Wealth Alliance Has $1.76 Million Stake in Honeywell International Inc. (NASDAQ:HON)

Wealth Alliance decreased its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 9.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,254 shares of the conglomerate’s stock after selling 887 shares during the quarter. Wealth Alliance’s holdings in Honeywell International were worth $1,762,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of HON. LGT Group Foundation acquired a new stake in shares of Honeywell International during the 1st quarter worth approximately $26,000. Scarborough Advisors LLC bought a new position in Honeywell International during the 4th quarter worth approximately $27,000. Richardson Capital Management LLC bought a new position in Honeywell International during the 1st quarter worth approximately $35,000. Financial Connections Group Inc. bought a new position in Honeywell International during the 2nd quarter worth approximately $38,000. Finally, Pathway Financial Advisers LLC bought a new position in Honeywell International during the 1st quarter worth approximately $39,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on HON shares. StockNews.com lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a research note on Friday, August 30th. Citigroup lifted 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 raised shares of Honeywell International to a “moderate buy” rating in a research note on Wednesday, June 5th. UBS Group raised shares of Honeywell International from a “sell” rating to a “neutral” rating and lifted their price target for the company from $175.00 to $215.00 in a research note on Monday, June 10th. Finally, Royal Bank of Canada cut their price target on shares of Honeywell International from $218.00 to $214.00 and set a “sector perform” rating on the stock in a research note on Friday, July 26th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Honeywell International has a consensus rating of “Hold” and an average price target of $223.13.

Honeywell International Stock Performance

Shares of HON stock opened at $204.24 on Wednesday. The company’s fifty day simple moving average is $205.22 and its 200-day simple moving average is $203.40. The company has a quick ratio of 0.91, a current ratio of 1.21 and a debt-to-equity ratio of 1.19. The firm has a market cap of $133.00 billion, a PE ratio of 23.67, a P/E/G ratio of 2.32 and a beta of 1.03. Honeywell International Inc. has a 12 month low of $174.88 and a 12 month high of $220.79.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings data on Thursday, July 25th. The conglomerate reported $2.49 EPS for the quarter, topping analysts’ consensus estimates of $2.42 by $0.07. The business had revenue of $9.58 billion for the quarter, compared to analyst estimates of $9.41 billion. Honeywell International had a net margin of 15.49% and a return on equity of 36.87%. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.23 earnings per share. Equities research analysts expect that Honeywell International Inc. will post 10.11 EPS for the current fiscal year.

Honeywell International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 16th were issued a dividend of $1.08 per share. The ex-dividend date was Friday, August 16th. This represents a $4.32 dividend on an annualized basis and a yield of 2.12%. Honeywell International’s payout ratio is 50.06%.

Honeywell International 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.