Eagle Global Advisors LLC Sells 176 Shares of Honeywell International Inc. (NASDAQ:HON)

Eagle Global Advisors LLC trimmed its holdings in Honeywell International Inc. (NASDAQ:HON) by 0.2% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 80,492 shares of the conglomerate’s stock after selling 176 shares during the quarter. Eagle Global Advisors LLC’s holdings in Honeywell International were worth $17,044,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Capital World Investors bought a new stake in Honeywell International during the 4th quarter worth about $1,594,216,000. Nuveen LLC bought a new stake in Honeywell International during the 1st quarter worth about $1,150,929,000. GAMMA Investing LLC raised its holdings in Honeywell International by 20,894.0% during the 1st quarter. GAMMA Investing LLC now owns 1,326,614 shares of the conglomerate’s stock worth $2,809,110,000 after purchasing an additional 1,320,295 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd raised its holdings in Honeywell International by 592.0% during the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 867,665 shares of the conglomerate’s stock worth $183,728,000 after purchasing an additional 742,281 shares during the last quarter. Finally, Demars Financial Group LLC bought a new stake in shares of Honeywell International in the 4th quarter valued at about $155,407,000. 75.91% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on HON. Citigroup boosted their price objective on shares of Honeywell International from $242.00 to $265.00 and gave the company a “buy” rating in a report on Wednesday, June 4th. Wall Street Zen upgraded shares of Honeywell International from a “hold” rating to a “buy” rating in a report on Thursday, May 15th. Mizuho boosted their price objective 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. JPMorgan Chase & Co. increased their target price on Honeywell International from $182.00 to $217.00 and gave the stock a “neutral” rating in a research note on Friday, May 16th. Finally, Bank of America raised Honeywell International from a “neutral” rating to a “buy” rating and set a $250.00 target price for the company in a research note on Wednesday, May 7th. Eight equities research 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 MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $254.00.

Honeywell International Trading Down 0.1%

NASDAQ:HON opened at $216.33 on Monday. Honeywell International Inc. has a twelve month low of $179.36 and a twelve month high of $242.77. The company has a quick ratio of 0.97, a current ratio of 1.29 and a debt-to-equity ratio of 1.81. The business has a 50 day moving average price of $228.66 and a two-hundred day moving average price of $216.85. The company has a market cap of $137.35 billion, a P/E ratio of 24.61, a price-to-earnings-growth ratio of 2.44 and a beta of 1.08.

Honeywell International (NASDAQ:HON) last released its quarterly earnings data on Thursday, July 24th. The conglomerate reported $2.75 EPS for the quarter, beating the consensus estimate of $2.66 by $0.09. The company had revenue of $10.35 billion during the quarter, compared to the consensus estimate of $10.01 billion. Honeywell International had a return on equity of 37.37% and a net margin of 14.30%. The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.49 EPS. As a group, analysts expect that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Friday, August 15th will be issued a $1.13 dividend. This represents a $4.52 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend is Friday, August 15th. Honeywell International’s dividend payout ratio is presently 51.42%.

About Honeywell International

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.