Wealth Alliance Sells 887 Shares of Honeywell International Inc. (NASDAQ:HON)

Wealth Alliance lessened its holdings in Honeywell International Inc. (NASDAQ:HON) by 9.7% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,254 shares of the conglomerate’s stock after selling 887 shares during the quarter. Wealth Alliance’s holdings in Honeywell International were worth $1,762,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Price T Rowe Associates Inc. MD lifted its position in Honeywell International by 32.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,840,959 shares of the conglomerate’s stock worth $1,644,328,000 after purchasing an additional 1,899,373 shares during the period. Capital Wealth Planning LLC bought a new stake in Honeywell International during the second quarter worth about $392,478,000. Natixis lifted its position in Honeywell International by 184.8% during the first quarter. Natixis now owns 838,716 shares of the conglomerate’s stock worth $172,146,000 after purchasing an additional 544,175 shares during the period. Capital Research Global Investors lifted its holdings in shares of Honeywell International by 20.4% in the fourth quarter. Capital Research Global Investors now owns 3,189,925 shares of the conglomerate’s stock worth $668,959,000 after acquiring an additional 539,644 shares during the last quarter. Finally, First Financial Bankshares Inc bought a new position in shares of Honeywell International in the fourth quarter worth about $72,580,000. Institutional investors own 75.91% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on HON shares. Wells Fargo & Company dropped their target price on shares of Honeywell International from $220.00 to $215.00 and set an “equal weight” rating for the company in a report on Friday, July 26th. Royal Bank of Canada dropped their target price on shares of Honeywell International from $218.00 to $214.00 and set a “sector perform” rating for the company in a report on Friday, July 26th. UBS Group raised Honeywell International from a “sell” rating to a “neutral” rating and upped their price objective for the company from $175.00 to $215.00 in a research note on Monday, June 10th. Morgan Stanley initiated coverage on Honeywell International in a research note on Friday, September 6th. They issued an “equal weight” rating and a $210.00 price objective for the company. Finally, Citigroup upped their price objective on Honeywell International from $243.00 to $244.00 and gave the company a “buy” rating in a research note on Tuesday, June 4th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $223.13.

Honeywell International Stock Performance

NASDAQ:HON opened at $204.24 on Wednesday. The company has a market capitalization of $133.00 billion, a PE ratio of 23.67, a P/E/G ratio of 2.32 and a beta of 1.03. The company has a 50 day simple moving average of $205.22 and a two-hundred day simple moving average of $203.40. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.91 and a current ratio of 1.21. Honeywell International Inc. has a fifty-two week low of $174.88 and a fifty-two week high of $220.79.

Honeywell International (NASDAQ:HON) last released its earnings results on Thursday, July 25th. The conglomerate reported $2.49 earnings per share for the quarter, beating analysts’ consensus estimates of $2.42 by $0.07. The business had revenue of $9.58 billion during the quarter, compared to the consensus estimate of $9.41 billion. Honeywell International had a net margin of 15.49% and a return on equity of 36.87%. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.23 EPS. Research analysts anticipate that Honeywell International Inc. will post 10.11 earnings per share for the current year.

Honeywell International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 16th were given a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a dividend yield of 2.12%. The ex-dividend date of this dividend was Friday, August 16th. Honeywell International’s dividend payout ratio (DPR) is 50.06%.

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.