GSB Wealth Management LLC lowered its position in shares of Honeywell International Inc. (NASDAQ:HON – Free Report) by 6.9% in the first quarter, HoldingsChannel reports. The firm owned 5,838 shares of the conglomerate’s stock after selling 431 shares during the period. GSB Wealth Management LLC’s holdings in Honeywell International were worth $1,116,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Knuff & Co LLC acquired a new stake in Honeywell International in the 1st quarter valued at about $31,000. True Wealth Design LLC acquired a new stake in shares of Honeywell International during the 4th quarter worth approximately $31,000. Magellan Asset Management Ltd acquired a new stake in shares of Honeywell International during the 1st quarter worth approximately $32,000. Manitou Investment Management Ltd. acquired a new stake in shares of Honeywell International during the 1st quarter worth approximately $32,000. Finally, Silicon Valley Capital Partners acquired a new stake in shares of Honeywell International during the 4th quarter worth approximately $33,000. Institutional investors and hedge funds own 74.61% of the company’s stock.
Wall Street Analyst Weigh In
Several equities research analysts have recently commented on HON shares. Morgan Stanley lifted their price target on shares of Honeywell International from $219.00 to $221.00 in a research report on Friday, July 28th. StockNews.com began coverage on shares of Honeywell International in a research note on Monday, August 21st. They set a “hold” rating on the stock. Finally, UBS Group reduced their price objective on shares of Honeywell International from $185.00 to $180.00 and set a “sell” rating on the stock in a research note on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Honeywell International currently has an average rating of “Hold” and a consensus price target of $215.07.
Honeywell International Price Performance
NASDAQ HON opened at $189.21 on Wednesday. Honeywell International Inc. has a 12-month low of $166.63 and a 12-month high of $220.96. The company has a market capitalization of $125.63 billion, a PE ratio of 23.42, a price-to-earnings-growth ratio of 2.24 and a beta of 1.07. The firm’s 50 day moving average is $192.85 and its 200-day moving average is $195.31. The company has a quick ratio of 1.07, a current ratio of 1.41 and a debt-to-equity ratio of 0.98.
Honeywell International (NASDAQ:HON – Get Free Report) last released its quarterly earnings data on Thursday, July 27th. The conglomerate reported $2.23 EPS for the quarter, beating the consensus estimate of $2.20 by $0.03. Honeywell International had a net margin of 15.08% and a return on equity of 34.46%. The firm had revenue of $9.10 billion for the quarter, compared to the consensus estimate of $9.17 billion. During the same period in the previous year, the company earned $2.10 earnings per share. The company’s quarterly revenue was up 1.6% on a year-over-year basis. Equities research analysts anticipate that Honeywell International Inc. will post 9.16 earnings per share for the current fiscal year.
Honeywell International Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Friday, August 11th were given a $1.03 dividend. The ex-dividend date of this dividend was Thursday, August 10th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.18%. Honeywell International’s payout ratio is presently 50.99%.
Honeywell International Company Profile
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; and thermal systems, as well as wireless connectivity and management services.
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