Homestead Advisers Corp Decreases Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

Homestead Advisers Corp lessened its stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 16.7% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 497,405 shares of the conglomerate's stock after selling 99,500 shares during the quarter. Honeywell International comprises approximately 2.6% of Homestead Advisers Corp's holdings, making the stock its 10th largest position. Homestead Advisers Corp owned about 0.08% of Honeywell International worth $105,326,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Mpwm Advisory Solutions LLC bought a new position in Honeywell International in the 4th quarter valued at $29,000. Accredited Wealth Management LLC bought a new position in Honeywell International in the 4th quarter valued at $34,000. Alexis Investment Partners LLC bought a new position in Honeywell International in the 4th quarter valued at $37,000. Banque de Luxembourg S.A. bought a new position in Honeywell International in the 4th quarter valued at $38,000. Finally, Garde Capital Inc. bought a new position in Honeywell International in the 1st quarter valued at $42,000. Institutional investors and hedge funds own 75.91% of the company's stock.

Wall Street Analyst Weigh In

HON has been the topic of several recent research reports. Barclays raised their price target on Honeywell International from $258.00 to $265.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 9th. Wall Street Zen upgraded Honeywell International from a "hold" rating to a "buy" rating in a report on Thursday, May 15th. Mizuho lifted their target price on Honeywell International from $235.00 to $250.00 and gave the stock an "outperform" rating in a report on Friday, May 16th. Citigroup lifted their target price on Honeywell International from $242.00 to $265.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Finally, Bank of America upgraded Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 target price on the stock in a report on Wednesday, May 7th. 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 MarketBeat.com, Honeywell International has a consensus rating of "Moderate Buy" and an average target price of $250.79.

Honeywell International Stock Down 6.2%

Shares of NASDAQ:HON traded down $14.79 during midday trading on Thursday, reaching $224.48. The company had a trading volume of 11,085,337 shares, compared to its average volume of 4,136,469. The business's 50 day moving average price is $229.34 and its 200 day moving average price is $216.95. The stock has a market cap of $144.27 billion, a PE ratio of 25.80, a P/E/G ratio of 2.69 and a beta of 1.07. The company has a quick ratio of 0.95, a current ratio of 1.25 and a debt-to-equity ratio of 1.43. Honeywell International Inc. has a 1-year low of $179.36 and a 1-year high of $242.77.

Honeywell International (NASDAQ:HON - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The conglomerate reported $2.75 earnings per share for the quarter, topping analysts' consensus estimates of $2.66 by $0.09. The firm had revenue of $10.35 billion for the quarter, compared to the consensus estimate of $10.01 billion. Honeywell International had a return on equity of 36.19% and a net margin of 14.51%. The business's 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. Research analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 6th. Shareholders 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 2.01%. The ex-dividend date of this dividend was Friday, May 16th. Honeywell International's dividend payout ratio (DPR) is presently 51.95%.

Honeywell International Company Profile

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.