Cetera Advisor Networks LLC Sells 3,550 Shares of Honeywell International Inc. (NASDAQ:HON)

Cetera Advisor Networks LLC lessened its holdings in Honeywell International Inc. (NASDAQ:HON) by 3.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 99,782 shares of the conglomerate’s stock after selling 3,550 shares during the quarter. Cetera Advisor Networks LLC’s holdings in Honeywell International were worth $20,480,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Price T Rowe Associates Inc. MD boosted its stake in Honeywell International by 22.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,587,718 shares of the conglomerate’s stock worth $1,967,880,000 after acquiring an additional 1,746,759 shares during the last quarter. Northern Trust Corp boosted its stake in Honeywell International by 0.3% during the 4th quarter. Northern Trust Corp now owns 6,451,134 shares of the conglomerate’s stock worth $1,352,867,000 after acquiring an additional 17,591 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Honeywell International by 1.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,621,544 shares of the conglomerate’s stock worth $759,474,000 after acquiring an additional 66,213 shares during the last quarter. Capital Research Global Investors boosted its stake in Honeywell International by 6.7% during the 1st quarter. Capital Research Global Investors now owns 3,402,252 shares of the conglomerate’s stock worth $698,312,000 after acquiring an additional 212,327 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its stake 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 worth $553,880,000 after acquiring an additional 202,358 shares during the last quarter. Institutional investors own 75.91% of the company’s stock.

Insider Buying and Selling

In related news, Director Darius Adamczyk sold 28,500 shares of the company’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $203.96, for a total transaction of $5,812,860.00. Following the completion of the sale, the director now owns 203,510 shares of the company’s stock, valued at $41,507,899.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.41% of the stock is currently owned by company insiders.

Honeywell International Stock Performance

Shares of Honeywell International stock traded down $0.89 during trading on Friday, reaching $203.69. The company’s stock had a trading volume of 3,377,778 shares, compared to its average volume of 2,908,121. The business’s 50-day moving average price is $210.09 and its 200-day moving average price is $202.59. The firm has a market cap of $132.33 billion, a PE ratio of 23.60, a P/E/G ratio of 2.32 and a beta of 1.04. Honeywell International Inc. has a 52 week low of $174.88 and a 52 week high of $220.79. The company has a quick ratio of 0.91, a current ratio of 1.21 and a debt-to-equity ratio of 1.19.

Honeywell International (NASDAQ:HON) last announced its earnings results on Thursday, July 25th. The conglomerate reported $2.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.42 by $0.07. Honeywell International had a net margin of 15.49% and a return on equity of 36.87%. The company had revenue of $9.58 billion during the quarter, compared to analysts’ expectations of $9.41 billion. During the same quarter in the previous year, the business posted $2.23 earnings per share. Honeywell International’s quarterly revenue was up 4.7% on a year-over-year basis. Equities analysts forecast that Honeywell International Inc. will post 10.14 earnings per share for the current year.

Honeywell International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Friday, August 16th will be given a dividend of $1.08 per share. The ex-dividend date is Friday, August 16th. This represents a $4.32 annualized dividend and a yield of 2.12%. Honeywell International’s dividend payout ratio is 50.06%.

Wall Street Analyst Weigh In

HON has been the topic of several recent analyst reports. Daiwa America raised shares of Honeywell International to a “moderate buy” rating in a research note on Wednesday, June 5th. StockNews.com lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a research note on Saturday. Royal Bank of Canada cut their price target on shares of Honeywell International from $218.00 to $214.00 and set a “sector perform” rating on the stock in a research note on Friday, July 26th. UBS Group raised shares of Honeywell International from a “sell” rating to a “neutral” rating and lifted their price target for the company from $175.00 to $215.00 in a research note on Monday, June 10th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $215.00 price target (down previously from $227.00) on shares of Honeywell International in a research note on Tuesday, April 16th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $225.00.

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.