Secure Asset Management LLC Lowers Stock Position in Honeywell International Inc. (NASDAQ:HON)

Secure Asset Management LLC lessened its holdings in Honeywell International Inc. (NASDAQ:HON) by 15.3% in the 1st quarter, Holdings Channel.com reports. The firm owned 1,303 shares of the conglomerate’s stock after selling 235 shares during the quarter. Secure Asset Management LLC’s holdings in Honeywell International were worth $276,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Mainstream Capital Management LLC purchased a new position in shares of Honeywell International in the fourth quarter worth $25,000. Avalon Trust Co raised its holdings 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 purchasing an additional 75 shares during the last quarter. Mpwm Advisory Solutions LLC purchased a new position in shares of Honeywell International during the fourth quarter worth $29,000. Accredited Wealth Management LLC purchased a new position in shares of Honeywell International during the fourth quarter worth $34,000. Finally, Curio Wealth LLC purchased a new position in shares of Honeywell International during the fourth quarter worth $35,000. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Analyst Upgrades and Downgrades

HON has been the topic of several analyst reports. Mizuho raised their price target on shares of Honeywell International from $235.00 to $250.00 and gave the company an “outperform” rating in a research report on Friday, May 16th. Royal Bank of Canada raised their price target 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. JPMorgan Chase & Co. raised their price target on shares of Honeywell International from $182.00 to $217.00 and gave the company a “neutral” rating in a research report on Friday, May 16th. Citigroup raised their price target on shares of Honeywell International from $242.00 to $265.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Morgan Stanley raised their price target on shares of Honeywell International from $210.00 to $217.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 11th. 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. According to MarketBeat.com, Honeywell International currently has a consensus rating of “Moderate Buy” and a consensus price target of $248.14.

Honeywell International Stock Up 0.3%

Shares of NASDAQ HON opened at $227.45 on Thursday. The company’s 50-day simple moving average is $209.84 and its 200-day simple moving average is $216.23. Honeywell International Inc. has a 52-week low of $179.36 and a 52-week high of $242.77. The firm has a market cap of $146.18 billion, a price-to-earnings ratio of 26.11, a price-to-earnings-growth ratio of 2.51 and a beta of 1.07. 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 announced its earnings results on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share (EPS) 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 business had revenue of $9.82 billion for the quarter, compared to analyst estimates of $9.59 billion. During the same quarter last year, the business earned $2.25 earnings per share. The company’s revenue for the quarter was up 7.9% compared to the same quarter last year. Equities analysts predict that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 16th will be given a dividend of $1.13 per share. The ex-dividend date is Friday, May 16th. This represents a $4.52 dividend on an annualized basis and a yield of 1.99%. Honeywell International’s payout ratio is presently 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.