NuWave Investment Management LLC Cuts Position in Honeywell International Inc. (NASDAQ:HON)
NuWave Investment Management LLC lessened its stake in Honeywell International Inc. (NASDAQ:HON – Get Rating) by 51.1% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,232 shares of the conglomerate’s stock after selling 1,290 shares during the quarter. NuWave Investment Management LLC’s holdings in Honeywell International were worth $240,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Summit Trail Advisors LLC increased its holdings in Honeywell International by 12.0% during the 3rd quarter. Summit Trail Advisors LLC now owns 1,564 shares of the conglomerate’s stock valued at $332,000 after acquiring an additional 168 shares in the last quarter. Studio Investment Management LLC purchased a new position in Honeywell International during the 3rd quarter valued at about $4,206,000. Garde Capital Inc. increased its holdings in Honeywell International by 22.0% during the 3rd quarter. Garde Capital Inc. now owns 565 shares of the conglomerate’s stock valued at $120,000 after acquiring an additional 102 shares in the last quarter. Personal CFO Solutions LLC increased its holdings in Honeywell International by 13.2% during the 3rd quarter. Personal CFO Solutions LLC now owns 3,034 shares of the conglomerate’s stock valued at $644,000 after acquiring an additional 354 shares in the last quarter. Finally, Liontrust Investment Partners LLP purchased a new position in Honeywell International during the 3rd quarter valued at about $8,360,000. Institutional investors and hedge funds own 74.27% of the company’s stock.
Several equities analysts have weighed in on the stock. Citigroup raised their target price on shares of Honeywell International from $229.00 to $232.00 in a report on Monday, May 2nd. StockNews.com assumed coverage on shares of Honeywell International in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Honeywell International from $243.00 to $230.00 and set a “buy” rating on the stock in a research note on Thursday, April 14th. Wells Fargo & Company raised their price target on shares of Honeywell International from $196.00 to $203.00 in a research note on Monday, May 2nd. Finally, Morgan Stanley decreased their price target on shares of Honeywell International from $216.00 to $194.00 and set an “equal weight” rating on the stock in a research note on Tuesday, May 31st. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Honeywell International has an average rating of “Hold” and an average price target of $227.69.
HON opened at $177.73 on Thursday. The company’s 50 day simple moving average is $191.34 and its 200 day simple moving average is $193.98. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.94 and a current ratio of 1.21. Honeywell International Inc. has a 1 year low of $174.42 and a 1 year high of $236.86. The stock has a market capitalization of $120.99 billion, a PE ratio of 23.60, a P/E/G ratio of 2.16 and a beta of 1.05.
Honeywell International (NASDAQ:HON – Get Rating) last released its earnings results on Friday, April 29th. The conglomerate reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.86 by $0.05. Honeywell International had a net margin of 15.30% and a return on equity of 30.04%. The business had revenue of $8.38 billion for the quarter, compared to analysts’ expectations of $8.29 billion. During the same period last year, the company earned $1.92 earnings per share. The company’s quarterly revenue was down .9% on a year-over-year basis. As a group, sell-side analysts expect that Honeywell International Inc. will post 8.68 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, June 3rd. Shareholders of record on Friday, May 13th were given a dividend of $0.98 per share. The ex-dividend date of this dividend was Thursday, May 12th. This represents a $3.92 dividend on an annualized basis and a yield of 2.21%. Honeywell International’s dividend payout ratio (DPR) is 52.06%.
In other Honeywell International news, CEO Darius Adamczyk sold 40,000 shares of Honeywell International stock in a transaction that occurred on Tuesday, May 10th. The shares were sold at an average price of $194.52, for a total transaction 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 $32,098,717.80. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.45% of the company’s stock.
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.
- Get a free copy of the StockNews.com research report on Honeywell International (HON)
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