Brookstone Capital Management lowered its holdings in shares of Honeywell International Inc. (NASDAQ:HON – Get Rating) by 1.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,963 shares of the conglomerate’s stock after selling 311 shares during the period. Brookstone Capital Management’s holdings in Honeywell International were worth $4,157,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of HON. Evolution Advisers Inc. purchased a new position in Honeywell International in the fourth quarter worth about $26,000. Rather & Kittrell Inc. purchased a new position in Honeywell International in the fourth quarter worth about $32,000. FSB Premier Wealth Management Inc. purchased a new position in Honeywell International in the fourth quarter worth about $33,000. St. James Investment Advisors LLC purchased a new position in Honeywell International in the fourth quarter worth about $34,000. Finally, PYA Waltman Capital LLC purchased a new position in Honeywell International in the fourth quarter worth about $38,000. 74.27% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts have issued reports on the stock. StockNews.com initiated coverage on shares of Honeywell International in a report on Thursday, March 31st. They issued a “hold” rating for the company. Citigroup boosted their price objective on shares of Honeywell International from $229.00 to $232.00 in a report on Monday, May 2nd. TheStreet cut shares of Honeywell International from a “b” rating to a “c+” rating in a report on Friday, April 29th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Honeywell International from $243.00 to $230.00 and set a “buy” rating for the company in a report on Thursday, April 14th. Finally, Morgan Stanley decreased their price objective on shares of Honeywell International from $216.00 to $194.00 and set an “equal weight” rating for the company in a report on Tuesday, May 31st. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $227.69.
Shares of NASDAQ HON opened at $177.73 on Thursday. The firm has a 50 day moving average of $191.34 and a 200 day moving average of $193.98. The company has a current ratio of 1.21, a quick ratio of 0.94 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $120.99 billion, a price-to-earnings ratio of 23.60, a price-to-earnings-growth ratio of 2.15 and a beta of 1.05. Honeywell International Inc. has a 12-month low of $174.42 and a 12-month high of $236.86.
Honeywell International (NASDAQ:HON – Get Rating) last announced its earnings results on Friday, April 29th. The conglomerate reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.86 by $0.05. The company had revenue of $8.38 billion during the quarter, compared to analyst estimates of $8.29 billion. Honeywell International had a net margin of 15.30% and a return on equity of 30.04%. The firm’s quarterly revenue was down .9% compared to the same quarter last year. During the same period in the previous year, the business posted $1.92 earnings per share. Sell-side analysts predict that Honeywell International Inc. will post 8.68 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 3rd. Stockholders of record on Friday, May 13th were paid a $0.98 dividend. The ex-dividend date was Thursday, May 12th. This represents a $3.92 dividend on an annualized basis and a dividend yield of 2.21%. Honeywell International’s dividend payout ratio (DPR) is presently 52.06%.
Honeywell International Company Profile (Get Rating)
Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its 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; thermal systems, as well as wireless connectivity and management services.
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