Honeywell International Inc. (NASDAQ:HON) Shares Sold by Phoenix Financial Ltd.

Key Points

• Phoenix Financial Ltd. reduced its holdings in Honeywell International Inc. by 40.9%, leaving it with 7,940 shares valued at approximately $1.68 million as of the latest reporting period.
• Honeywell International's recent earnings report showed a profit of $2.75 per share, surpassing analyst expectations, with revenues of $10.35 billion.
• The company also announced a quarterly dividend of $1.13 per share, with a resulting annualized yield of 2.02%.

Phoenix Financial Ltd. lowered its position in Honeywell International Inc. (NASDAQ:HON - Free Report) by 40.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,940 shares of the conglomerate's stock after selling 5,488 shares during the quarter. Phoenix Financial Ltd.'s holdings in Honeywell International were worth $1,681,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Brighton Jones LLC increased its position in Honeywell International by 9.1% during the 4th 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 in the last quarter. EntryPoint Capital LLC acquired a new stake in Honeywell International in the 4th quarter worth about $248,000. Financial Engines Advisors L.L.C. acquired a new stake in Honeywell International in the 4th quarter worth about $777,000. Ausdal Financial Partners Inc. boosted its stake in Honeywell International by 82.0% in the 4th quarter. Ausdal Financial Partners Inc. now owns 2,202 shares of the conglomerate's stock worth $497,000 after buying an additional 992 shares during the last quarter. Finally, Loomis Sayles & Co. L P lifted its stake in shares of Honeywell International by 51.0% in the 4th quarter. Loomis Sayles & Co. L P now owns 311 shares of the conglomerate's stock valued at $70,000 after purchasing an additional 105 shares in the last quarter. Hedge funds and other institutional investors own 75.91% of the company's stock.

Honeywell International Stock Performance

HON traded down $3.48 during trading on Tuesday, reaching $221.60. 1,806,642 shares of the company were exchanged, compared to its average volume of 4,137,586. The stock has a market cap of $142.42 billion, a P/E ratio of 25.21, a PEG ratio of 2.52 and a beta of 1.07. The firm has a 50 day moving average of $229.42 and a 200 day moving average of $216.99. The company has a current ratio of 1.29, a quick ratio of 0.97 and a debt-to-equity ratio of 1.81. 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 issued its quarterly earnings data on Thursday, July 24th. The conglomerate reported $2.75 EPS for the quarter, topping analysts' consensus estimates 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 revenue was up 8.1% on a year-over-year basis. During the same period in the prior year, the business earned $2.49 EPS. On average, sell-side analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Friday, August 15th will be given a dividend of $1.13 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a $4.52 dividend on an annualized basis and a yield of 2.04%. Honeywell International's dividend payout ratio (DPR) is presently 51.42%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Royal Bank Of Canada reduced their price objective on Honeywell International from $254.00 to $253.00 and set a "sector perform" rating on the stock in a research note on Friday. Barclays boosted their price target on Honeywell International from $258.00 to $265.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 9th. JPMorgan Chase & Co. boosted their price target on Honeywell International from $182.00 to $217.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. Bank of America raised Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price target on the stock in a research report on Wednesday, May 7th. Finally, Wells Fargo & Company reduced their price target on Honeywell International from $240.00 to $230.00 and set an "equal weight" rating on the stock in a research report on Friday. Eight investment 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 data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $254.00.

Honeywell International Company 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.