Honeywell International Inc. (NASDAQ:HON) Shares Sold by Diversify Wealth Management LLC

Diversify Wealth Management LLC decreased its holdings in Honeywell International Inc. (NASDAQ:HON - Free Report) by 79.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,533 shares of the conglomerate's stock after selling 9,841 shares during the quarter. Diversify Wealth Management LLC's holdings in Honeywell International were worth $536,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its position in Honeywell International by 9.1% during the 4th quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate's stock worth $4,302,000 after purchasing an additional 1,582 shares in the last quarter. Proficio Capital Partners LLC grew its position in Honeywell International by 40.8% during the 4th quarter. Proficio Capital Partners LLC now owns 2,635 shares of the conglomerate's stock worth $595,000 after purchasing an additional 764 shares in the last quarter. one8zero8 LLC purchased a new position in Honeywell International during the 4th quarter worth approximately $511,000. Avalon Trust Co grew its position in Honeywell International by 166.7% during the 4th quarter. Avalon Trust Co now owns 120 shares of the conglomerate's stock worth $27,000 after purchasing an additional 75 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. grew its position in Honeywell International by 1.2% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 71,235 shares of the conglomerate's stock worth $16,091,000 after purchasing an additional 855 shares in the last quarter. Institutional investors and hedge funds own 75.91% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on HON shares. Mizuho lifted their price objective on shares of Honeywell International from $235.00 to $250.00 and gave the stock an "outperform" rating in a research report on Friday, May 16th. Wall Street Zen upgraded shares of Honeywell International from a "hold" rating to a "buy" rating in a research report on Thursday, May 15th. Wells Fargo & Company lifted their price objective on shares of Honeywell International from $225.00 to $240.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 1st. Citigroup boosted their price target on shares of Honeywell International from $242.00 to $265.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Finally, Bank of America upgraded shares of Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price target on the stock in a report on Wednesday, May 7th. Eight research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Honeywell International has an average rating of "Moderate Buy" and an average price target of $250.79.

Honeywell International Stock Down 0.4%

HON stock opened at $235.93 on Monday. 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 1 year low of $179.36 and a 1 year high of $242.77. The company has a fifty day simple moving average of $225.84 and a 200 day simple moving average of $216.23. The firm has a market cap of $151.63 billion, a PE ratio of 27.12, a PEG ratio of 2.68 and a beta of 1.07.

Honeywell International (NASDAQ:HON - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.21 by $0.30. Honeywell International had a net margin of 14.51% and a return on equity of 36.19%. The business had revenue of $9.82 billion during the quarter, compared to analyst estimates of $9.59 billion. During the same quarter in the previous year, the business earned $2.25 EPS. Honeywell International's quarterly 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 fiscal year.

Honeywell International Announces Dividend

The company also recently announced 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 1.92%. The ex-dividend date of this dividend was Friday, May 16th. Honeywell International's dividend payout ratio is 51.95%.

About Honeywell International

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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