Trexquant Investment LP lowered its stake in Honeywell International Inc. (NYSE:HON) by 64.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,139 shares of the conglomerate’s stock after selling 25,413 shares during the period. Trexquant Investment LP’s holdings in Honeywell International were worth $1,892,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently bought and sold shares of the company. Aigen Investment Management LP acquired a new stake in Honeywell International in the 1st quarter valued at about $35,000. Westside Investment Management Inc. purchased a new position in shares of Honeywell International in the 1st quarter valued at approximately $36,000. PSI Advisors LLC purchased a new stake in shares of Honeywell International in the fourth quarter valued at approximately $40,000. Efficient Wealth Management LLC purchased a new stake in shares of Honeywell International in the first quarter valued at approximately $43,000. Finally, Filbrandt Wealth Management LLC acquired a new position in shares of Honeywell International in the fourth quarter worth $44,000. 77.14% of the stock is currently owned by institutional investors.
HON stock opened at $139.18 on Friday. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.30 and a quick ratio of 1.04. Honeywell International Inc. has a one year low of $101.08 and a one year high of $184.06. The stock has a market cap of $96.64 billion, a PE ratio of 16.30, a P/E/G ratio of 2.67 and a beta of 1.04. The firm has a 50 day simple moving average of $135.07 and a two-hundred day simple moving average of $161.31.
Honeywell International (NYSE:HON) last announced its quarterly earnings data on Friday, May 1st. The conglomerate reported $2.21 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.96 by $0.25. Honeywell International had a net margin of 17.38% and a return on equity of 33.60%. The company had revenue of $8.46 billion during the quarter, compared to analysts’ expectations of $8.56 billion. During the same quarter in the prior year, the company earned $1.92 EPS. The firm’s revenue was down 4.7% on a year-over-year basis. On average, research analysts expect that Honeywell International Inc. will post 6.93 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Friday, May 15th will be paid a $0.90 dividend. The ex-dividend date is Thursday, May 14th. This represents a $3.60 annualized dividend and a dividend yield of 2.59%. Honeywell International’s payout ratio is 44.12%.
HON has been the topic of a number of research reports. Langenberg & Company reiterated a “buy” rating and set a $165.00 price target on shares of Honeywell International in a research report on Friday, May 1st. Zacks Investment Research lowered Honeywell International from a “hold” rating to a “sell” rating and set a $146.00 target price on the stock. in a report on Monday, May 4th. Deutsche Bank downgraded Honeywell International from a “buy” rating to a “hold” rating and decreased their target price for the stock from $165.00 to $149.00 in a research report on Monday, May 4th. Credit Suisse Group lifted their price objective on Honeywell International from $148.00 to $158.00 and gave the company an “outperform” rating in a report on Monday, May 4th. Finally, Daiwa Capital Markets raised shares of Honeywell International from a “neutral” rating to an “outperform” rating and set a $129.00 target price for the company in a report on Sunday, March 22nd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $156.47.
Honeywell International Profile
Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its Aerospace segment supplies products, software, and services for aircrafts and vehicles. This 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 connected solutions and data services for the aftermarket, as well as provides wireless connectivity and management and technical services.
See Also: Book Value Per Share – BVPS
Want to see what other hedge funds are holding HON? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Honeywell International Inc. (NYSE:HON).
Receive News & Ratings for Honeywell International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Honeywell International and related companies with MarketBeat.com's FREE daily email newsletter.