Regent Peak Wealth Advisors LLC Sells 100 Shares of Honeywell International Inc. (NASDAQ:HON)

Regent Peak Wealth Advisors LLC lessened its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 2.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,975 shares of the conglomerate’s stock after selling 100 shares during the quarter. Regent Peak Wealth Advisors LLC’s holdings in Honeywell International were worth $842,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. LaFleur & Godfrey LLC raised its position in Honeywell International by 40.7% in the 4th quarter. LaFleur & Godfrey LLC now owns 42,277 shares of the conglomerate’s stock valued at $9,550,000 after purchasing an additional 12,227 shares during the last quarter. Brighton Jones LLC raised its position in Honeywell International by 9.1% in the 4th quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate’s stock valued at $4,302,000 after purchasing an additional 1,582 shares during the last quarter. Union Bancaire Privee UBP SA bought a new position in Honeywell International in the 4th quarter valued at $21,525,000. Silver Oak Securities Incorporated bought a new position in Honeywell International in the 4th quarter valued at $227,000. Finally, Fairvoy Private Wealth LLC bought a new position in Honeywell International in the 4th quarter valued at $262,000. Institutional investors own 75.91% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on HON shares. Citigroup lifted their price objective on Honeywell International from $242.00 to $265.00 and gave the company a “buy” rating in a research report on Wednesday. Wells Fargo & Company boosted their target price on Honeywell International from $205.00 to $225.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 30th. JPMorgan Chase & Co. boosted their target price on Honeywell International from $182.00 to $217.00 and gave the stock a “neutral” rating in a research report on Friday, May 16th. Mizuho boosted their target price on Honeywell International from $235.00 to $250.00 and gave the stock an “outperform” rating in a research report on Friday, May 16th. Finally, Wall Street Zen upgraded Honeywell International from a “hold” rating to a “buy” rating in a research report on Thursday, May 15th. Eight analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $248.14.

Honeywell International Stock Up 0.9%

Shares of Honeywell International stock opened at $228.78 on Friday. Honeywell International Inc. has a 12 month low of $179.36 and a 12 month 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. The stock has a market cap of $147.03 billion, a PE ratio of 26.27, a price-to-earnings-growth ratio of 2.51 and a beta of 1.08. The business has a fifty day simple moving average of $210.44 and a 200 day simple moving average of $216.15.

Honeywell International (NASDAQ:HON) last posted 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. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. The firm had revenue of $9.82 billion during the quarter, compared to analysts’ expectations of $9.59 billion. During the same period in the previous year, the firm earned $2.25 earnings per share. The company’s revenue was up 7.9% on a year-over-year basis. Research analysts predict that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 16th were issued a $1.13 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 1.98%. 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.