UNIVEST FINANCIAL Corp Decreases Stock Position in 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 reduced its stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 77.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,649 shares of the conglomerate's stock after selling 44,609 shares during the quarter. 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 large investors have also recently made changes to their positions in HON. World Investment Advisors raised its stake in Honeywell International by 137.7% in 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 last quarter. Schroder Investment Management Group raised its stake in Honeywell International by 12.7% in 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 last quarter. Red Door Wealth Management LLC raised its stake in Honeywell International by 2.6% in 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 last quarter. Petros Family Wealth LLC purchased a new position in Honeywell International in the 4th quarter worth $383,000. Finally, Spinnaker Trust boosted its holdings in Honeywell International by 2.4% in the first quarter. Spinnaker Trust now owns 11,598 shares of the conglomerate's stock valued at $2,456,000 after purchasing an additional 276 shares during the last quarter. 75.91% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

HON has been the subject of a number of recent research reports. Barclays lifted their price objective on Honeywell International from $258.00 to $265.00 and gave the company an "overweight" rating in a research note on Wednesday, July 9th. JPMorgan Chase & Co. increased their price objective on shares of Honeywell International from $182.00 to $217.00 and gave the company a "neutral" rating in a report on Friday, May 16th. Royal Bank Of Canada dropped their target price on shares of Honeywell International from $254.00 to $253.00 and set a "sector perform" rating for the company in a report on Friday, July 25th. 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 report on Wednesday, May 7th. Finally, Wall Street Zen raised Honeywell International from a "hold" rating to a "buy" rating in a research note on Thursday, May 15th. Eight research 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 company's stock. Based on data from MarketBeat.com, Honeywell International has a consensus rating of "Moderate Buy" and a consensus price target of $254.00.

Honeywell International Price Performance

NASDAQ HON traded down $0.20 during mid-day trading on Tuesday, hitting $220.59. The stock had a trading volume of 1,155,719 shares, compared to its average volume of 4,122,227. The company has a 50 day simple moving average of $229.22 and a 200 day simple moving average of $217.01. The company has a market cap of $140.05 billion, a price-to-earnings ratio of 25.09, a P/E/G ratio of 2.46 and a beta of 1.08. Honeywell International Inc. has a 52-week low of $179.36 and a 52-week high of $242.77. 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 (NASDAQ:HON - Get Free Report) last announced its quarterly 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 business had revenue of $10.35 billion during the quarter, compared to analysts' expectations of $10.01 billion. During the same quarter last year, the business posted $2.49 earnings per share. The business's revenue for the quarter was up 8.1% on a year-over-year basis. Equities analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Friday, August 15th will be paid 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 dividend yield of 2.0%. Honeywell International's dividend payout ratio (DPR) is presently 51.42%.

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.