Baldwin Wealth Partners LLC MA Trims Stock Position in Honeywell International Inc. (NASDAQ:HON)

Baldwin Wealth Partners LLC MA lessened its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 17.0% in the 1st quarter, HoldingsChannel.com reports. The fund owned 55,875 shares of the conglomerate’s stock after selling 11,428 shares during the period. Baldwin Wealth Partners LLC MA’s holdings in Honeywell International were worth $11,832,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Mainstream Capital Management LLC bought a new stake in Honeywell International during the 4th quarter valued at $25,000. Avalon Trust Co increased its stake in shares of Honeywell International by 166.7% during the fourth quarter. Avalon Trust Co now owns 120 shares of the conglomerate’s stock valued at $27,000 after buying an additional 75 shares during the period. Mpwm Advisory Solutions LLC bought a new stake in shares of Honeywell International in the fourth quarter valued at about $29,000. Accredited Wealth Management LLC purchased a new stake in Honeywell International in the fourth quarter worth about $34,000. Finally, Curio Wealth LLC bought a new position in Honeywell International during the 4th quarter worth about $35,000. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Analyst Ratings Changes

HON has been the topic of a number of research reports. Royal Bank of Canada raised their target price on shares of Honeywell International from $211.00 to $226.00 and gave the company a “sector perform” rating in a research report on Wednesday, April 30th. Morgan Stanley increased their price objective on shares of Honeywell International from $210.00 to $217.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 11th. Wall Street Zen raised shares of Honeywell International from a “hold” rating to a “buy” rating in a report on Thursday, May 15th. Barclays lowered their target price on Honeywell International from $247.00 to $243.00 and set an “overweight” rating for the company in a report on Wednesday, April 30th. Finally, JPMorgan Chase & Co. lifted their price target on Honeywell International from $182.00 to $217.00 and gave the company a “neutral” rating in a report on Friday, May 16th. Eight equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $248.14.

Honeywell International Trading Up 0.9%

NASDAQ HON opened at $228.78 on Monday. The company has a fifty day moving average of $210.44 and a 200 day moving average of $216.08. The company has a market capitalization of $147.03 billion, a PE ratio of 26.27, a P/E/G ratio of 2.51 and a beta of 1.08. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.31 and a quick ratio of 1.01. Honeywell International Inc. has a 1 year low of $179.36 and a 1 year high of $242.77.

Honeywell International (NASDAQ:HON) last posted its earnings results 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 analyst estimates of $9.59 billion. During the same period in the previous year, the firm earned $2.25 EPS. The business’s quarterly revenue was up 7.9% on a year-over-year basis. Research analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were issued a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a yield of 1.98%. The ex-dividend date of this dividend was Friday, May 16th. Honeywell International’s payout ratio is 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.