Objective Capital Management LLC Trims Position in Honeywell International Inc. (NASDAQ:HON)

Objective Capital Management LLC trimmed its stake in Honeywell International Inc. (NASDAQ:HON) by 14.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,048 shares of the conglomerate’s stock after selling 171 shares during the period. Objective Capital Management LLC’s holdings in Honeywell International were worth $215,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Torray Investment Partners LLC raised its holdings in shares of Honeywell International by 0.3% in the 4th quarter. Torray Investment Partners LLC now owns 58,708 shares of the conglomerate’s stock valued at $12,312,000 after purchasing an additional 190 shares in the last quarter. Boyd Watterson Asset Management LLC OH raised its stake in Honeywell International by 0.3% in the fourth quarter. Boyd Watterson Asset Management LLC OH now owns 26,817 shares of the conglomerate’s stock worth $5,624,000 after buying an additional 89 shares in the last quarter. Adell Harriman & Carpenter Inc. raised its stake in Honeywell International by 2.1% in the fourth quarter. Adell Harriman & Carpenter Inc. now owns 57,231 shares of the conglomerate’s stock worth $12,002,000 after buying an additional 1,189 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in Honeywell International by 2.9% during the fourth quarter. Nisa Investment Advisors LLC now owns 225,185 shares of the conglomerate’s stock worth $47,224,000 after buying an additional 6,253 shares during the period. Finally, Connectus Wealth LLC increased its holdings in shares of Honeywell International by 2.2% in the 4th quarter. Connectus Wealth LLC now owns 224,661 shares of the conglomerate’s stock valued at $47,128,000 after acquiring an additional 4,789 shares during the period. 75.91% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Honeywell International

In other news, Director Darius Adamczyk sold 28,500 shares of the stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $203.96, for a total value of $5,812,860.00. Following the sale, the director now owns 203,510 shares in the company, valued at $41,507,899.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.41% of the company’s stock.

Honeywell International Stock Performance

Shares of NASDAQ:HON traded down $0.89 on Friday, hitting $203.69. 3,377,778 shares of the company were exchanged, compared to its average volume of 2,908,121. The firm has a market capitalization of $132.33 billion, a P/E ratio of 23.60, a price-to-earnings-growth ratio of 2.32 and a beta of 1.04. The company has a current ratio of 1.21, a quick ratio of 0.91 and a debt-to-equity ratio of 1.19. Honeywell International Inc. has a 1-year low of $174.88 and a 1-year high of $220.79. The stock’s 50 day moving average price is $210.09 and its 200 day moving average price is $202.59.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings results on Thursday, July 25th. The conglomerate reported $2.49 EPS for the quarter, topping analysts’ consensus estimates of $2.42 by $0.07. The company had revenue of $9.58 billion during the quarter, compared to analysts’ expectations of $9.41 billion. Honeywell International had a return on equity of 36.87% and a net margin of 15.49%. The firm’s revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.23 EPS. Sell-side analysts predict that Honeywell International Inc. will post 10.14 EPS for the current year.

Honeywell International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Friday, August 16th will be given a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date of this dividend is Friday, August 16th. Honeywell International’s dividend payout ratio is presently 50.06%.

Analyst Upgrades and Downgrades

HON has been the subject of a number of analyst reports. UBS Group upgraded Honeywell International from a “sell” rating to a “neutral” rating and upped their price objective for the stock from $175.00 to $215.00 in a research note on Monday, June 10th. StockNews.com cut shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Saturday. Citigroup boosted their price objective on shares of Honeywell International from $243.00 to $244.00 and gave the stock a “buy” rating in a research note on Tuesday, June 4th. Daiwa America upgraded shares of Honeywell International to a “moderate buy” rating in a research note on Wednesday, June 5th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $215.00 price target (down from $227.00) on shares of Honeywell International in a research report on Tuesday, April 16th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Honeywell International currently has a consensus rating of “Hold” and a consensus price target of $225.00.

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.