Trueblood Wealth Management LLC Sells 703 Shares of Honeywell International Inc. (NASDAQ:HON)

Trueblood Wealth Management LLC reduced its stake in Honeywell International Inc. (NASDAQ:HON) by 28.6% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,759 shares of the conglomerate’s stock after selling 703 shares during the period. Trueblood Wealth Management LLC’s holdings in Honeywell International were worth $372,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Integrated Advisors Network LLC raised its stake in Honeywell International by 6.0% during the 1st quarter. Integrated Advisors Network LLC now owns 36,782 shares of the conglomerate’s stock worth $7,789,000 after buying an additional 2,076 shares during the period. Moseley Investment Management Inc. grew its holdings in Honeywell International by 2.5% during the first quarter. Moseley Investment Management Inc. now owns 9,324 shares of the conglomerate’s stock worth $1,974,000 after purchasing an additional 225 shares during the period. Petredis Investment Advisors LLC grew its holdings in Honeywell International by 1.3% during the first quarter. Petredis Investment Advisors LLC now owns 12,274 shares of the conglomerate’s stock worth $2,599,000 after purchasing an additional 163 shares during the period. First National Bank of Mount Dora Trust Investment Services boosted its holdings in shares of Honeywell International by 5.4% during the first quarter. First National Bank of Mount Dora Trust Investment Services now owns 19,140 shares of the conglomerate’s stock worth $4,053,000 after acquiring an additional 988 shares during the period. Finally, Fiduciary Financial Group LLC boosted its holdings in shares of Honeywell International by 13.4% during the first quarter. Fiduciary Financial Group LLC now owns 1,419 shares of the conglomerate’s stock worth $274,000 after acquiring an additional 168 shares during the period. 75.91% of the stock is currently owned by institutional investors.

Honeywell International Price Performance

Shares of NASDAQ HON opened at $225.82 on Thursday. Honeywell International Inc. has a fifty-two week low of $179.36 and a fifty-two week high of $242.77. The stock has a market cap of $145.13 billion, a price-to-earnings ratio of 25.93, a PEG ratio of 2.51 and a beta of 1.08. 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’s 50-day simple moving average is $211.75 and its 200 day simple moving average is $216.20.

Honeywell International (NASDAQ:HON) last announced its quarterly 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. The business had revenue of $9.82 billion for the quarter, compared to analysts’ expectations of $9.59 billion. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. The firm’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter last year, the firm earned $2.25 EPS. As a group, research analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 16th were paid a dividend of $1.13 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $4.52 annualized dividend and a dividend yield of 2.00%. Honeywell International’s payout ratio is currently 51.95%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Citigroup boosted their price target 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 lowered their price objective 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. Royal Bank of Canada upped their price target on shares of Honeywell International from $211.00 to $226.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 30th. JPMorgan Chase & Co. boosted their price objective on shares of Honeywell International from $182.00 to $217.00 and gave the stock a “neutral” rating in a research note on Friday, May 16th. Finally, Wells Fargo & Company boosted their price objective on shares of Honeywell International from $205.00 to $225.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 30th. Eight investment 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 stock. Based on data from MarketBeat, Honeywell International presently has a consensus rating of “Moderate Buy” and an average price target of $248.14.

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.