Honeywell International Inc. (NASDAQ:HON) Shares Sold by Kathmere Capital Management LLC

Kathmere Capital Management LLC decreased its stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 16.7% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,070 shares of the conglomerate's stock after selling 1,422 shares during the period. Kathmere Capital Management LLC's holdings in Honeywell International were worth $1,497,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of HON. Brighton Jones LLC increased its position in Honeywell International by 9.1% during the fourth 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 during the last quarter. Proficio Capital Partners LLC grew its stake in Honeywell International by 40.8% during the fourth quarter. Proficio Capital Partners LLC now owns 2,635 shares of the conglomerate's stock worth $595,000 after buying an additional 764 shares during the period. Farther Finance Advisors LLC grew its stake in Honeywell International by 16.1% during the fourth quarter. Farther Finance Advisors LLC now owns 9,314 shares of the conglomerate's stock worth $2,104,000 after buying an additional 1,289 shares during the period. HBK Sorce Advisory LLC grew its stake in Honeywell International by 3.7% during the fourth quarter. HBK Sorce Advisory LLC now owns 7,957 shares of the conglomerate's stock worth $1,797,000 after buying an additional 287 shares during the period. Finally, Balboa Wealth Partners grew its stake in Honeywell International by 25.0% during the fourth quarter. Balboa Wealth Partners now owns 1,604 shares of the conglomerate's stock worth $362,000 after buying an additional 321 shares during the period. Institutional investors and hedge funds own 75.91% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on HON shares. Citigroup boosted their price objective on shares of Honeywell International from $242.00 to $265.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. JPMorgan Chase & Co. boosted their price objective on shares of Honeywell International from $182.00 to $217.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. Royal Bank Of Canada reiterated a "sector perform" rating and set a $226.00 price objective on shares of Honeywell International in a research note on Wednesday, June 25th. Wall Street Zen upgraded shares of Honeywell International from a "hold" rating to a "buy" rating in a research note on Thursday, May 15th. Finally, Wells Fargo & Company upped their target price on shares of Honeywell International from $225.00 to $240.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 1st. Eight analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $250.79.

Honeywell International Stock Down 0.4%

HON traded down $0.84 during trading on Friday, hitting $235.93. The company had a trading volume of 2,417,149 shares, compared to its average volume of 3,856,139. The company has a market cap of $151.63 billion, a PE ratio of 27.12, a P/E/G ratio of 2.69 and a beta of 1.07. The business has a 50-day moving average of $225.84 and a 200-day moving average of $216.42. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.25 and a quick ratio of 0.95. 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 posted its quarterly earnings results 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. The firm had revenue of $9.82 billion for the quarter, compared to analysts' expectations of $9.59 billion. Honeywell International had a net margin of 14.51% and a return on equity of 36.19%. The firm's quarterly revenue was up 7.9% on a year-over-year basis. During the same period in the prior year, the company posted $2.25 earnings per share. As a group, analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 16th were issued a $1.13 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $4.52 annualized dividend and a yield of 1.92%. Honeywell International's dividend payout ratio is presently 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.