Addenda Capital Inc. Sells 6,255 Shares of Honeywell International Inc. (NASDAQ:HON)

Addenda Capital Inc. cut its stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 13.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 40,452 shares of the conglomerate's stock after selling 6,255 shares during the quarter. Addenda Capital Inc.'s holdings in Honeywell International were worth $8,566,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Mainstream Capital Management LLC bought a new stake in Honeywell International in the fourth quarter valued at approximately $25,000. Avalon Trust Co boosted its holdings in Honeywell International by 166.7% in the fourth quarter. Avalon Trust Co now owns 120 shares of the conglomerate's stock worth $27,000 after acquiring an additional 75 shares in the last quarter. Mpwm Advisory Solutions LLC bought a new position in shares of Honeywell International in the fourth quarter valued at $29,000. Accredited Wealth Management LLC bought a new position in shares of Honeywell International during the 4th quarter worth approximately $34,000. Finally, Curio Wealth LLC bought a new stake in shares of Honeywell International in the 4th quarter worth approximately $35,000. 75.91% of the stock is owned by institutional investors.

Honeywell International Price Performance

Shares of Honeywell International stock traded down $0.47 during trading on Thursday, hitting $226.98. 869,224 shares of the stock traded hands, compared to its average volume of 4,386,335. Honeywell International Inc. has a 52 week low of $179.36 and a 52 week 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 firm's fifty day moving average is $209.84 and its 200-day moving average is $216.23. The stock has a market cap of $145.88 billion, a price-to-earnings ratio of 26.06, a PEG ratio of 2.51 and a beta of 1.07.

Honeywell International (NASDAQ:HON - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $9.59 billion. During the same quarter in the prior year, the company earned $2.25 earnings per share. The business's revenue was up 7.9% compared to the same quarter last year. Research analysts expect that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 16th will be given a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a dividend yield of 1.99%. The ex-dividend date is Friday, May 16th. Honeywell International's payout ratio is currently 51.95%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. JPMorgan Chase & Co. boosted their target price on Honeywell International from $182.00 to $217.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Deutsche Bank Aktiengesellschaft upgraded Honeywell International from a "hold" rating to a "buy" rating and boosted their price objective for the company from $236.00 to $260.00 in a research note on Friday, February 7th. Wall Street Zen upgraded Honeywell International from a "hold" rating to a "buy" rating in a research note on Thursday, May 15th. Bank of America raised shares of Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price target on the stock in a research report on Wednesday, May 7th. Finally, Royal Bank of Canada boosted 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. Eight research 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 stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus 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.