Crescent Sterling Ltd. Reduces Stock Position in Honeywell International Inc. (NASDAQ:HON)

Crescent Sterling Ltd. reduced its position in shares of Honeywell International Inc. (NASDAQ:HON) by 0.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,893 shares of the conglomerate’s stock after selling 50 shares during the period. Honeywell International accounts for approximately 1.5% of Crescent Sterling Ltd.’s portfolio, making the stock its 21st largest position. Crescent Sterling Ltd.’s holdings in Honeywell International were worth $1,460,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Valmark Advisers Inc. lifted its holdings in Honeywell International by 1.0% in the 4th quarter. Valmark Advisers Inc. now owns 4,641 shares of the conglomerate’s stock worth $1,048,000 after buying an additional 45 shares during the period. Claris Advisors LLC MO lifted its stake in Honeywell International by 4.8% in the fourth quarter. Claris Advisors LLC MO now owns 1,069 shares of the conglomerate’s stock worth $241,000 after acquiring an additional 49 shares during the period. Avantax Planning Partners Inc. lifted its stake in Honeywell International by 1.4% in the fourth quarter. Avantax Planning Partners Inc. now owns 3,441 shares of the conglomerate’s stock worth $777,000 after acquiring an additional 49 shares during the period. NORTHSTAR ASSET MANAGEMENT Co LLC lifted its position in shares of Honeywell International by 0.6% in the 4th quarter. NORTHSTAR ASSET MANAGEMENT Co LLC now owns 8,835 shares of the conglomerate’s stock worth $1,996,000 after purchasing an additional 50 shares during the period. Finally, Spinnaker Trust lifted its position in shares of Honeywell International by 0.4% in the 4th quarter. Spinnaker Trust now owns 11,322 shares of the conglomerate’s stock worth $2,558,000 after purchasing an additional 50 shares during the period. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

HON has been the subject of several research analyst reports. Morgan Stanley raised their target price on shares of Honeywell International from $210.00 to $217.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 11th. Bank of America upgraded shares of Honeywell International from a “neutral” rating to a “buy” rating and set a $250.00 price objective for the company in a report on Wednesday, May 7th. Wall Street Zen upgraded Honeywell International from a “hold” rating to a “buy” rating in a research note on Thursday, May 15th. Citigroup raised their target price on Honeywell International from $242.00 to $265.00 and gave the company a “buy” rating in a research note on Wednesday, June 4th. Finally, Royal Bank of Canada raised their price objective on Honeywell International from $211.00 to $226.00 and gave the company a “sector perform” rating in a research report on Wednesday, April 30th. Eight research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $248.14.

Honeywell International Price Performance

Shares of NASDAQ:HON opened at $227.13 on Tuesday. Honeywell International Inc. has a fifty-two week low of $179.36 and a fifty-two week high of $242.77. The business has a 50-day simple moving average of $210.66 and a two-hundred day simple moving average of $216.06. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.01 and a current ratio of 1.31. The firm has a market cap of $145.97 billion, a price-to-earnings ratio of 26.08, a price-to-earnings-growth ratio of 2.51 and a beta of 1.08.

Honeywell International (NASDAQ:HON) last released its quarterly earnings data on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share for the quarter, beating the consensus estimate of $2.21 by $0.30. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. The firm had revenue of $9.82 billion during the quarter, compared to analysts’ expectations of $9.59 billion. During the same period in the previous year, the company earned $2.25 earnings per share. The firm’s quarterly revenue was up 7.9% on a year-over-year basis. On average, analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 16th were given a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date was Friday, May 16th. Honeywell International’s dividend payout ratio (DPR) is presently 51.95%.

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.