective on Honeywell International from $155.00 to $145.00 and set an “overweight” rating for the company in a research report on Tuesday, May 5th. Deutsche Bank lowered Honeywell International from a “buy” rating to a “hold” rating and reduced their price objective for the company from $165.00 to $149.00 in a research report on Monday, May 4th. Finally, Morgan Stanley boosted their price objective on Honeywell International from $130.00 to $137.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 5th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $156.47.
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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