Catalina Capital Group LLC Trims Stake in Honeywell International Inc. (NASDAQ:HON)

Catalina Capital Group LLC lowered its holdings in Honeywell International Inc. (NASDAQ:HON) by 56.9% during the first quarter, Holdings Channel.com reports. The firm owned 991 shares of the conglomerate’s stock after selling 1,306 shares during the period. Catalina Capital Group LLC’s holdings in Honeywell International were worth $210,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Mainstream Capital Management LLC purchased a new stake in shares of Honeywell International in the 4th quarter valued at $25,000. Avalon Trust Co raised its holdings in shares of Honeywell International by 166.7% in the 4th quarter. Avalon Trust Co now owns 120 shares of the conglomerate’s stock valued at $27,000 after buying an additional 75 shares during the period. Mpwm Advisory Solutions LLC purchased a new stake in shares of Honeywell International in the 4th quarter valued at $29,000. Accredited Wealth Management LLC purchased a new stake in shares of Honeywell International in the 4th quarter valued at $34,000. Finally, Curio Wealth LLC purchased a new stake in shares of Honeywell International in the 4th quarter valued at $35,000. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on HON shares. Mizuho boosted their price objective on Honeywell International from $235.00 to $250.00 and gave the company an “outperform” rating in a report on Friday, May 16th. Citigroup boosted their price objective on Honeywell International from $242.00 to $265.00 and gave the company a “buy” rating in a report on Wednesday, June 4th. Wells Fargo & Company boosted their price objective on Honeywell International from $205.00 to $225.00 and gave the company an “equal weight” rating in a report on Wednesday, April 30th. JPMorgan Chase & Co. boosted their price objective on Honeywell International from $182.00 to $217.00 and gave the company a “neutral” rating in a report on Friday, May 16th. Finally, Royal Bank Of Canada boosted their target price on Honeywell International from $211.00 to $226.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 30th. Eight investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Honeywell International has an average rating of “Moderate Buy” and a consensus target price of $249.21.

Honeywell International Trading Up 0.0%

NASDAQ:HON opened at $221.87 on Thursday. The stock has a 50-day simple moving average of $215.09 and a 200-day simple moving average of $215.96. The stock has a market cap of $142.59 billion, a P/E ratio of 25.50, a P/E/G ratio of 2.59 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. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.95 and a current ratio of 1.25.

Honeywell International (NASDAQ:HON) last released its quarterly earnings data on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share (EPS) for the quarter, topping the consensus estimate 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 return on equity of 36.19% and a net margin of 14.51%. The business’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.25 EPS. As a group, analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Stockholders 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 dividend yield of 2.04%. Honeywell International’s dividend payout ratio is currently 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.