L & S Advisors Inc Lowers Holdings in Honeywell International Inc. (NASDAQ:HON)

Key Points

• L & S Advisors Inc significantly reduced its holdings in Honeywell International by 92.4%, owning only 1,668 shares after selling 20,418 shares in Q1, with their holdings valued at $353,000.
• Several large investors have changed their positions in Honeywell, including Kirtland Hills Capital Management, which increased its stake by 1.1% to own 4,424 shares, now valued at $870,000.
• Honeywell's stock has received mixed analyst ratings, with a consensus rating of "Moderate Buy" and a target price of $254, reflecting varying opinions on the company's future performance.

L & S Advisors Inc cut its holdings in Honeywell International Inc. (NASDAQ:HON - Free Report) by 92.4% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,668 shares of the conglomerate's stock after selling 20,418 shares during the period. L & S Advisors Inc's holdings in Honeywell International were worth $353,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in HON. Kirtland Hills Capital Management LLC increased its position in shares of Honeywell International by 1.1% during the 1st quarter. Kirtland Hills Capital Management LLC now owns 4,424 shares of the conglomerate's stock valued at $870,000 after purchasing an additional 48 shares during the last quarter. Sound View Wealth Advisors Group LLC increased its position in shares of Honeywell International by 0.6% during the 1st quarter. Sound View Wealth Advisors Group LLC now owns 8,769 shares of the conglomerate's stock valued at $1,857,000 after purchasing an additional 48 shares during the last quarter. Gateway Wealth Partners LLC grew its position in Honeywell International by 2.5% in the 1st quarter. Gateway Wealth Partners LLC now owns 2,044 shares of the conglomerate's stock valued at $433,000 after acquiring an additional 49 shares during the last quarter. Cetera Trust Company N.A grew its position in Honeywell International by 0.5% in the 1st quarter. Cetera Trust Company N.A now owns 10,475 shares of the conglomerate's stock valued at $2,218,000 after acquiring an additional 50 shares during the last quarter. Finally, Mowery & Schoenfeld Wealth Management LLC grew its position in Honeywell International by 12.0% in the 1st quarter. Mowery & Schoenfeld Wealth Management LLC now owns 466 shares of the conglomerate's stock valued at $99,000 after acquiring an additional 50 shares during the last quarter. 75.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Citigroup upped their price objective on Honeywell International from $242.00 to $265.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Wells Fargo & Company cut their price objective on Honeywell International from $240.00 to $230.00 and set an "equal weight" rating on the stock in a research report on Friday, July 25th. Wall Street Zen raised Honeywell International from a "hold" rating to a "buy" rating in a research report on Thursday, May 15th. Mizuho upped their price objective on Honeywell International from $235.00 to $250.00 and gave the company an "outperform" rating in a research report on Friday, May 16th. Finally, Morgan Stanley upped their price objective on Honeywell International from $225.00 to $245.00 and gave the company an "equal weight" rating in a research report on Monday, July 28th. Eight investment 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 stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $254.00.

Honeywell International Price Performance

HON stock opened at $217.71 on Monday. The business has a fifty day moving average of $229.24 and a two-hundred day moving average of $217.02. 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 stock has a market cap of $138.22 billion, a price-to-earnings ratio of 24.77, a price-to-earnings-growth ratio of 2.46 and a beta of 1.08. 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 earnings results on Thursday, July 24th. The conglomerate reported $2.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.66 by $0.09. The company had revenue of $10.35 billion during the quarter, compared to analysts' expectations of $10.01 billion. Honeywell International had a return on equity of 37.37% and a net margin of 14.30%. The firm's quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter last year, the firm earned $2.49 earnings per share. As a group, research analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Friday, August 15th will be paid a $1.13 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.1%. Honeywell International's payout ratio is presently 51.42%.

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.

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