Honeywell International Inc. (NASDAQ:HON) Shares Sold by Adell Harriman & Carpenter Inc.

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

A number of other institutional investors have also recently added to or reduced their stakes in HON. Capital World Investors purchased a new stake in Honeywell International during the 4th quarter worth $1,594,216,000. GAMMA Investing LLC boosted its position in Honeywell International by 20,894.0% during the 1st quarter. GAMMA Investing LLC now owns 1,326,614 shares of the conglomerate's stock worth $2,809,110,000 after purchasing an additional 1,320,295 shares during the period. Cibc World Markets Corp boosted its position in Honeywell International by 411.8% in the 4th quarter. Cibc World Markets Corp now owns 1,265,358 shares of the conglomerate's stock valued at $285,832,000 after buying an additional 1,018,099 shares during the last quarter. Demars Financial Group LLC purchased a new position in Honeywell International in the 4th quarter valued at about $155,407,000. Finally, Boston Partners boosted its position in Honeywell International by 29.2% in the 4th quarter. Boston Partners now owns 2,994,634 shares of the conglomerate's stock valued at $675,986,000 after buying an additional 677,213 shares during the last quarter. 75.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Wall Street Zen raised shares of Honeywell International from a "hold" rating to a "buy" rating in a research report on Thursday, May 15th. Mizuho upped their price objective 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. JPMorgan Chase & Co. upped their price objective 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. Barclays upped their price objective on shares of Honeywell International from $243.00 to $258.00 and gave the company an "overweight" rating in a research report on Wednesday, June 18th. Finally, Wells Fargo & Company upped their price objective on shares of Honeywell International from $225.00 to $240.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 1st. 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's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $250.29.

Honeywell International Stock Up 0.5%

Shares of Honeywell International stock traded up $1.26 during trading on Friday, reaching $240.52. The company had a trading volume of 1,903,189 shares, compared to its average volume of 3,853,027. The company has a market cap of $154.57 billion, a price-to-earnings ratio of 27.65, a price-to-earnings-growth ratio of 2.75 and a beta of 1.07. The firm's fifty day moving average is $222.98 and its 200-day moving average is $215.91. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.95 and a current ratio of 1.25. Honeywell International Inc. has a fifty-two week low of $179.36 and a fifty-two week high of $242.77.

Honeywell International (NASDAQ:HON - Get Free Report) last issued 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. The business had revenue of $9.82 billion for the quarter, compared to analyst estimates of $9.59 billion. Honeywell International had a net margin of 14.51% and a return on equity of 36.19%. The company's revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.25 EPS. On average, analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 16th were paid a dividend of $1.13 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $4.52 annualized dividend and a yield of 1.88%. 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.