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

Wealth Alliance LLC decreased its holdings in Honeywell International Inc. (NASDAQ:HON - Free Report) by 31.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,917 shares of the conglomerate's stock after selling 2,220 shares during the period. Wealth Alliance LLC's holdings in Honeywell International were worth $1,041,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Capital World Investors purchased a new position in Honeywell International during the fourth quarter worth about $1,594,216,000. GAMMA Investing LLC grew its position in shares of Honeywell International by 20,894.0% in the first quarter. GAMMA Investing LLC now owns 1,326,614 shares of the conglomerate's stock valued at $2,809,110,000 after purchasing an additional 1,320,295 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd boosted its position in Honeywell International by 592.0% during the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 867,665 shares of the conglomerate's stock worth $183,728,000 after acquiring an additional 742,281 shares during the last quarter. Demars Financial Group LLC acquired a new stake in Honeywell International during the fourth quarter worth approximately $155,407,000. Finally, Geode Capital Management LLC raised its stake in Honeywell International by 4.4% during the fourth quarter. Geode Capital Management LLC now owns 14,988,152 shares of the conglomerate's stock worth $3,379,568,000 after purchasing an additional 627,422 shares during the period. Institutional investors and hedge funds own 75.91% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on HON. Royal Bank Of Canada reissued a "sector perform" rating and issued a $226.00 price objective on shares of Honeywell International in a research report on Wednesday, June 25th. Bank of America upgraded shares of 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. Mizuho boosted their target price on shares of Honeywell International from $235.00 to $250.00 and gave the stock an "outperform" rating in a report on Friday, May 16th. Barclays lifted their target price on shares of Honeywell International from $258.00 to $265.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 9th. Finally, 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. Eight research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $250.79.

Honeywell International Stock Down 0.8%

Honeywell International stock opened at $236.54 on Monday. The company has a quick ratio of 0.95, a current ratio of 1.25 and a debt-to-equity ratio of 1.43. The company has a market capitalization of $152.02 billion, a P/E ratio of 27.19, a P/E/G ratio of 2.69 and a beta of 1.07. The firm has a 50 day moving average price of $228.22 and a 200-day moving average price of $216.59. Honeywell International Inc. has a twelve month low of $179.36 and a twelve month high of $242.77.

Honeywell International (NASDAQ:HON - Get Free Report) last posted its earnings results on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analysts' expectations of $9.59 billion. During the same period in the prior year, the company posted $2.25 EPS. The business's revenue for the quarter was up 7.9% compared to the same quarter last year. As a group, equities analysts predict that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Dividend Announcement

The firm also recently declared 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. The ex-dividend date was Friday, May 16th. This represents a $4.52 dividend on an annualized basis and a yield of 1.91%. Honeywell International's dividend payout ratio (DPR) is currently 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.

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