IFC Advisors LLC Reduces Holdings in Honeywell International Inc. (NASDAQ:HON)

IFC Advisors LLC cut its holdings in Honeywell International Inc. (NASDAQ:HON) by 2.0% in the 1st quarter, HoldingsChannel reports. The fund owned 7,398 shares of the conglomerate’s stock after selling 150 shares during the period. IFC Advisors LLC’s holdings in Honeywell International were worth $1,566,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of HON. Capital World Investors acquired a new stake in shares of Honeywell International during the 4th quarter worth $1,594,216,000. GAMMA Investing LLC increased its holdings in shares of 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 buying an additional 1,320,295 shares during the last quarter. Cibc World Markets Corp increased its holdings in shares of Honeywell International by 411.8% during the 4th quarter. Cibc World Markets Corp now owns 1,265,358 shares of the conglomerate’s stock worth $285,832,000 after buying an additional 1,018,099 shares during the last quarter. Demars Financial Group LLC acquired a new stake in shares of Honeywell International during the 4th quarter worth $155,407,000. Finally, Boston Partners increased its holdings in shares of Honeywell International by 29.2% during the 4th quarter. Boston Partners now owns 2,994,634 shares of the conglomerate’s stock worth $675,986,000 after buying an additional 677,213 shares during the last quarter. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Stock Performance

NASDAQ:HON opened at $235.93 on Friday. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.25 and a quick ratio of 0.95. The firm has a 50-day moving average of $225.84 and a two-hundred day moving average of $216.42. The stock has a market cap of $151.63 billion, a P/E ratio of 27.12, a PEG ratio of 2.69 and a beta of 1.07. Honeywell International Inc. has a 1-year low of $179.36 and a 1-year high of $242.77.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings results on Tuesday, April 29th. The conglomerate reported $2.51 EPS for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $9.59 billion. During the same quarter last year, the company posted $2.25 earnings per share. The company’s quarterly revenue was up 7.9% compared to the same quarter last year. On average, research analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 16th were given a dividend of $1.13 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $4.52 annualized dividend and a dividend yield of 1.92%. Honeywell International’s payout ratio is 51.95%.

Analyst Ratings Changes

A number of research firms have recently commented on HON. Mizuho upped their price objective on Honeywell International from $235.00 to $250.00 and gave the stock an “outperform” rating in a report on Friday, May 16th. Wells Fargo & Company upped their price target on shares of Honeywell International from $225.00 to $240.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 1st. Bank of America raised shares of Honeywell International from a “neutral” rating to a “buy” rating and set a $250.00 price target for the company in a research report on Wednesday, May 7th. Barclays upped their price target on shares of Honeywell International from $258.00 to $265.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $226.00 price target on shares of Honeywell International in a research report on Wednesday, June 25th. Eight equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $250.79.

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.