Phoenix Financial Ltd. Sells 5,488 Shares of Honeywell International Inc. (NASDAQ:HON)

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. decreased its holdings in Honeywell International Inc. (NASDAQ:HON - Free Report) by 40.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund 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 reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in HON. Trilogy Capital Inc. lifted its holdings in Honeywell International by 2.8% during the first quarter. Trilogy Capital Inc. now owns 2,611 shares of the conglomerate's stock valued at $553,000 after purchasing an additional 71 shares in the last quarter. Wilkins Investment Counsel Inc. lifted its holdings in Honeywell International by 16.9% during the first 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 in the last quarter. Assetmark Inc. lifted its holdings in Honeywell International by 60.2% during the first 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 in the last quarter. Avantax Advisory Services Inc. lifted its holdings in Honeywell International by 6.4% during the first 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 in the last quarter. Finally, Brookwood Investment Group LLC purchased a new position in Honeywell International during the first quarter valued at approximately $260,000. Hedge funds and other institutional investors own 75.91% of the company's stock.

Honeywell International Price Performance

Honeywell International stock traded up $1.98 during mid-day trading on Wednesday, reaching $223.70. 1,611,062 shares of the company's stock traded hands, compared to its average volume of 4,133,698. The company has a quick ratio of 0.97, a current ratio of 1.29 and a debt-to-equity ratio of 1.81. Honeywell International Inc. has a 12-month low of $179.36 and a 12-month high of $242.77. The company has a market cap of $143.77 billion, a price-to-earnings ratio of 25.47, a PEG ratio of 2.58 and a beta of 1.07. The stock has a 50 day moving average of $229.35 and a two-hundred day moving average of $217.03.

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 for the quarter, beating analysts' consensus estimates of $2.66 by $0.09. Honeywell International had a net margin of 14.30% and a return on equity of 37.37%. The business had revenue of $10.35 billion for the quarter, compared to analysts' expectations of $10.01 billion. During the same quarter in the previous year, the business posted $2.49 earnings per share. The business's revenue was up 8.1% compared to the same quarter last year. Equities analysts forecast 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. Shareholders of record on Friday, August 15th will be given a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date of this dividend is Friday, August 15th. Honeywell International's dividend payout ratio (DPR) is 51.42%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on HON shares. Citigroup lifted their price target on shares of Honeywell International from $242.00 to $265.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Wells Fargo & Company reduced their price objective on shares of 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. JPMorgan Chase & Co. lifted their price objective on shares of Honeywell International from $182.00 to $217.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. Bank of America upgraded shares of Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price objective on the stock in a research report on Wednesday, May 7th. Finally, Mizuho lifted their price objective on shares of Honeywell International from $235.00 to $250.00 and gave the company an "outperform" rating in a research report 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. According to MarketBeat.com, the stock currently has an average 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.