Captrust Financial Advisors Sells 99,540 Shares of Honeywell International Inc. (NASDAQ:HON)

Captrust Financial Advisors lowered its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 26.3% during the 1st quarter, HoldingsChannel.com reports. The firm owned 279,226 shares of the conglomerate’s stock after selling 99,540 shares during the quarter. Captrust Financial Advisors’ holdings in Honeywell International were worth $57,311,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. Assenagon Asset Management S.A. boosted its position in Honeywell International by 2.7% during the fourth quarter. Assenagon Asset Management S.A. now owns 18,550 shares of the conglomerate’s stock valued at $3,890,000 after purchasing an additional 483 shares in the last quarter. Quent Capital LLC boosted its position in Honeywell International by 10.7% during the fourth quarter. Quent Capital LLC now owns 1,645 shares of the conglomerate’s stock valued at $345,000 after purchasing an additional 159 shares in the last quarter. AlphaMark Advisors LLC boosted its position in Honeywell International by 10.2% during the fourth quarter. AlphaMark Advisors LLC now owns 661 shares of the conglomerate’s stock valued at $139,000 after purchasing an additional 61 shares in the last quarter. ICICI Prudential Asset Management Co Ltd boosted its position in Honeywell International by 1.9% during the fourth quarter. ICICI Prudential Asset Management Co Ltd now owns 26,198 shares of the conglomerate’s stock valued at $5,494,000 after purchasing an additional 491 shares in the last quarter. Finally, Chatham Capital Group Inc. boosted its position in Honeywell International by 1.2% during the fourth quarter. Chatham Capital Group Inc. now owns 12,255 shares of the conglomerate’s stock valued at $2,570,000 after purchasing an additional 150 shares in the last quarter. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Honeywell International Stock Performance

Shares of NASDAQ:HON traded up $1.29 during trading on Tuesday, hitting $202.69. The stock had a trading volume of 759,050 shares, compared to its average volume of 2,894,115. Honeywell International Inc. has a 12-month low of $174.88 and a 12-month high of $220.79. The stock has a market capitalization of $131.68 billion, a price-to-earnings ratio of 23.53, a price-to-earnings-growth ratio of 2.12 and a beta of 1.04. The company has a quick ratio of 0.91, a current ratio of 1.21 and a debt-to-equity ratio of 1.19. The stock has a 50-day simple moving average of $209.89 and a two-hundred day simple moving average of $202.53.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings results on Thursday, July 25th. The conglomerate reported $2.49 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 36.87% and a net margin of 15.49%. Honeywell International’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period last year, the business earned $2.23 earnings per share. On average, equities research analysts expect that Honeywell International Inc. will post 10.15 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Friday, August 16th will be given a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a yield of 2.13%. The ex-dividend date is Friday, August 16th. Honeywell International’s dividend payout ratio is currently 50.06%.

Insider Activity at Honeywell International

In related news, Director Darius Adamczyk sold 28,500 shares of Honeywell International stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $203.96, for a total transaction of $5,812,860.00. Following the completion of the transaction, the director now directly owns 203,510 shares in the company, valued at $41,507,899.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.41% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

HON has been the topic of a number of recent research reports. Royal Bank of Canada dropped their price objective on Honeywell International from $218.00 to $214.00 and set a “sector perform” rating on the stock in a research report on Friday. Citigroup increased their price target on Honeywell International from $243.00 to $244.00 and gave the company a “buy” rating in a research note on Tuesday, June 4th. Wells Fargo & Company decreased their price target on Honeywell International from $220.00 to $215.00 and set an “equal weight” rating for the company in a research note on Friday. Barclays increased their price target on Honeywell International from $230.00 to $232.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. Finally, UBS Group upgraded Honeywell International from a “sell” rating to a “neutral” rating and increased their price target for the company from $175.00 to $215.00 in a research note on Monday, June 10th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $225.00.

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.