Jefferies Financial Group Inc. Sells 73,001 Shares of Honeywell International Inc. (NASDAQ:HON)

Key Points

• Jefferies Financial Group Inc. significantly reduced its stake in Honeywell International Inc. by 84.9%, selling 73,001 shares and retaining only 13,001 shares as of its recent SEC filing.
• Honeywell's stock has garnered mixed analyst ratings, with a majority holding a "Moderate Buy" average rating and a price target of $254.00, reflecting varying estimates from several research firms.
• The company announced a quarterly dividend of $1.13 per share, indicating a yield of 2.1%, with the dividend set to be paid out on September 5th.

Jefferies Financial Group Inc. cut its holdings in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 84.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,001 shares of the conglomerate's stock after selling 73,001 shares during the period. Jefferies Financial Group Inc.'s holdings in Honeywell International were worth $2,753,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Capital World Investors bought a new stake in Honeywell International during the fourth quarter worth $1,594,216,000. Capital Research Global Investors increased its holdings in shares of Honeywell International by 5.5% during the fourth quarter. Capital Research Global Investors now owns 6,641,017 shares of the conglomerate's stock worth $1,500,141,000 after buying an additional 346,190 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Honeywell International by 5.7% during the fourth quarter. Northern Trust Corp now owns 6,253,570 shares of the conglomerate's stock worth $1,412,619,000 after buying an additional 337,199 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Honeywell International by 5.2% during the fourth quarter. Invesco Ltd. now owns 5,285,417 shares of the conglomerate's stock worth $1,193,923,000 after buying an additional 263,188 shares in the last quarter. Finally, Capital International Investors increased its holdings in shares of Honeywell International by 8.3% during the fourth quarter. Capital International Investors now owns 2,230,845 shares of the conglomerate's stock worth $503,966,000 after buying an additional 170,270 shares in the last quarter. 75.91% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on HON shares. Royal Bank Of Canada lowered their price target on shares of Honeywell International from $254.00 to $253.00 and set a "sector perform" rating for the company in a report on Friday, July 25th. JPMorgan Chase & Co. upped their price target on shares of Honeywell International from $182.00 to $217.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Wells Fargo & Company lowered their price target on shares of Honeywell International from $240.00 to $230.00 and set an "equal weight" rating for the company in a report on Friday, July 25th. Barclays increased their price objective on Honeywell International from $258.00 to $265.00 and gave the company an "overweight" rating in a report on Wednesday, July 9th. Finally, Mizuho increased their price objective on Honeywell International from $235.00 to $250.00 and gave the company an "outperform" rating in a report on Friday, May 16th. Eight research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $254.00.

Honeywell International Trading Down 0.3%

Honeywell International stock traded down $0.64 during trading hours on Tuesday, reaching $220.15. 237,692 shares of the company's stock were exchanged, compared to its average volume of 4,115,744. The company has a quick ratio of 0.97, a current ratio of 1.29 and a debt-to-equity ratio of 1.81. The firm's 50 day simple moving average is $229.22 and its 200 day simple moving average is $217.01. Honeywell International Inc. has a twelve month low of $179.36 and a twelve month high of $242.77. The firm has a market capitalization of $139.77 billion, a PE ratio of 25.05, a PEG ratio of 2.46 and a beta of 1.08.

Honeywell International (NASDAQ:HON - Get Free Report) last issued 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. Honeywell International had a return on equity of 37.37% and a net margin of 14.30%. The firm had revenue of $10.35 billion during the quarter, compared to the consensus estimate of $10.01 billion. During the same period last year, the business posted $2.49 EPS. The business's revenue was up 8.1% compared to the same quarter last year. Research analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Stockholders 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 dividend yield of 2.1%. The ex-dividend date of this dividend is Friday, August 15th. Honeywell International's dividend payout ratio is 51.42%.

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.