Honeywell International Inc. (NASDAQ:HON) Shares Sold by BigSur Wealth Management LLC

BigSur Wealth Management LLC decreased its position in shares of Honeywell International Inc. (NASDAQ:HON) by 6.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,598 shares of the conglomerate’s stock after selling 1,700 shares during the period. Honeywell International comprises 1.4% of BigSur Wealth Management LLC’s investment portfolio, making the stock its 15th biggest position. BigSur Wealth Management LLC’s holdings in Honeywell International were worth $5,209,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. World Investment Advisors lifted its stake in Honeywell International by 137.7% during the 4th quarter. World Investment Advisors now owns 22,387 shares of the conglomerate’s stock worth $5,057,000 after acquiring an additional 12,969 shares in the last quarter. Coordinated Financial Services Inc. purchased a new stake in Honeywell International during the 4th quarter worth about $361,000. Schroder Investment Management Group increased 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 worth $20,235,000 after purchasing an additional 10,092 shares during the period. Raymond James Financial Inc. purchased a new stake in Honeywell International during the 4th quarter worth about $435,786,000. Finally, Dynasty Wealth Management LLC increased its holdings in Honeywell International by 52.1% during the 4th quarter. Dynasty Wealth Management LLC now owns 11,330 shares of the conglomerate’s stock worth $2,559,000 after purchasing an additional 3,879 shares during the period. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Stock Down 0.8%

Shares of NASDAQ HON opened at $224.29 on Friday. The stock has a market cap of $144.15 billion, a PE ratio of 25.75, a price-to-earnings-growth ratio of 2.51 and a beta of 1.08. The company has a quick ratio of 1.01, a current ratio of 1.31 and a debt-to-equity ratio of 1.33. Honeywell International Inc. has a 52-week low of $179.36 and a 52-week high of $242.77. The business has a 50-day moving average price of $213.35 and a 200 day moving average price of $216.13.

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

Honeywell International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 16th were given a $1.13 dividend. The ex-dividend date was Friday, May 16th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.02%. Honeywell International’s dividend payout ratio (DPR) is presently 51.95%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Wall Street Zen upgraded Honeywell International from a “hold” rating to a “buy” rating in a report on Thursday, May 15th. Barclays cut their price target on Honeywell International from $247.00 to $243.00 and set an “overweight” rating on the stock in a report on Wednesday, April 30th. JPMorgan Chase & Co. upped their price target on Honeywell International from $182.00 to $217.00 and gave the stock a “neutral” rating in a report on Friday, May 16th. Wells Fargo & Company upped their price target on Honeywell International from $205.00 to $225.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 30th. Finally, Bank of America upgraded Honeywell International from a “neutral” rating to a “buy” rating and set a $250.00 price objective on the stock in a report on Wednesday, May 7th. Eight 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, Honeywell International has an average rating of “Moderate Buy” and an average price target of $248.14.

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.