Adell Harriman & Carpenter Inc. Trims Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

Adell Harriman & Carpenter Inc. trimmed its position in Honeywell International Inc. (NASDAQ:HON - Free Report) by 12.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 44,878 shares of the conglomerate's stock after selling 6,338 shares during the quarter. Adell Harriman & Carpenter Inc.'s holdings in Honeywell International were worth $9,503,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Concurrent Investment Advisors LLC raised its stake in Honeywell International by 41.2% during the 1st quarter. Concurrent Investment Advisors LLC now owns 31,155 shares of the conglomerate's stock valued at $6,597,000 after purchasing an additional 9,087 shares during the last quarter. World Investment Advisors raised its holdings in Honeywell International by 1.0% during the 1st quarter. World Investment Advisors now owns 22,600 shares of the conglomerate's stock worth $4,786,000 after buying an additional 213 shares during the period. von Borstel & Associates Inc. bought a new position in shares of Honeywell International during the 1st quarter worth approximately $167,000. Capital Investment Advisory Services LLC grew its stake in shares of Honeywell International by 39.6% during the 1st quarter. Capital Investment Advisory Services LLC now owns 9,852 shares of the conglomerate's stock worth $2,086,000 after acquiring an additional 2,793 shares in the last quarter. Finally, Catalyst Capital Advisors LLC grew its stake in shares of Honeywell International by 148.7% during the 1st quarter. Catalyst Capital Advisors LLC now owns 8,730 shares of the conglomerate's stock worth $1,849,000 after acquiring an additional 5,220 shares in the last quarter. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Stock Performance

Shares of HON stock traded up $0.45 on Tuesday, hitting $239.80. 2,767,619 shares of the stock were exchanged, compared to its average volume of 4,194,354. The company has a current ratio of 1.25, a quick ratio of 0.95 and a debt-to-equity ratio of 1.43. The firm has a market capitalization of $154.12 billion, a PE ratio of 27.56, a P/E/G ratio of 2.75 and a beta of 1.07. Honeywell International Inc. has a one year low of $179.36 and a one year high of $242.77. The firm's 50 day moving average is $223.75 and its two-hundred day moving average is $215.99.

Honeywell International (NASDAQ:HON - Get Free Report) last issued its earnings results 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 36.19% and a net margin of 14.51%. The business had revenue of $9.82 billion during the quarter, compared to the consensus estimate of $9.59 billion. During the same quarter last year, the company earned $2.25 EPS. The firm's revenue was up 7.9% compared to the same quarter last year. Sell-side analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 16th were given a $1.13 dividend. The ex-dividend date was Friday, May 16th. This represents a $4.52 dividend on an annualized basis and a yield of 1.88%. Honeywell International's payout ratio is 51.95%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on HON. Bank of America raised Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 target price for the company in a report on Wednesday, May 7th. Wells Fargo & Company upped their target price on Honeywell International from $225.00 to $240.00 and gave the company an "equal weight" rating in a report on Tuesday, July 1st. Royal Bank Of Canada reissued a "sector perform" rating and issued a $226.00 price target on shares of Honeywell International in a research note on Wednesday, June 25th. JPMorgan Chase & Co. upped 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. Finally, Mizuho upped 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. Eight investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Honeywell International has a consensus rating of "Moderate Buy" and an average target price of $250.29.

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.