Honeywell International Inc. (NASDAQ:HON) Shares Acquired by Sage Capital Advisors llc

Sage Capital Advisors llc lifted its position in Honeywell International Inc. (NASDAQ:HON) by 34.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,989 shares of the conglomerate’s stock after purchasing an additional 6,419 shares during the period. Honeywell International comprises about 1.4% of Sage Capital Advisors llc’s portfolio, making the stock its 26th biggest holding. Sage Capital Advisors llc’s holdings in Honeywell International were worth $5,291,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in HON. Mainstream Capital Management LLC purchased a new stake in shares of Honeywell International during the 4th quarter worth about $25,000. Avalon Trust Co boosted its position in Honeywell International by 166.7% during the fourth quarter. Avalon Trust Co now owns 120 shares of the conglomerate’s stock worth $27,000 after purchasing an additional 75 shares in the last quarter. Mpwm Advisory Solutions LLC purchased a new position in Honeywell International during the fourth quarter worth approximately $29,000. Accredited Wealth Management LLC acquired a new stake in Honeywell International in the fourth quarter valued at approximately $34,000. Finally, Curio Wealth LLC purchased a new stake in shares of Honeywell International in the fourth quarter valued at approximately $35,000. 75.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on HON shares. Citigroup dropped their price target on shares of Honeywell International from $253.00 to $229.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Morgan Stanley increased their price objective on shares of Honeywell International from $210.00 to $217.00 and gave the company an “equal weight” rating in a report on Tuesday, February 11th. Wells Fargo & Company boosted their target price on shares of Honeywell International from $205.00 to $225.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 30th. Barclays decreased their price target on shares of Honeywell International from $247.00 to $243.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 30th. Finally, Wall Street Zen upgraded Honeywell International from a “hold” rating to a “buy” rating in a research note on Thursday, May 15th. Eight investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $245.57.

Honeywell International Stock Performance

Shares of Honeywell International stock opened at $225.19 on Friday. The business’s 50 day moving average price is $208.74 and its 200 day moving average price is $216.38. The company has a market cap of $144.73 billion, a price-to-earnings ratio of 25.85, a PEG ratio of 2.51 and a beta of 1.07. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.01 and a current ratio of 1.31. Honeywell International Inc. has a one year low of $179.36 and a one year high of $242.77.

Honeywell International (NASDAQ:HON) last issued its earnings results on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.21 by $0.30. The business had revenue of $9.82 billion during the quarter, compared to the consensus estimate of $9.59 billion. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same period last year, the company earned $2.25 EPS. On average, research analysts predict that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 16th will be paid a dividend of $1.13 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $4.52 annualized dividend and a yield of 2.01%. Honeywell International’s dividend payout ratio (DPR) is 51.95%.

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.