Sheaff Brock Investment Advisors LLC Sells 18,132 Shares of Honeywell International Inc. (NASDAQ:HON)

Key Points

• Sheaff Brock Investment Advisors LLC reduced its holdings in Honeywell International by 88.0%, selling 18,132 shares in the first quarter, leaving it with 2,471 shares valued at approximately $523,000.
• Multiple analysts have increased their target prices for Honeywell International, with Morgan Stanley setting a new target of $245.00 and Barclays adjusting theirs to $265.00, indicating bullish sentiment around the stock.
• Honeywell has announced a quarterly dividend of $1.13 per share, with a yield of 2.01%, reflecting its strong financial performance and commitment to returning value to shareholders.

Sheaff Brock Investment Advisors LLC decreased its holdings in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 88.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,471 shares of the conglomerate's stock after selling 18,132 shares during the period. Sheaff Brock Investment Advisors LLC's holdings in Honeywell International were worth $523,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. World Investment Advisors grew its holdings in shares of Honeywell International by 137.7% during the 4th quarter. World Investment Advisors now owns 22,387 shares of the conglomerate's stock worth $5,057,000 after acquiring an additional 12,969 shares during the period. Schroder Investment Management Group grew its holdings in shares of Honeywell International by 12.7% during the 4th quarter. Schroder Investment Management Group now owns 89,297 shares of the conglomerate's stock worth $20,235,000 after acquiring an additional 10,092 shares during the period. Red Door Wealth Management LLC grew its holdings in shares of Honeywell International by 2.6% during the 1st quarter. Red Door Wealth Management LLC now owns 29,090 shares of the conglomerate's stock worth $6,160,000 after acquiring an additional 736 shares during the period. Potomac Fund Management Inc. ADV purchased a new position in shares of Honeywell International during the 4th quarter worth approximately $1,722,000. Finally, Petros Family Wealth LLC purchased a new position in shares of Honeywell International during the 4th quarter worth approximately $383,000. Institutional investors own 75.91% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on HON shares. Morgan Stanley upped their target price on Honeywell International from $225.00 to $245.00 and gave the stock an "equal weight" rating in a report on Monday. Barclays upped their target price on Honeywell International from $258.00 to $265.00 and gave the stock an "overweight" rating in a report on Wednesday, July 9th. Citigroup upped their target price on Honeywell International from $242.00 to $265.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Bank of America upgraded Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price target on the stock in a research note on Wednesday, May 7th. Finally, Mizuho upped their price target on Honeywell International from $235.00 to $250.00 and gave the stock an "outperform" rating in a research note on Friday, May 16th. Eight analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $254.00.

Honeywell International Stock Performance

Shares of HON opened at $225.08 on Tuesday. The business's fifty day simple moving average is $229.42 and its two-hundred day simple moving average is $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 12 month low of $179.36 and a 12 month high of $242.77. The company has a market cap of $144.65 billion, a price-to-earnings ratio of 25.61, a P/E/G ratio of 2.52 and a beta of 1.07.

Honeywell International (NASDAQ:HON - Get Free Report) last issued its earnings results on Thursday, July 24th. The conglomerate reported $2.75 EPS for the quarter, beating the consensus estimate of $2.66 by $0.09. Honeywell International had a return on equity of 37.37% and a net margin of 14.30%. The business had revenue of $10.35 billion for the quarter, compared to the consensus estimate of $10.01 billion. During the same period last year, the business posted $2.49 EPS. The company's revenue was up 8.1% compared to the same quarter last year. Research analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 5th. Shareholders 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 annualized dividend and a yield of 2.01%. Honeywell International's dividend payout ratio is 51.42%.

About Honeywell International

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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