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

Adell Harriman & Carpenter Inc. lessened its holdings in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 12.4% in the first quarter, according to its most recent filing with the SEC. The firm 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 filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in Honeywell International by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 61,761,711 shares of the conglomerate's stock worth $13,951,353,000 after purchasing an additional 380,299 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Honeywell International by 4.4% during the 4th quarter. Geode Capital Management LLC now owns 14,988,152 shares of the conglomerate's stock worth $3,379,568,000 after buying an additional 627,422 shares during the last quarter. Capital World Investors acquired a new position in shares of Honeywell International during the 4th quarter worth about $1,594,216,000. Capital Research Global Investors boosted its stake in shares of Honeywell International by 5.5% during the 4th quarter. Capital Research Global Investors now owns 6,641,017 shares of the conglomerate's stock worth $1,500,141,000 after buying an additional 346,190 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Honeywell International by 5.7% during the 4th quarter. Northern Trust Corp now owns 6,253,570 shares of the conglomerate's stock worth $1,412,619,000 after buying an additional 337,199 shares during the last quarter. Institutional investors and hedge funds own 75.91% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Citigroup increased their price target on shares of Honeywell International from $242.00 to $265.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Mizuho raised their target price on shares of Honeywell International from $235.00 to $250.00 and gave the company an "outperform" rating in a research note on Friday, May 16th. Bank of America upgraded shares of Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 target price for the company in a research note on Wednesday, May 7th. Barclays raised their price objective on 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 raised their price target on Honeywell International from $225.00 to $240.00 and gave the company an "equal weight" rating in a report on Tuesday, July 1st. Eight investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Honeywell International has a consensus rating of "Moderate Buy" and a consensus target price of $250.29.

Honeywell International Price Performance

NASDAQ:HON traded down $1.05 during mid-day trading on Monday, reaching $239.35. The stock had a trading volume of 2,685,175 shares, compared to its average volume of 3,848,443. The stock has a market capitalization of $153.83 billion, a P/E ratio of 27.51, a P/E/G ratio of 2.75 and a beta of 1.07. 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 one year low of $179.36 and a one year high of $242.77. The firm has a 50 day moving average price of $222.98 and a two-hundred day moving average price of $215.91.

Honeywell International (NASDAQ:HON - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The conglomerate reported $2.51 EPS for the quarter, beating analysts' consensus estimates 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 analyst estimates of $9.59 billion. During the same quarter in the prior year, the company posted $2.25 EPS. Honeywell International's quarterly revenue was up 7.9% compared to the same quarter last year. As a group, analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 16th were given a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a dividend yield of 1.89%. The ex-dividend date was Friday, May 16th. Honeywell International's dividend payout ratio (DPR) is currently 51.95%.

Honeywell International Company 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.