GKV Capital Management Co. Inc. lessened its position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 78.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,252 shares of the conglomerate's stock after selling 4,548 shares during the period. GKV Capital Management Co. Inc.'s holdings in Honeywell International were worth $265,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Maia Wealth LLC grew its position in shares of Honeywell International by 4.1% in the 1st quarter. Maia Wealth LLC now owns 1,189 shares of the conglomerate's stock worth $238,000 after buying an additional 47 shares during the last quarter. Kirtland Hills Capital Management LLC grew its position in shares of Honeywell International by 1.1% in the 1st quarter. Kirtland Hills Capital Management LLC now owns 4,424 shares of the conglomerate's stock worth $870,000 after buying an additional 48 shares during the last quarter. Sound View Wealth Advisors Group LLC grew its position in shares of Honeywell International by 0.6% in the 1st quarter. Sound View Wealth Advisors Group LLC now owns 8,769 shares of the conglomerate's stock worth $1,857,000 after buying an additional 48 shares during the last quarter. Gateway Wealth Partners LLC grew its position in shares of Honeywell International by 2.5% in the 1st quarter. Gateway Wealth Partners LLC now owns 2,044 shares of the conglomerate's stock worth $433,000 after buying an additional 49 shares during the last quarter. Finally, Cetera Trust Company N.A grew its position in shares of Honeywell International by 0.5% in the 1st quarter. Cetera Trust Company N.A now owns 10,475 shares of the conglomerate's stock worth $2,218,000 after buying an additional 50 shares during the last quarter. Hedge funds and other institutional investors own 75.91% of the company's stock.
Honeywell International Stock Down 0.7%
NASDAQ:HON traded down $1.43 during trading hours on Friday, reaching $216.77. 2,740,896 shares of the company traded hands, compared to its average volume of 4,078,667. The business's 50-day moving average price is $227.96 and its two-hundred day moving average price is $216.78. The stock has a market capitalization of $137.63 billion, a P/E ratio of 24.66, a P/E/G ratio of 2.48 and a beta of 1.08. Honeywell International Inc. has a 1 year low of $179.36 and a 1 year high of $242.77. The company has a current ratio of 1.29, a quick ratio of 0.97 and a debt-to-equity ratio of 1.81.
Honeywell International (NASDAQ:HON - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The conglomerate reported $2.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.66 by $0.09. The business had revenue of $10.35 billion during the quarter, compared to analysts' expectations of $10.01 billion. Honeywell International had a return on equity of 37.37% and a net margin of 14.30%. The firm's quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.49 earnings per share. Analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current year.
Honeywell International Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Friday, August 15th will be given a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Friday, August 15th. Honeywell International's dividend payout ratio is 51.42%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently weighed in on the company. Bank of America upgraded Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price objective on the stock in a research report on Wednesday, May 7th. JPMorgan Chase & Co. lifted their price target on Honeywell International from $182.00 to $217.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. Wells Fargo & Company dropped their price target on Honeywell International from $240.00 to $230.00 and set an "equal weight" rating on the stock in a research report on Friday, July 25th. Citigroup lifted their price target on Honeywell International from $242.00 to $265.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Finally, Royal Bank Of Canada dropped their price target on Honeywell International from $254.00 to $253.00 and set a "sector perform" rating on the stock in a research report on Friday, July 25th. Eight equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Honeywell International has an average rating of "Moderate Buy" and a consensus price target of $254.00.
Get Our Latest Analysis on Honeywell International
About Honeywell International
(
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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