Park Avenue Securities LLC Cuts Stock Position in Honeywell International Inc. (NASDAQ:HON)

Park Avenue Securities LLC trimmed its position in Honeywell International Inc. (NASDAQ:HON) by 31.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,780 shares of the conglomerate’s stock after selling 6,181 shares during the period. Park Avenue Securities LLC’s holdings in Honeywell International were worth $2,918,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Mainstream Capital Management LLC acquired a new stake in Honeywell International in the fourth quarter valued at about $25,000. Avalon Trust Co raised its stake in shares of Honeywell International by 166.7% during the 4th quarter. Avalon Trust Co now owns 120 shares of the conglomerate’s stock worth $27,000 after buying an additional 75 shares in the last quarter. Mpwm Advisory Solutions LLC purchased a new stake in shares of Honeywell International in the fourth quarter valued at approximately $29,000. Accredited Wealth Management LLC acquired a new position in Honeywell International during the fourth quarter worth $34,000. Finally, Curio Wealth LLC purchased a new position in Honeywell International in the fourth quarter worth $35,000. 75.91% of the stock is owned by institutional investors and hedge funds.

Honeywell International Stock Down 0.7%

HON opened at $227.13 on Tuesday. The firm has a market cap of $145.97 billion, a P/E ratio of 26.08, a PEG ratio of 2.51 and a beta of 1.08. The business’s fifty day simple moving average is $210.66 and its 200 day simple moving average is $216.06. Honeywell International Inc. has a 52 week low of $179.36 and a 52 week high of $242.77. The company has a quick ratio of 1.01, a current ratio of 1.31 and a debt-to-equity ratio of 1.33.

Honeywell International (NASDAQ:HON) last released its earnings results on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.21 by $0.30. The company had revenue of $9.82 billion for the quarter, compared to analyst estimates of $9.59 billion. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. The firm’s quarterly revenue was up 7.9% on a year-over-year basis. During the same period in the prior year, the firm earned $2.25 EPS. As a group, equities research analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 16th were paid a $1.13 dividend. The ex-dividend date was Friday, May 16th. This represents a $4.52 annualized dividend and a yield of 1.99%. Honeywell International’s payout ratio is currently 51.95%.

Analyst Upgrades and Downgrades

HON has been the topic of several research analyst reports. Citigroup boosted their target price on shares of Honeywell International from $242.00 to $265.00 and gave the stock a “buy” rating in a research report on Wednesday, June 4th. Mizuho boosted their price objective on shares of Honeywell International from $235.00 to $250.00 and gave the stock an “outperform” rating in a report on Friday, May 16th. JPMorgan Chase & Co. upped their target price on shares of Honeywell International from $182.00 to $217.00 and gave the stock a “neutral” rating in a research report on Friday, May 16th. Barclays reduced their price target on shares of Honeywell International from $247.00 to $243.00 and set an “overweight” rating for the company in a research report on Wednesday, April 30th. Finally, Wall Street Zen upgraded Honeywell International from a “hold” rating to a “buy” rating in a report on Thursday, May 15th. Eight research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $248.14.

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.