Atria Wealth Solutions Inc. Sells 3,803 Shares of Honeywell International Inc. (NASDAQ:HON)

Atria Wealth Solutions Inc. lowered its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 11.2% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 30,233 shares of the conglomerate’s stock after selling 3,803 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Honeywell International were worth $6,456,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD boosted its position in Honeywell International by 22.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 9,587,718 shares of the conglomerate’s stock valued at $1,967,880,000 after buying an additional 1,746,759 shares during the period. Northern Trust Corp increased its stake in Honeywell International by 0.3% in the 4th quarter. Northern Trust Corp now owns 6,451,134 shares of the conglomerate’s stock worth $1,352,867,000 after purchasing an additional 17,591 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Honeywell International by 1.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,621,544 shares of the conglomerate’s stock valued at $759,474,000 after purchasing an additional 66,213 shares during the period. Capital Research Global Investors increased its stake in shares of Honeywell International by 6.7% in the first quarter. Capital Research Global Investors now owns 3,402,252 shares of the conglomerate’s stock worth $698,312,000 after buying an additional 212,327 shares during the period. Finally, Janus Henderson Group PLC boosted its position in Honeywell International by 8.1% during the 1st quarter. Janus Henderson Group PLC now owns 2,698,596 shares of the conglomerate’s stock valued at $553,880,000 after buying an additional 202,358 shares during the period. 75.91% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on HON. StockNews.com upgraded shares of Honeywell International from a “hold” rating to a “buy” rating in a research report on Friday, August 16th. Daiwa America upgraded Honeywell International to a “moderate buy” rating in a research report on Wednesday, June 5th. Citigroup raised their price target on Honeywell International from $243.00 to $244.00 and gave the stock a “buy” rating in a research note on Tuesday, June 4th. Royal Bank of Canada decreased their price objective on shares of Honeywell International from $218.00 to $214.00 and set a “sector perform” rating for the company in a report on Friday, July 26th. Finally, UBS Group upgraded shares of Honeywell International from a “sell” rating to a “neutral” rating and increased their price target for the stock from $175.00 to $215.00 in a research note on Monday, June 10th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $225.00.

Honeywell International Stock Up 0.2 %

Shares of HON stock opened at $201.78 on Thursday. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.21 and a quick ratio of 0.91. Honeywell International Inc. has a one year low of $174.88 and a one year high of $220.79. The company’s fifty day moving average price is $208.48 and its 200-day moving average price is $202.42. The company has a market capitalization of $131.40 billion, a price-to-earnings ratio of 23.34, a PEG ratio of 2.32 and a beta of 1.04.

Honeywell International (NASDAQ:HON) last posted 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. Honeywell International had a return on equity of 36.87% and a net margin of 15.49%. The company had revenue of $9.58 billion for the quarter, compared to analysts’ expectations of $9.41 billion. During the same period in the previous year, the firm earned $2.23 EPS. The firm’s revenue was up 4.7% compared to the same quarter last year. Sell-side analysts expect that Honeywell International Inc. will post 10.14 EPS for the current fiscal year.

Honeywell International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Friday, August 16th will be paid a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date is Friday, August 16th. Honeywell International’s payout ratio is 50.06%.

About Honeywell International

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.