Truist Financial Corp Sells 141,131 Shares of Honeywell International Inc. (NASDAQ:HON)

Truist Financial Corp lessened its stake in Honeywell International Inc. (NASDAQ:HON) by 22.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 499,184 shares of the conglomerate’s stock after selling 141,131 shares during the period. Truist Financial Corp owned approximately 0.08% of Honeywell International worth $106,596,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in HON. Regency Capital Management Inc. DE purchased a new stake in shares of Honeywell International during the 2nd quarter valued at about $3,764,000. Next Capital Management LLC increased its holdings in Honeywell International by 10.9% during the second quarter. Next Capital Management LLC now owns 1,188 shares of the conglomerate’s stock valued at $254,000 after buying an additional 117 shares during the last quarter. EP Wealth Advisors LLC increased its holdings in Honeywell International by 4.4% during the second quarter. EP Wealth Advisors LLC now owns 337,380 shares of the conglomerate’s stock valued at $72,044,000 after buying an additional 14,271 shares during the last quarter. Kimelman & Baird LLC bought a new position in Honeywell International in the second quarter worth approximately $27,525,000. Finally, Quarry LP boosted its stake in shares of Honeywell International by 906.0% during the 2nd quarter. Quarry LP now owns 674 shares of the conglomerate’s stock worth $144,000 after acquiring an additional 607 shares during the last quarter. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. StockNews.com downgraded Honeywell International from a “buy” rating to a “hold” rating in a research report on Friday, August 30th. Daiwa America raised Honeywell International to a “moderate buy” rating in a research report on Wednesday, June 5th. Royal Bank of Canada reissued a “sector perform” rating and issued a $214.00 target price on shares of Honeywell International in a report on Thursday, September 26th. Wells Fargo & Company lowered their price target on shares of Honeywell International from $220.00 to $215.00 and set an “equal weight” rating on the stock in a report on Friday, July 26th. Finally, Morgan Stanley assumed coverage on shares of Honeywell International in a research note on Friday, September 6th. They issued an “equal weight” rating and a $210.00 price objective for the company. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Honeywell International currently has a consensus rating of “Hold” and an average price target of $223.13.

Honeywell International Stock Performance

HON opened at $206.07 on Wednesday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.91 and a current ratio of 1.21. The stock has a market capitalization of $134.19 billion, a price-to-earnings ratio of 23.88, a PEG ratio of 2.32 and a beta of 1.03. The company has a fifty day moving average of $202.94 and a 200 day moving average of $203.81. Honeywell International Inc. has a fifty-two week low of $174.88 and a fifty-two week high of $220.79.

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

Honeywell International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be given a dividend of $1.13 per share. This is an increase from Honeywell International’s previous quarterly dividend of $1.08. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date of this dividend is Friday, November 15th. Honeywell International’s dividend payout ratio is currently 52.38%.

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.