Baldwin Wealth Partners LLC MA Lowers Position in Honeywell International Inc. (NASDAQ:HON)

Baldwin Wealth Partners LLC MA trimmed its holdings in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 17.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 55,875 shares of the conglomerate's stock after selling 11,428 shares during the quarter. Baldwin Wealth Partners LLC MA's holdings in Honeywell International were worth $11,832,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Valmark Advisers Inc. increased its holdings in Honeywell International by 1.0% in the 4th quarter. Valmark Advisers Inc. now owns 4,641 shares of the conglomerate's stock valued at $1,048,000 after acquiring an additional 45 shares during the last quarter. Claris Advisors LLC MO grew its position in shares of Honeywell International by 4.8% during the fourth quarter. Claris Advisors LLC MO now owns 1,069 shares of the conglomerate's stock valued at $241,000 after purchasing an additional 49 shares in the last quarter. Avantax Planning Partners Inc. increased its holdings in shares of Honeywell International by 1.4% in the fourth quarter. Avantax Planning Partners Inc. now owns 3,441 shares of the conglomerate's stock worth $777,000 after purchasing an additional 49 shares during the last quarter. NORTHSTAR ASSET MANAGEMENT Co LLC lifted its position in shares of Honeywell International by 0.6% in the fourth quarter. NORTHSTAR ASSET MANAGEMENT Co LLC now owns 8,835 shares of the conglomerate's stock worth $1,996,000 after buying an additional 50 shares in the last quarter. Finally, Spinnaker Trust boosted its stake in Honeywell International by 0.4% during the fourth quarter. Spinnaker Trust now owns 11,322 shares of the conglomerate's stock valued at $2,558,000 after buying an additional 50 shares during the last quarter. 75.91% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

HON has been the topic of several recent research reports. JPMorgan Chase & Co. upped their price objective on Honeywell International from $182.00 to $217.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Royal Bank of Canada boosted their price target on shares of Honeywell International from $211.00 to $226.00 and gave the stock a "sector perform" rating in a research report on Wednesday, April 30th. Citigroup increased their price objective on shares of Honeywell International from $242.00 to $265.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Morgan Stanley lifted their price objective on shares of Honeywell International from $210.00 to $217.00 and gave the stock an "equal weight" rating in a research note on Tuesday, February 11th. Finally, Mizuho upped their target price 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. 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's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $248.14.

Honeywell International Stock Performance

Shares of NASDAQ:HON opened at $228.78 on Monday. The company has a current ratio of 1.31, a quick ratio of 1.01 and a debt-to-equity ratio of 1.33. Honeywell International Inc. has a 12 month low of $179.36 and a 12 month high of $242.77. The company has a market capitalization of $147.03 billion, a price-to-earnings ratio of 26.27, a PEG ratio of 2.51 and a beta of 1.08. The firm's 50-day moving average is $210.44 and its 200 day moving average is $216.08.

Honeywell International (NASDAQ:HON - Get Free Report) last released its 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 35.78% and a net margin of 14.82%. The firm 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 firm posted $2.25 earnings per share. The company's quarterly 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were paid 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 yield of 1.98%. Honeywell International's payout ratio 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.