UNIVEST FINANCIAL Corp Sells 44,609 Shares of Honeywell International Inc. (NASDAQ:HON)

Key Points

• UNIVEST Financial Corp has decreased its stake in Honeywell International by 77.9%, owning 12,649 shares worth approximately $2.68 million after selling 44,609 shares in the first quarter.
• Recent analyst ratings for Honeywell show mixed sentiment, with some upgrades and downgrades, leading to an average target price of $254 and a consensus rating of "Moderate Buy."
• Honeywell International recently announced a quarterly dividend of $1.13 per share, representing an annualized yield of 2.0%.

UNIVEST FINANCIAL Corp decreased its stake in Honeywell International Inc. (NASDAQ:HON - Free Report) by 77.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,649 shares of the conglomerate's stock after selling 44,609 shares during the period. UNIVEST FINANCIAL Corp's holdings in Honeywell International were worth $2,678,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in HON. Mpwm Advisory Solutions LLC bought a new stake in Honeywell International in the fourth quarter worth approximately $29,000. Accredited Wealth Management LLC acquired a new stake in Honeywell International in the fourth quarter worth $34,000. Alexis Investment Partners LLC acquired a new position in shares of Honeywell International during the fourth quarter valued at about $37,000. Banque de Luxembourg S.A. acquired a new stake in shares of Honeywell International in the 4th quarter valued at about $38,000. Finally, Garde Capital Inc. bought a new position in Honeywell International in the first quarter worth approximately $42,000. Institutional investors and hedge funds own 75.91% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on HON. Bank of America upgraded shares of Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price objective for the company in a report on Wednesday, May 7th. Mizuho increased their price objective on Honeywell International from $235.00 to $250.00 and gave the stock an "outperform" rating in a research note on Friday, May 16th. JPMorgan Chase & Co. lifted their target price on Honeywell International from $182.00 to $217.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. Citigroup increased their price target on Honeywell International from $242.00 to $265.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Finally, Morgan Stanley upped their target price on shares of Honeywell International from $225.00 to $245.00 and gave the stock an "equal weight" rating in a research note on Monday, July 28th. Eight analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $254.00.

Honeywell International Trading Down 2.1%

Shares of NASDAQ HON traded down $4.64 during midday trading on Friday, reaching $217.71. The company had a trading volume of 3,966,403 shares, compared to its average volume of 3,511,697. 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 one year low of $179.36 and a one year high of $242.77. The firm's fifty day moving average price is $229.24 and its 200-day moving average price is $217.06. The stock has a market cap of $138.22 billion, a PE ratio of 24.77, a price-to-earnings-growth ratio of 2.46 and a beta of 1.08.

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 the consensus estimate 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 during the quarter, compared to analyst estimates of $10.01 billion. During the same period in the prior year, the business earned $2.49 EPS. The company's revenue for the quarter was up 8.1% on a year-over-year basis. On average, equities research analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Friday, August 15th will be issued 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 is presently 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.