Hendley & Co. Inc. Cuts Stock Position in Honeywell International Inc. (NASDAQ:HON)

Hendley & Co. Inc. lessened its holdings in Honeywell International Inc. (NASDAQ:HON) by 0.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 19,685 shares of the conglomerate’s stock after selling 50 shares during the period. Honeywell International comprises approximately 1.5% of Hendley & Co. Inc.’s holdings, making the stock its 26th biggest holding. Hendley & Co. Inc.’s holdings in Honeywell International were worth $4,168,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. World Investment Advisors grew its holdings in Honeywell International by 137.7% during the 4th quarter. World Investment Advisors now owns 22,387 shares of the conglomerate’s stock valued at $5,057,000 after purchasing an additional 12,969 shares in the last quarter. Coordinated Financial Services Inc. acquired a new stake in Honeywell International during the 4th quarter valued at $361,000. Schroder Investment Management Group grew its holdings in Honeywell International by 12.7% during the 4th quarter. Schroder Investment Management Group now owns 89,297 shares of the conglomerate’s stock valued at $20,235,000 after purchasing an additional 10,092 shares in the last quarter. Red Door Wealth Management LLC grew its holdings in Honeywell International by 2.6% during the 1st quarter. Red Door Wealth Management LLC now owns 29,090 shares of the conglomerate’s stock valued at $6,160,000 after purchasing an additional 736 shares in the last quarter. Finally, Potomac Fund Management Inc. ADV acquired a new stake in Honeywell International during the 4th quarter valued at $1,722,000. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Trading Up 0.5%

NASDAQ HON opened at $240.52 on Friday. Honeywell International Inc. has a one year low of $179.36 and a one year high of $242.77. The company has a 50-day simple moving average of $222.98 and a 200-day simple moving average of $215.99. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.95 and a current ratio of 1.25. The firm has a market capitalization of $154.57 billion, a PE ratio of 27.65, a price-to-earnings-growth ratio of 2.75 and a beta of 1.07.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings results on Tuesday, April 29th. The conglomerate reported $2.51 EPS for the quarter, beating the consensus estimate of $2.21 by $0.30. Honeywell International had a net margin of 14.51% and a return on equity of 36.19%. The business had revenue of $9.82 billion during the quarter, compared to analyst estimates of $9.59 billion. During the same period in the previous year, the business posted $2.25 EPS. The company’s quarterly revenue was up 7.9% on a year-over-year basis. On average, equities analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 16th were issued a $1.13 dividend. This represents a $4.52 annualized dividend and a dividend yield of 1.88%. The ex-dividend date was Friday, May 16th. Honeywell International’s dividend payout ratio (DPR) is presently 51.95%.

Analyst Upgrades and Downgrades

HON has been the subject of a number of recent analyst reports. Mizuho raised their price target on shares of Honeywell International from $235.00 to $250.00 and gave the company an “outperform” rating in a report on Friday, May 16th. Wall Street Zen raised shares of Honeywell International from a “hold” rating to a “buy” rating in a report on Thursday, May 15th. JPMorgan Chase & Co. raised their price objective on shares of Honeywell International from $182.00 to $217.00 and gave the stock a “neutral” rating in a report on Friday, May 16th. Citigroup raised their price objective on shares of Honeywell International from $242.00 to $265.00 and gave the stock a “buy” rating in a report on Wednesday, June 4th. Finally, Wells Fargo & Company raised their price objective on shares of Honeywell International from $225.00 to $240.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 1st. Eight investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $250.29.

Honeywell International Company 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.