Honeywell International Inc. (NASDAQ:HON) Shares Sold by King Luther Capital Management Corp

Key Points

• King Luther Capital Management Corp reduced its stake in Honeywell International by 1.3%, selling 15,370 shares, and now holds approximately 1.1% of its investment portfolio in Honeywell, valued at $247.3 million.
• Recent analyst upgrades have increased target prices for Honeywell International, with Morgan Stanley raising its price objective to $245.00 and Citigroup to $265.00, reflecting a generally positive outlook from the investment community.
• Honeywell International announced a quarterly dividend of $1.13 per share, with a yield of 2.1%, indicating strong financial performance supported by a net margin of 14.3% and year-over-year revenue growth of 8.1% in its latest earnings report.

King Luther Capital Management Corp decreased its position in Honeywell International Inc. (NASDAQ:HON - Free Report) by 1.3% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 1,167,963 shares of the conglomerate's stock after selling 15,370 shares during the period. Honeywell International comprises approximately 1.1% of King Luther Capital Management Corp's portfolio, making the stock its 23rd biggest holding. King Luther Capital Management Corp owned 0.18% of Honeywell International worth $247,316,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Brighton Jones LLC boosted its stake in shares of Honeywell International by 9.1% during the fourth quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate's stock valued at $4,302,000 after acquiring an additional 1,582 shares during the last quarter. Federated Hermes Inc. boosted its stake in shares of Honeywell International by 4.4% during the fourth quarter. Federated Hermes Inc. now owns 6,028 shares of the conglomerate's stock valued at $1,362,000 after acquiring an additional 253 shares during the last quarter. Kennedy Capital Management LLC acquired a new stake in shares of Honeywell International during the fourth quarter valued at $3,287,000. Covestor Ltd boosted its stake in shares of Honeywell International by 17.7% during the fourth quarter. Covestor Ltd now owns 511 shares of the conglomerate's stock valued at $116,000 after acquiring an additional 77 shares during the last quarter. Finally, Jaffetilchin Investment Partners LLC boosted its stake in shares of Honeywell International by 3.0% during the fourth quarter. Jaffetilchin Investment Partners LLC now owns 4,408 shares of the conglomerate's stock valued at $996,000 after acquiring an additional 127 shares during the last quarter. Institutional investors and hedge funds own 75.91% of the company's stock.

Honeywell International Stock Up 0.3%

Shares of NASDAQ:HON traded up $0.56 during mid-day trading on Tuesday, hitting $217.01. 4,340,984 shares of the company traded hands, compared to its average volume of 3,802,513. The firm's 50 day simple moving average is $228.48 and its 200 day simple moving average is $216.81. The firm has a market cap of $137.78 billion, a P/E ratio of 24.69, a PEG ratio of 2.44 and a beta of 1.08. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.97 and a current ratio of 1.29. Honeywell International Inc. has a 52-week low of $179.36 and a 52-week high of $242.77.

Honeywell International (NASDAQ:HON - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The conglomerate reported $2.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.66 by $0.09. The company had revenue of $10.35 billion for the quarter, compared to analyst estimates of $10.01 billion. Honeywell International had a net margin of 14.30% and a return on equity of 37.37%. The business's quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter last year, the firm posted $2.49 earnings per share. On average, equities analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Friday, August 15th will be issued a dividend of $1.13 per share. The ex-dividend date is Friday, August 15th. This represents a $4.52 annualized dividend and a yield of 2.1%. Honeywell International's payout ratio is currently 51.42%.

Analysts Set New Price Targets

HON has been the topic of a number of analyst reports. Wells Fargo & Company decreased their price objective on Honeywell International from $240.00 to $230.00 and set an "equal weight" rating on the stock in a research note on Friday, July 25th. Morgan Stanley raised their price target on Honeywell International from $225.00 to $245.00 and gave the stock an "equal weight" rating in a research note on Monday, July 28th. Royal Bank Of Canada decreased their price target on Honeywell International from $254.00 to $253.00 and set a "sector perform" rating on the stock in a research note on Friday, July 25th. Citigroup raised their price target on Honeywell International from $242.00 to $265.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Finally, Mizuho raised their price target on Honeywell International from $235.00 to $250.00 and gave the stock an "outperform" rating in a research note on Friday, May 16th. 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's stock. Based on data from MarketBeat.com, Honeywell International has a consensus rating of "Moderate Buy" and a consensus price target of $254.00.

Honeywell International 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.