Honeywell International Inc. $HON Shares Sold by Bank OZK

by · The Cerbat Gem

Bank OZK cut its position in shares of Honeywell International Inc. (NASDAQ:HON – Free Report) by 1.9% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,420 shares of the conglomerate’s stock after selling 65 shares during the quarter. Bank OZK’s holdings in Honeywell International were worth $724,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in HON. Nuveen LLC acquired a new position in shares of Honeywell International in the first quarter worth $1,150,929,000. GAMMA Investing LLC raised its holdings in shares of Honeywell International by 20,894.0% in the first quarter. GAMMA Investing LLC now owns 1,326,614 shares of the conglomerate’s stock worth $2,809,110,000 after acquiring an additional 1,320,295 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of Honeywell International by 8.9% in the first quarter. Wellington Management Group LLP now owns 15,751,951 shares of the conglomerate’s stock worth $3,335,476,000 after acquiring an additional 1,293,137 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd raised its holdings in shares of Honeywell International by 592.0% in the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 867,665 shares of the conglomerate’s stock worth $183,728,000 after acquiring an additional 742,281 shares during the last quarter. Finally, Leigh Baldwin & CO. LLC acquired a new position in shares of Honeywell International in the fourth quarter worth $123,294,000. 75.91% of the stock is owned by institutional investors and hedge funds.

Honeywell International Price Performance

HON stock opened at $216.40 on Tuesday. The stock has a 50-day moving average price of $227.50 and a two-hundred day moving average price of $216.62. Honeywell International Inc. has a 12-month low of $179.36 and a 12-month high of $242.77. The company has a current ratio of 1.29, a quick ratio of 0.97 and a debt-to-equity ratio of 1.81. The company has a market cap of $137.39 billion, a PE ratio of 24.62, a price-to-earnings-growth ratio of 2.45 and a beta of 1.08.

Honeywell International (NASDAQ:HON – Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The conglomerate reported $2.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.66 by $0.09. Honeywell International had a return on equity of 37.37% and a net margin of 14.30%. The firm had revenue of $10.35 billion during the quarter, compared to the consensus estimate of $10.01 billion. During the same quarter in the previous year, the business earned $2.49 earnings per share. The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. As a group, research analysts predict that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Friday, August 15th will be given a $1.13 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a $4.52 annualized dividend and a dividend yield of 2.1%. Honeywell International’s dividend payout ratio is presently 51.42%.

Wall Street Analysts Forecast Growth

HON has been the subject of a number of analyst reports. Royal Bank Of Canada cut their price target on Honeywell International from $254.00 to $253.00 and set a “sector perform” rating for the company in a report on Friday, July 25th. Morgan Stanley upped their target price on Honeywell International from $225.00 to $245.00 and gave the company an “equal weight” rating in a research note on Monday, July 28th. Bank of America upgraded Honeywell International from a “neutral” rating to a “buy” rating and set a $250.00 target price for the company in a research note on Wednesday, May 7th. Barclays upped their target price on Honeywell International from $258.00 to $265.00 and gave the company an “overweight” rating in a research note on Wednesday, July 9th. Finally, Wall Street Zen upgraded Honeywell International from a “hold” rating to a “buy” rating in a research note on Thursday, May 15th. Eight research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $254.00.

View Our Latest Stock Report on Honeywell International

Honeywell International Company Profile

(Free Report)

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.

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