Honeywell International Inc. (NASDAQ:HON) Shares Sold by Azimuth Capital Investment Management LLC

Azimuth Capital Investment Management LLC reduced its position in Honeywell International Inc. (NASDAQ:HON) by 1.5% in the 1st quarter, HoldingsChannel.com reports. The fund owned 12,472 shares of the conglomerate’s stock after selling 193 shares during the quarter. Azimuth Capital Investment Management LLC’s holdings in Honeywell International were worth $2,641,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Maia Wealth LLC grew its position in shares of Honeywell International by 4.1% during the first quarter. Maia Wealth LLC now owns 1,189 shares of the conglomerate’s stock worth $238,000 after buying an additional 47 shares in the last quarter. Kirtland Hills Capital Management LLC grew its position in shares of Honeywell International by 1.1% during the first quarter. Kirtland Hills Capital Management LLC now owns 4,424 shares of the conglomerate’s stock worth $870,000 after buying an additional 48 shares in the last quarter. Sound View Wealth Advisors Group LLC grew its position in shares of Honeywell International by 0.6% during the first quarter. Sound View Wealth Advisors Group LLC now owns 8,769 shares of the conglomerate’s stock worth $1,857,000 after buying an additional 48 shares in the last quarter. Gateway Wealth Partners LLC grew its position in shares of Honeywell International by 2.5% during the first quarter. Gateway Wealth Partners LLC now owns 2,044 shares of the conglomerate’s stock worth $433,000 after buying an additional 49 shares in the last quarter. Finally, Cetera Trust Company N.A grew its position in shares of Honeywell International by 0.5% during the first quarter. Cetera Trust Company N.A now owns 10,475 shares of the conglomerate’s stock worth $2,218,000 after buying an additional 50 shares in the last quarter. 75.91% of the stock is owned by institutional investors and hedge funds.

Honeywell International Price Performance

Shares of NASDAQ HON opened at $216.77 on Friday. The company has a current ratio of 1.29, a quick ratio of 0.97 and a debt-to-equity ratio of 1.81. Honeywell International Inc. has a twelve month low of $179.36 and a twelve month high of $242.77. The stock has a 50 day moving average of $227.72 and a two-hundred day moving average of $216.75. The stock has a market cap of $137.63 billion, a P/E ratio of 24.66, a P/E/G ratio of 2.46 and a beta of 1.08.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings data on Thursday, July 24th. The conglomerate reported $2.75 earnings per share for the quarter, beating analysts’ consensus estimates of $2.66 by $0.09. Honeywell International had a return on equity of 37.37% and a net margin of 14.30%. The company had revenue of $10.35 billion during the quarter, compared to analysts’ expectations of $10.01 billion. During the same quarter in the previous year, the business earned $2.49 earnings per share. The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. On average, research analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Friday, August 15th will be paid a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Friday, August 15th. Honeywell International’s dividend payout ratio is 51.42%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on HON. Citigroup boosted their price objective on Honeywell International from $242.00 to $265.00 and gave the stock a “buy” rating in a research report on Wednesday, June 4th. Morgan Stanley boosted their price objective on Honeywell International from $225.00 to $245.00 and gave the stock an “equal weight” rating in a research report on Monday, July 28th. Mizuho boosted their target price on Honeywell International from $235.00 to $250.00 and gave the stock an “outperform” rating in a research note on Friday, May 16th. Barclays boosted their target price on Honeywell International from $258.00 to $265.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 9th. Finally, Wells Fargo & Company decreased their target price on Honeywell International from $240.00 to $230.00 and set an “equal weight” rating for the company in a research note on Friday, July 25th. Eight equities research analysts have rated the stock with a hold rating, nine have issued 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 a consensus rating of “Moderate Buy” and an average price target of $254.00.

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.