Westwood Holdings Group Inc. Sells 3,726 Shares of Honeywell International Inc. (NASDAQ:HON)

Key Points

• Westwood Holdings Group Inc. has reduced its stake in Honeywell International Inc. by 2.1%, selling 3,726 shares to hold a total of 176,739 shares valued at approximately $37.42 million.
• Honeywell recently reported earnings of $2.75 EPS for the quarter, surpassing analyst estimates and showing an 8.1% revenue increase year-over-year, totaling $10.35 billion.
• The company declared a quarterly dividend of $1.13 per share, with a payout ratio of 51.42%, representing an annualized yield of 2.0% for investors.

Westwood Holdings Group Inc. reduced its stake in Honeywell International Inc. (NASDAQ:HON - Free Report) by 2.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 176,739 shares of the conglomerate's stock after selling 3,726 shares during the period. Westwood Holdings Group Inc.'s holdings in Honeywell International were worth $37,424,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of HON. Brighton Jones LLC lifted its position in shares of Honeywell International by 9.1% in 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 during the period. Federated Hermes Inc. lifted its position in shares of Honeywell International by 4.4% in the 4th quarter. Federated Hermes Inc. now owns 6,028 shares of the conglomerate's stock worth $1,362,000 after purchasing an additional 253 shares during the period. FMR LLC raised its stake in shares of Honeywell International by 13.5% during the 4th quarter. FMR LLC now owns 1,614,055 shares of the conglomerate's stock worth $364,599,000 after acquiring an additional 192,289 shares in the last quarter. FIL Ltd raised its stake in shares of Honeywell International by 26.5% during the 4th quarter. FIL Ltd now owns 298,166 shares of the conglomerate's stock worth $67,353,000 after acquiring an additional 62,495 shares in the last quarter. Finally, Bank of Nova Scotia raised its stake in shares of Honeywell International by 9.6% during the 4th quarter. Bank of Nova Scotia now owns 797,180 shares of the conglomerate's stock worth $180,084,000 after acquiring an additional 69,578 shares in the last quarter. Hedge funds and other institutional investors own 75.91% of the company's stock.

Honeywell International Trading Up 0.1%

Shares of HON opened at $221.06 on Wednesday. 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. The firm's fifty day moving average is $229.11 and its two-hundred day moving average is $217.04. The stock has a market cap of $140.35 billion, a PE ratio of 25.15, a price-to-earnings-growth ratio of 2.49 and a beta of 1.08.

Honeywell International (NASDAQ:HON - Get Free Report) last posted its quarterly earnings results 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 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 analyst estimates of $10.01 billion. During the same quarter in the previous year, the firm earned $2.49 EPS. The company's quarterly revenue was up 8.1% compared to the same quarter last year. Research analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Friday, August 15th will be issued a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Friday, August 15th. Honeywell International's dividend payout ratio (DPR) is 51.42%.

Wall Street Analyst Weigh In

HON has been the subject of several recent analyst reports. Morgan Stanley boosted their price objective 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. Barclays boosted their price objective on shares of Honeywell International from $258.00 to $265.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 9th. 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 on the stock in a research report on Friday, July 25th. Citigroup lifted their price objective on shares of Honeywell International from $242.00 to $265.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Finally, Wall Street Zen upgraded shares of Honeywell International from a "hold" rating to a "buy" rating in a research note on Thursday, May 15th. Eight equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Honeywell International currently has a consensus rating of "Moderate Buy" and an average target price of $254.00.

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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