Coastline Trust Co lessened its position in Honeywell International Inc. (NASDAQ:HON - Free Report) by 19.6% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,287 shares of the conglomerate's stock after selling 1,778 shares during the quarter. Coastline Trust Co's holdings in Honeywell International were worth $1,543,000 as of its most recent filing with the SEC.
Other hedge funds have also made changes to their positions in the company. Mainstream Capital Management LLC purchased a new position in Honeywell International during the fourth quarter valued at approximately $25,000. Avalon Trust Co lifted its position in Honeywell International by 166.7% in the 4th quarter. Avalon Trust Co now owns 120 shares of the conglomerate's stock worth $27,000 after buying an additional 75 shares in the last quarter. Mpwm Advisory Solutions LLC acquired a new stake in shares of Honeywell International during the 4th quarter valued at $29,000. Accredited Wealth Management LLC purchased a new position in shares of Honeywell International during the 4th quarter valued at $34,000. Finally, Curio Wealth LLC acquired a new position in shares of Honeywell International in the fourth quarter worth $35,000. Hedge funds and other institutional investors own 75.91% of the company's stock.
Honeywell International Stock Performance
Honeywell International stock traded up $1.26 on Friday, reaching $240.52. 1,903,189 shares of the stock were exchanged, compared to its average volume of 3,853,027. The company has a current ratio of 1.25, a quick ratio of 0.95 and a debt-to-equity ratio of 1.43. Honeywell International Inc. has a twelve month low of $179.36 and a twelve month high of $242.77. The firm has a fifty day moving average price of $222.98 and a two-hundred day moving average price of $215.99. The stock has a market cap of $154.57 billion, a PE ratio of 27.65, a PEG ratio of 2.75 and a beta of 1.07.
Honeywell International (NASDAQ:HON - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share for the quarter, topping the consensus estimate of $2.21 by $0.30. Honeywell International had a return on equity of 36.19% and a net margin of 14.51%. The business had revenue of $9.82 billion during the quarter, compared to analysts' expectations of $9.59 billion. During the same quarter in the previous year, the firm earned $2.25 EPS. The firm's revenue was up 7.9% compared to the same quarter last year. Sell-side analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current year.
Honeywell International Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 16th were given a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date was Friday, May 16th. Honeywell International's dividend payout ratio (DPR) is currently 51.95%.
Wall Street Analysts Forecast Growth
A number of research analysts have commented on HON shares. Wall Street Zen upgraded Honeywell International from a "hold" rating to a "buy" rating in a research note on Thursday, May 15th. Wells Fargo & Company boosted their price target on Honeywell International from $225.00 to $240.00 and gave the company an "equal weight" rating in a research note on Tuesday. Mizuho raised their price objective on shares of Honeywell International from $235.00 to $250.00 and gave the company an "outperform" rating in a research report on Friday, May 16th. Bank of America upgraded shares of Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 target price for the company in a research note on Wednesday, May 7th. Finally, Royal Bank Of Canada restated a "sector perform" rating and set a $226.00 price target on shares of Honeywell International in a research note on Wednesday, June 25th. Eight analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $250.29.
Get Our Latest Report on Honeywell International
Honeywell International Company Profile
(
Free Report)
Honeywell International Inc engages in the aerospace technologies, building automation, energy and sustainable solutions, and industrial automation businesses in the United States, Europe, and internationally. The company's 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; and thermal systems, as well as wireless connectivity services.
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