Sachetta LLC Reduces Position in Honeywell International Inc. (NASDAQ:HON)

Sachetta LLC decreased its position in shares of Honeywell International Inc. (NASDAQ:HON) by 10.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 700 shares of the conglomerate’s stock after selling 79 shares during the period. Sachetta LLC’s holdings in Honeywell International were worth $142,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Gryphon Financial Partners LLC increased its stake in Honeywell International by 211.0% in the 4th quarter. Gryphon Financial Partners LLC now owns 5,384 shares of the conglomerate’s stock valued at $1,130,000 after buying an additional 3,653 shares during the period. AlphaStar Capital Management LLC acquired a new stake in shares of Honeywell International in the 4th quarter valued at approximately $287,000. Checchi Capital Advisers LLC boosted its stake in shares of Honeywell International by 6.1% in the fourth quarter. Checchi Capital Advisers LLC now owns 7,858 shares of the conglomerate’s stock valued at $1,648,000 after buying an additional 454 shares in the last quarter. Avantax Advisory Services Inc. grew its holdings in Honeywell International by 3.5% during the fourth quarter. Avantax Advisory Services Inc. now owns 32,786 shares of the conglomerate’s stock worth $6,876,000 after acquiring an additional 1,121 shares during the period. Finally, Advisor OS LLC purchased a new position in Honeywell International in the fourth quarter worth $286,000. 75.91% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on HON. Daiwa America raised shares of Honeywell International to a “moderate buy” rating in a research note on Wednesday, June 5th. StockNews.com cut shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Friday, August 30th. Wells Fargo & Company lowered their price target on Honeywell International from $220.00 to $215.00 and set an “equal weight” rating on the stock in a report on Friday, July 26th. UBS Group upgraded shares of Honeywell International from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $175.00 to $215.00 in a research report on Monday, June 10th. Finally, Morgan Stanley initiated coverage on shares of Honeywell International in a report on Friday. They issued an “equal weight” rating and a $210.00 price target on the stock. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $223.13.

Honeywell International Stock Up 1.5 %

Shares of NASDAQ HON opened at $201.16 on Tuesday. The firm has a market cap of $130.69 billion, a P/E ratio of 23.31, a price-to-earnings-growth ratio of 2.25 and a beta of 1.03. 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 1 year low of $174.88 and a 1 year high of $220.79. The firm’s 50 day moving average price is $206.21 and its 200 day moving average price is $203.19.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings data on Thursday, July 25th. The conglomerate reported $2.49 EPS for the quarter, beating analysts’ consensus estimates of $2.42 by $0.07. Honeywell International had a return on equity of 36.87% and a net margin of 15.49%. The business had revenue of $9.58 billion during the quarter, compared to the consensus estimate of $9.41 billion. During the same quarter in the previous year, the business earned $2.23 earnings per share. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Honeywell International Inc. will post 10.12 earnings per share for the current year.

Honeywell International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 16th were issued a dividend of $1.08 per share. The ex-dividend date was Friday, August 16th. This represents a $4.32 annualized dividend and a dividend yield of 2.15%. Honeywell International’s 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.