Callan Family Office LLC Has $1.81 Million Position in Honeywell International Inc. (NASDAQ:HON)

Key Points

• Callan Family Office LLC has reduced its stake in Honeywell International Inc. by 23.7%, now holding 8,537 shares valued at approximately $1.8 million.
• The company recently announced a quarterly dividend of $1.13 per share, with a yield of 2.1%, set to be paid on September 5th.
• Honeywell International reported a quarterly revenue of $10.35 billion, exceeding estimates and showing an 8.1% year-over-year increase.

Callan Family Office LLC reduced its stake in Honeywell International Inc. (NASDAQ:HON - Free Report) by 23.7% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,537 shares of the conglomerate's stock after selling 2,650 shares during the period. Callan Family Office LLC's holdings in Honeywell International were worth $1,808,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Mpwm Advisory Solutions LLC bought a new stake in shares of Honeywell International in the fourth quarter valued at about $29,000. Pandora Wealth Inc. acquired a new position in shares of Honeywell International during the first quarter worth about $33,000. Accredited Wealth Management LLC acquired a new position in shares of Honeywell International during the fourth quarter worth about $34,000. Alexis Investment Partners LLC acquired a new position in shares of Honeywell International during the fourth quarter worth about $37,000. Finally, Banque de Luxembourg S.A. acquired a new position in Honeywell International during the fourth quarter valued at approximately $38,000. 75.91% of the stock is currently owned by institutional investors.

Honeywell International Price Performance

Shares of HON stock traded down $1.43 during trading hours on Friday, reaching $216.77. The company's stock had a trading volume of 2,740,896 shares, compared to its average volume of 3,965,734. The company has a quick ratio of 0.97, a current ratio of 1.29 and a debt-to-equity ratio of 1.81. Honeywell International Inc. has a fifty-two week low of $179.36 and a fifty-two week high of $242.77. The company has a market capitalization of $137.63 billion, a price-to-earnings ratio of 24.66, a PEG ratio of 2.45 and a beta of 1.08. The firm's 50 day simple moving average is $227.72 and its 200-day simple moving average is $216.72.

Honeywell International (NASDAQ:HON - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The conglomerate reported $2.75 earnings per share for the quarter, beating the consensus estimate of $2.66 by $0.09. Honeywell International had a return on equity of 37.37% and a net margin of 14.30%. The company had revenue of $10.35 billion for the quarter, compared to the consensus estimate of $10.01 billion. During the same quarter last year, the business posted $2.49 EPS. Honeywell International's revenue for the quarter was up 8.1% on a year-over-year basis. Sell-side analysts forecast 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 issued a dividend of $1.13 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a $4.52 annualized dividend and a dividend yield of 2.1%. Honeywell International's dividend payout ratio (DPR) is 51.42%.

Wall Street Analyst Weigh In

Several brokerages recently commented on HON. Bank of America raised Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price target for the company in a research report on Wednesday, May 7th. Wall Street Zen upgraded Honeywell International from a "hold" rating to a "buy" rating in a research note on Thursday, May 15th. JPMorgan Chase & Co. increased their price target on Honeywell International from $182.00 to $217.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. Citigroup increased their price target on Honeywell International from $242.00 to $265.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Finally, Barclays increased 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. Eight research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Honeywell International presently has a consensus rating of "Moderate Buy" and an average price target of $254.00.

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.