Honeywell International Inc. (NASDAQ:HON) Shares Sold by HBK Sorce Advisory LLC

HBK Sorce Advisory LLC reduced its position in Honeywell International Inc. (NASDAQ:HON) by 2.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,774 shares of the conglomerate’s stock after selling 183 shares during the quarter. HBK Sorce Advisory LLC’s holdings in Honeywell International were worth $1,646,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of HON. Mainstream Capital Management LLC acquired a new stake in shares of Honeywell International in the 4th quarter worth $25,000. Avalon Trust Co increased its position in Honeywell International by 166.7% during the fourth quarter. Avalon Trust Co now owns 120 shares of the conglomerate’s stock worth $27,000 after buying an additional 75 shares in the last quarter. Mpwm Advisory Solutions LLC purchased a new stake in Honeywell International during the 4th quarter worth about $29,000. Accredited Wealth Management LLC purchased a new stake in shares of Honeywell International during the fourth quarter worth about $34,000. Finally, Curio Wealth LLC acquired a new position in Honeywell International in the 4th quarter valued at $35,000. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

HON has been the subject of a number of research analyst reports. Citigroup upped 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. Bank of America upgraded Honeywell International from a “neutral” rating to a “buy” rating and set a $250.00 price objective on the stock in a research note on Wednesday, May 7th. Wall Street Zen raised Honeywell International from a “hold” rating to a “buy” rating in a report on Thursday, May 15th. Royal Bank Of Canada restated a “sector perform” rating and set a $226.00 price target on shares of Honeywell International in a research report on Wednesday. Finally, JPMorgan Chase & Co. raised 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. Eight 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. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $249.21.

Honeywell International Stock Performance

Shares of HON opened at $221.79 on Thursday. Honeywell International Inc. has a 12 month low of $179.36 and a 12 month high of $242.77. The company’s fifty day moving average is $217.70 and its 200-day moving average is $215.79. The company has a quick ratio of 0.95, a current ratio of 1.25 and a debt-to-equity ratio of 1.43. The firm has a market cap of $142.54 billion, a price-to-earnings ratio of 25.49, a price-to-earnings-growth ratio of 2.62 and a beta of 1.08.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings data on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share for the quarter, topping analysts’ consensus estimates of $2.21 by $0.30. The business had revenue of $9.82 billion during the quarter, compared to analysts’ expectations of $9.59 billion. Honeywell International had a net margin of 14.51% and a return on equity of 36.19%. Honeywell International’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same period in the previous year, the company earned $2.25 earnings per share. Equities analysts expect that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 16th were paid a $1.13 dividend. This represents a $4.52 annualized dividend and a dividend yield of 2.04%. The ex-dividend date was Friday, May 16th. Honeywell International’s payout ratio is presently 51.95%.

Honeywell International 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.