Honeywell International Inc. (NASDAQ:HON) Position Cut by Capital One Financial Corp

Capital One Financial Corp trimmed its stake in Honeywell International Inc. (NASDAQ:HONGet Rating) by 34.9% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 1,591 shares of the conglomerate’s stock after selling 853 shares during the quarter. Capital One Financial Corp’s holdings in Honeywell International were worth $309,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Evolution Advisers Inc. acquired a new position in Honeywell International during the fourth quarter worth about $26,000. Rather & Kittrell Inc. acquired a new position in Honeywell International during the fourth quarter worth about $32,000. FSB Premier Wealth Management Inc. acquired a new position in Honeywell International during the fourth quarter worth about $33,000. St. James Investment Advisors LLC acquired a new position in Honeywell International during the fourth quarter worth about $34,000. Finally, PYA Waltman Capital LLC acquired a new position in Honeywell International during the fourth quarter worth about $38,000. Institutional investors own 74.27% of the company’s stock.

Shares of Honeywell International stock opened at $177.73 on Thursday. The firm has a market cap of $120.99 billion, a price-to-earnings ratio of 23.60, a P/E/G ratio of 2.16 and a beta of 1.05. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.21 and a quick ratio of 0.94. Honeywell International Inc. has a 52-week low of $174.42 and a 52-week high of $236.86. The stock has a 50-day simple moving average of $191.34 and a 200-day simple moving average of $193.98.

Honeywell International (NASDAQ:HONGet Rating) last announced its quarterly earnings results on Friday, April 29th. The conglomerate reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.86 by $0.05. The business had revenue of $8.38 billion during the quarter, compared to analyst estimates of $8.29 billion. Honeywell International had a return on equity of 30.04% and a net margin of 15.30%. The firm’s revenue was down .9% on a year-over-year basis. During the same period in the previous year, the company earned $1.92 EPS. As a group, equities research analysts predict that Honeywell International Inc. will post 8.68 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, June 3rd. Stockholders of record on Friday, May 13th were issued a dividend of $0.98 per share. The ex-dividend date was Thursday, May 12th. This represents a $3.92 annualized dividend and a dividend yield of 2.21%. Honeywell International’s dividend payout ratio is 52.06%.

In related news, CEO Darius Adamczyk sold 40,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 10th. The stock was sold at an average price of $194.52, for a total value of $7,780,800.00. Following the transaction, the chief executive officer now directly owns 165,015 shares of the company’s stock, valued at approximately $32,098,717.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.45% of the stock is owned by insiders.

A number of research analysts recently issued reports on the company. StockNews.com assumed coverage on Honeywell International in a report on Thursday, March 31st. They set a “hold” rating on the stock. Wells Fargo & Company lifted their price target on Honeywell International from $196.00 to $203.00 in a research note on Monday, May 2nd. TheStreet cut Honeywell International from a “b” rating to a “c+” rating in a research note on Friday, April 29th. Citigroup lifted their price target on Honeywell International from $229.00 to $232.00 in a research note on Monday, May 2nd. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Honeywell International from $243.00 to $230.00 and set a “buy” rating on the stock in a research note on Thursday, April 14th. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $227.69.

About Honeywell International (Get Rating)

Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its 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; thermal systems, as well as wireless connectivity and management services.

Further Reading

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Institutional Ownership by Quarter for Honeywell International (NASDAQ:HON)

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