Honeywell International Inc. (NASDAQ:HON) Shares Sold by West Paces Advisors Inc.

West Paces Advisors Inc. trimmed its stake in Honeywell International Inc. (NASDAQ:HON) by 35.7% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 471 shares of the conglomerate’s stock after selling 262 shares during the quarter. West Paces Advisors Inc.’s holdings in Honeywell International were worth $100,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Mainstream Capital Management LLC acquired a new position in shares of Honeywell International in the fourth quarter worth $25,000. Avalon Trust Co increased its stake in Honeywell International by 166.7% in the fourth quarter. Avalon Trust Co now owns 120 shares of the conglomerate’s stock valued at $27,000 after purchasing an additional 75 shares during the last quarter. Mpwm Advisory Solutions LLC acquired a new position in Honeywell International in the fourth quarter valued at $29,000. Accredited Wealth Management LLC acquired a new position in Honeywell International in the fourth quarter valued at $34,000. Finally, Curio Wealth LLC acquired a new position in Honeywell International in the fourth quarter valued at $35,000. 75.91% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Citigroup upped 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. Barclays dropped their target price on Honeywell International from $247.00 to $243.00 and set an “overweight” rating for the company in a research note on Wednesday, April 30th. Bank of America upgraded Honeywell International from a “neutral” rating to a “buy” rating and set a $250.00 target price for the company in a research note on Wednesday, May 7th. JPMorgan Chase & Co. boosted their price target on Honeywell International from $182.00 to $217.00 and gave the company a “neutral” rating in a research report on Friday, May 16th. Finally, Morgan Stanley boosted their price target on Honeywell International from $210.00 to $217.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 11th. Eight research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Honeywell International currently has a consensus 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. The company has a current ratio of 1.31, a quick ratio of 1.01 and a debt-to-equity ratio of 1.33. Honeywell International Inc. has a 1 year low of $179.36 and a 1 year high of $242.77. The business has a fifty day simple moving average of $210.66 and a 200 day simple moving average of $216.06. The firm has a market cap of $145.97 billion, a price-to-earnings ratio of 26.08, a P/E/G ratio of 2.51 and a beta of 1.08.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings data on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.21 by $0.30. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. The business had revenue of $9.82 billion during the quarter, compared to analyst estimates of $9.59 billion. During the same period last year, the company earned $2.25 earnings per share. Honeywell International’s quarterly revenue was up 7.9% compared to the same quarter last year. As a group, sell-side analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were given a $1.13 dividend. The ex-dividend date was Friday, May 16th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 1.99%. Honeywell International’s dividend payout ratio is currently 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.