Honeywell International Inc. (NASDAQ:HON) Shares Sold by Levin Capital Strategies L.P.

Key Points

• Levin Capital Strategies L.P. reduced its stake in Honeywell International by 40.0% during the first quarter, now holding 3,000 shares valued at $635,000.
• Honeywell's latest quarterly earnings report revealed $2.75 earnings per share, exceeding analyst expectations of $2.66, along with revenue of $10.35 billion.
• Several institutional investors have increased their positions in Honeywell, with 75.91% of the company's stock now owned by institutional investors and hedge funds.

Levin Capital Strategies L.P. lessened its stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 40.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,000 shares of the conglomerate's stock after selling 2,000 shares during the quarter. Levin Capital Strategies L.P.'s holdings in Honeywell International were worth $635,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Mpwm Advisory Solutions LLC acquired a new stake in Honeywell International during the 4th quarter worth approximately $29,000. Accredited Wealth Management LLC acquired a new stake in Honeywell International in the fourth quarter valued at $34,000. Alexis Investment Partners LLC purchased a new stake in shares of Honeywell International during the 4th quarter worth $37,000. Banque de Luxembourg S.A. acquired a new position in shares of Honeywell International during the 4th quarter worth $38,000. Finally, Garde Capital Inc. purchased a new position in shares of Honeywell International in the 1st quarter valued at about $42,000. Institutional investors and hedge funds own 75.91% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on HON shares. Citigroup boosted 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. Wells Fargo & Company reduced 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 upgraded Honeywell International from a "hold" rating to a "buy" rating in a research report on Thursday, May 15th. Mizuho lifted their price target 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. Finally, Barclays upped their price objective on shares of Honeywell International from $258.00 to $265.00 and gave the company an "overweight" rating in a research note on Wednesday, July 9th. Eight equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $254.00.

Honeywell International Trading Down 0.8%

HON stock traded down $1.83 during midday trading on Wednesday, reaching $219.23. 2,790,995 shares of the company's stock traded hands, compared to its average volume of 3,732,723. Honeywell International Inc. has a fifty-two week low of $179.36 and a fifty-two week high of $242.77. The business has a 50-day moving average price of $229.11 and a two-hundred day moving average price of $217.04. The company has a market capitalization of $139.19 billion, a P/E ratio of 24.94, a PEG ratio of 2.49 and a beta of 1.08. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.29 and a quick ratio of 0.97.

Honeywell International (NASDAQ:HON - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The conglomerate reported $2.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.66 by $0.09. The firm had revenue of $10.35 billion during the quarter, compared to the consensus estimate 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 period in the prior year, the firm earned $2.49 EPS. Equities research analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current fiscal 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 dividend of $1.13 per share. The ex-dividend date is Friday, August 15th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.1%. Honeywell International's dividend payout ratio (DPR) is currently 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.