Honeywell International Inc. (NASDAQ:HON) Shares Sold by Zhang Financial LLC

Zhang Financial LLC reduced its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 0.6% in the 1st quarter, HoldingsChannel reports. The firm owned 12,566 shares of the conglomerate’s stock after selling 73 shares during the quarter. Zhang Financial LLC’s holdings in Honeywell International were worth $2,661,000 at the end of the most recent reporting period.

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

Honeywell International Stock Performance

NASDAQ HON opened at $225.82 on Thursday. The firm’s fifty day moving average price is $211.75 and its two-hundred day moving average price is $216.20. The company has a current ratio of 1.31, a quick ratio of 1.01 and a debt-to-equity ratio of 1.33. The firm has a market capitalization of $145.13 billion, a P/E ratio of 25.93, a price-to-earnings-growth ratio of 2.51 and a beta of 1.08. Honeywell International Inc. has a 1 year low of $179.36 and a 1 year high of $242.77.

Honeywell International (NASDAQ:HON) last released its quarterly earnings results on Tuesday, April 29th. The conglomerate reported $2.51 EPS for the quarter, topping analysts’ consensus estimates of $2.21 by $0.30. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. The business had revenue of $9.82 billion for the quarter, compared to analyst estimates of $9.59 billion. During the same period last year, the firm earned $2.25 earnings per share. Honeywell International’s revenue for the quarter was up 7.9% compared to the same quarter last year. As a group, research analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 16th were given a dividend of $1.13 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $4.52 annualized dividend and a yield of 2.00%. Honeywell International’s dividend payout ratio is presently 51.95%.

Wall Street Analyst Weigh In

HON has been the topic of several research reports. Bank of America upgraded shares of 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. Citigroup increased their price objective on shares of Honeywell International from $242.00 to $265.00 and gave the company a “buy” rating in a report on Wednesday, June 4th. Mizuho raised their target price on shares of Honeywell International from $235.00 to $250.00 and gave the stock an “outperform” rating in a report on Friday, May 16th. Wells Fargo & Company raised their price objective on shares of Honeywell International from $205.00 to $225.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 30th. Finally, Wall Street Zen raised shares of Honeywell International from a “hold” rating to a “buy” rating in a research note on Thursday, May 15th. Eight analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $248.14.

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.