Insigneo Advisory Services LLC Cuts Stock Position in Honeywell International Inc. (NASDAQ:HON)

Insigneo Advisory Services LLC lessened its stake in Honeywell International Inc. (NASDAQ:HON) by 6.7% during the 1st quarter, Holdings Channel.com reports. The firm owned 22,649 shares of the conglomerate’s stock after selling 1,616 shares during the quarter. Honeywell International accounts for 0.5% of Insigneo Advisory Services LLC’s investment portfolio, making the stock its 29th biggest holding. Insigneo Advisory Services LLC’s holdings in Honeywell International were worth $4,796,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HON. Mainstream Capital Management LLC purchased a new stake in shares of Honeywell International during the fourth quarter worth about $25,000. Avalon Trust Co grew 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 worth $27,000 after acquiring an additional 75 shares during the last quarter. Mpwm Advisory Solutions LLC purchased a new stake in shares of Honeywell International during the fourth quarter worth about $29,000. Accredited Wealth Management LLC purchased a new stake in shares of Honeywell International during the fourth quarter worth about $34,000. Finally, Curio Wealth LLC purchased a new stake in shares of Honeywell International during the fourth quarter worth about $35,000. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Analyst Ratings Changes

A number of equities research 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 report on Wednesday, June 4th. Wells Fargo & Company upped their target price on Honeywell International from $205.00 to $225.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 30th. JPMorgan Chase & Co. upped their target price on Honeywell International from $182.00 to $217.00 and gave the company a “neutral” rating in a research report on Friday, May 16th. Mizuho upped their target price on Honeywell International from $235.00 to $250.00 and gave the company an “outperform” rating in a research report on Friday, May 16th. Finally, Bank of America upgraded Honeywell International from a “neutral” rating to a “buy” rating and set a $250.00 target price on the stock in a research report on Wednesday, May 7th. Eight 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. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $248.14.

Honeywell International Trading Down 0.1%

Honeywell International stock opened at $224.09 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 12 month low of $179.36 and a 12 month high of $242.77. The stock’s 50 day simple moving average is $214.18 and its two-hundred day simple moving average is $215.88. The firm has a market cap of $144.02 billion, a PE ratio of 25.73, a P/E/G 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 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 for the quarter, compared to analyst estimates of $9.59 billion. During the same quarter in the prior year, the firm posted $2.25 EPS. The business’s quarterly revenue was up 7.9% compared to the same quarter last year. Analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 16th were given a dividend of $1.13 per share. The ex-dividend date was Friday, May 16th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.02%. Honeywell International’s dividend payout ratio (DPR) 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.