Jeppson Wealth Management LLC Trims Holdings in Honeywell International Inc. (NASDAQ:HON)

Jeppson Wealth Management LLC trimmed its position in Honeywell International Inc. (NASDAQ:HON) by 4.9% in the 1st quarter, HoldingsChannel reports. The firm owned 1,977 shares of the conglomerate’s stock after selling 101 shares during the quarter. Jeppson Wealth Management LLC’s holdings in Honeywell International were worth $419,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HON. Mainstream Capital Management LLC acquired a new stake in Honeywell International during the fourth quarter worth about $25,000. Avalon Trust Co grew its holdings in 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 period. Mpwm Advisory Solutions LLC acquired a new stake in Honeywell International during the fourth quarter worth about $29,000. Accredited Wealth Management LLC acquired a new stake in Honeywell International in the fourth quarter valued at approximately $34,000. Finally, Curio Wealth LLC acquired a new stake in Honeywell International in the fourth quarter valued at approximately $35,000. 75.91% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have commented on HON shares. Wells Fargo & Company raised their price objective on Honeywell International from $205.00 to $225.00 and gave the company an “equal weight” rating in a report on Wednesday, April 30th. Bank of America raised Honeywell International from a “neutral” rating to a “buy” rating and set a $250.00 price objective on the stock in a report on Wednesday, May 7th. JPMorgan Chase & Co. raised their price objective on Honeywell International from $182.00 to $217.00 and gave the company a “neutral” rating in a report on Friday, May 16th. Barclays raised their price objective on Honeywell International from $243.00 to $258.00 and gave the company an “overweight” rating in a report on Wednesday, June 18th. Finally, Wall Street Zen raised Honeywell International from a “hold” rating to a “buy” rating in a report on Thursday, May 15th. Eight investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $249.21.

Honeywell International Stock Performance

Shares of Honeywell International stock opened at $228.85 on Friday. Honeywell International Inc. has a one year low of $179.36 and a one year high of $242.77. The company has a market cap of $147.08 billion, a price-to-earnings ratio of 26.30, a PEG ratio of 2.64 and a beta of 1.08. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.95 and a current ratio of 1.25. The business’s 50 day moving average price is $218.94 and its 200 day moving average price is $215.80.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings data on Tuesday, April 29th. The conglomerate reported $2.51 EPS for the quarter, topping analysts’ consensus estimates of $2.21 by $0.30. Honeywell International had a return on equity of 36.19% and a net margin of 14.51%. The firm had revenue of $9.82 billion for the quarter, compared to the consensus estimate of $9.59 billion. During the same quarter last year, the business posted $2.25 earnings per share. The firm’s revenue was up 7.9% compared to the same quarter last year. On average, research analysts predict that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Investors 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 yield of 1.98%. Honeywell International’s payout ratio is 51.95%.

Honeywell International Company 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.