Nvwm LLC Sells 6,424 Shares of Honeywell International Inc. (NASDAQ:HON)

Key Points

• Nvwm LLC significantly reduced its ownership in Honeywell International by 97.8% in the first quarter, leaving it with only 144 shares worth $30,000.
• Multiple large investors, including Capital World Investors and GAMMA Investing LLC, have increased their stakes in Honeywell, highlighting strong institutional interest in the company.
• Honeywell's latest quarterly earnings showed earnings per share of $2.75, exceeding analysts' expectations, and the company declared a quarterly dividend of $1.13 per share set for September 5th.

Nvwm LLC decreased its position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 97.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 144 shares of the conglomerate's stock after selling 6,424 shares during the quarter. Nvwm LLC's holdings in Honeywell International were worth $30,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of HON. Benedict Financial Advisors Inc. raised its holdings in Honeywell International by 0.5% during the 1st quarter. Benedict Financial Advisors Inc. now owns 26,634 shares of the conglomerate's stock worth $5,640,000 after buying an additional 135 shares during the period. Trilogy Capital Inc. raised its holdings in Honeywell International by 2.8% during the 1st quarter. Trilogy Capital Inc. now owns 2,611 shares of the conglomerate's stock worth $553,000 after buying an additional 71 shares during the period. Wilkins Investment Counsel Inc. increased its holdings in shares of Honeywell International by 16.9% in the 1st quarter. Wilkins Investment Counsel Inc. now owns 2,840 shares of the conglomerate's stock valued at $601,000 after purchasing an additional 410 shares during the period. Assetmark Inc. increased its holdings in shares of Honeywell International by 60.2% in the 1st quarter. Assetmark Inc. now owns 22,492 shares of the conglomerate's stock valued at $4,763,000 after purchasing an additional 8,455 shares during the period. Finally, Avantax Advisory Services Inc. increased its holdings in shares of Honeywell International by 6.4% in the 1st quarter. Avantax Advisory Services Inc. now owns 60,583 shares of the conglomerate's stock valued at $12,828,000 after purchasing an additional 3,662 shares during the period. Institutional investors and hedge funds own 75.91% of the company's stock.

Honeywell International Price Performance

Honeywell International stock traded up $2.54 during mid-day trading on Wednesday, hitting $224.26. 1,464,205 shares of the company were exchanged, compared to its average volume of 4,132,168. Honeywell International Inc. has a 1-year low of $179.36 and a 1-year high of $242.77. The company has a market capitalization of $144.13 billion, a PE ratio of 25.48, a price-to-earnings-growth ratio of 2.58 and a beta of 1.07. 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 business has a fifty day moving average of $229.35 and a 200 day moving average of $217.03.

Honeywell International (NASDAQ:HON - Get Free Report) last announced its earnings results on Thursday, July 24th. The conglomerate reported $2.75 earnings per share for the quarter, beating 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 company had revenue of $10.35 billion during the quarter, compared to analyst estimates of $10.01 billion. During the same period last year, the company posted $2.49 earnings per share. The firm's quarterly revenue was up 8.1% compared to the same quarter last year. As a group, sell-side analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Friday, August 15th will be given a $1.13 dividend. The ex-dividend date is Friday, August 15th. This represents a $4.52 dividend on an annualized basis and a yield of 2.02%. Honeywell International's payout ratio is 51.42%.

Wall Street Analysts Forecast Growth

HON has been the topic of a number of research reports. Wells Fargo & Company dropped their target price on Honeywell International from $240.00 to $230.00 and set an "equal weight" rating on the stock in a report on Friday, July 25th. Citigroup raised their price objective on shares of Honeywell International from $242.00 to $265.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Bank of America raised Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 target price for the company in a research report on Wednesday, May 7th. Royal Bank Of Canada decreased their target price on Honeywell International from $254.00 to $253.00 and set a "sector perform" rating for the company in a research report on Friday, July 25th. Finally, JPMorgan Chase & Co. upped their target price on Honeywell International from $182.00 to $217.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. Eight research 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 company has a consensus rating of "Moderate Buy" and an average 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.