Honeywell International Inc. (NASDAQ:HON) Shares Sold by AlTi Global Inc.

AlTi Global Inc. reduced its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 2.6% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 21,979 shares of the conglomerate’s stock after selling 597 shares during the quarter. AlTi Global Inc.’s holdings in Honeywell International were worth $4,693,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Cypress Wealth Services LLC lifted its stake in shares of Honeywell International by 2.5% during the second quarter. Cypress Wealth Services LLC now owns 1,952 shares of the conglomerate’s stock worth $417,000 after buying an additional 47 shares during the period. Bard Financial Services Inc. lifted its stake in shares of Honeywell International by 0.3% during the second quarter. Bard Financial Services Inc. now owns 17,594 shares of the conglomerate’s stock worth $3,757,000 after buying an additional 50 shares during the period. Quent Capital LLC lifted its stake in shares of Honeywell International by 3.0% during the second quarter. Quent Capital LLC now owns 1,773 shares of the conglomerate’s stock worth $379,000 after buying an additional 51 shares during the period. Lansing Street Advisors lifted its stake in shares of Honeywell International by 5.0% during the second quarter. Lansing Street Advisors now owns 1,077 shares of the conglomerate’s stock worth $230,000 after buying an additional 51 shares during the period. Finally, Sivia Capital Partners LLC lifted its stake in shares of Honeywell International by 3.9% during the second quarter. Sivia Capital Partners LLC now owns 1,430 shares of the conglomerate’s stock worth $305,000 after buying an additional 54 shares during the period. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on HON. Morgan Stanley began coverage on shares of Honeywell International in a research report on Friday, September 6th. They set an “equal weight” rating and a $210.00 target price for the company. Wells Fargo & Company decreased 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 research report on Friday, July 26th. Citigroup boosted their target price on shares of Honeywell International from $243.00 to $244.00 and gave the company a “buy” rating in a research report on Tuesday, June 4th. UBS Group upgraded shares of Honeywell International from a “sell” rating to a “neutral” rating and boosted their target price for the company from $175.00 to $215.00 in a research report on Monday, June 10th. Finally, StockNews.com downgraded shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Friday, August 30th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $223.13.

Honeywell International Stock Up 0.7 %

HON opened at $205.27 on Wednesday. Honeywell International Inc. has a fifty-two week low of $174.88 and a fifty-two week high of $220.79. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.91 and a current ratio of 1.21. The company has a fifty day moving average of $204.00 and a two-hundred day moving average of $203.52. The stock has a market capitalization of $133.36 billion, a price-to-earnings ratio of 23.79, a PEG ratio of 2.32 and a beta of 1.03.

Honeywell International (NASDAQ:HON) last released its quarterly earnings data 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 company had revenue of $9.58 billion during the quarter, compared to analysts’ expectations of $9.41 billion. Honeywell International had a net margin of 15.49% and a return on equity of 36.87%. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.23 earnings per share. On average, research analysts expect that Honeywell International Inc. will post 10.11 earnings per share for the current year.

Honeywell International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 16th were paid a dividend of $1.08 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.10%. Honeywell International’s dividend payout ratio is currently 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.