Beacon Investment Advisory Services Inc. Sells 5,780 Shares of Honeywell International Inc. (NASDAQ:HON)

Beacon Investment Advisory Services Inc. cut its holdings in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 6.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 80,966 shares of the conglomerate's stock after selling 5,780 shares during the quarter. Beacon Investment Advisory Services Inc.'s holdings in Honeywell International were worth $17,145,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in HON. Brighton Jones LLC increased its position in Honeywell International by 9.1% during the 4th quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate's stock worth $4,302,000 after buying an additional 1,582 shares during the period. Proficio Capital Partners LLC increased its position in Honeywell International by 40.8% during the fourth quarter. Proficio Capital Partners LLC now owns 2,635 shares of the conglomerate's stock worth $595,000 after acquiring an additional 764 shares during the period. American Century Companies Inc. raised its stake in Honeywell International by 5.2% in the 4th quarter. American Century Companies Inc. now owns 292,718 shares of the conglomerate's stock worth $66,122,000 after purchasing an additional 14,408 shares in the last quarter. LPL Financial LLC boosted its holdings in Honeywell International by 4.6% in the 4th quarter. LPL Financial LLC now owns 725,863 shares of the conglomerate's stock valued at $163,965,000 after purchasing an additional 32,011 shares during the period. Finally, Mountain Hill Investment Partners Corp. bought a new stake in Honeywell International in the 4th quarter valued at about $45,000. Institutional investors own 75.91% of the company's stock.

Honeywell International Price Performance

NASDAQ:HON traded down $14.79 on Thursday, hitting $224.48. The company had a trading volume of 11,168,813 shares, compared to its average volume of 2,914,790. The firm has a 50 day moving average of $229.34 and a two-hundred day moving average of $216.95. The stock has a market capitalization of $144.27 billion, a price-to-earnings ratio of 25.80, a PEG ratio of 2.72 and a beta of 1.07. Honeywell International Inc. has a 52 week low of $179.36 and a 52 week high of $242.77. The company has a current ratio of 1.25, a quick ratio of 0.95 and a debt-to-equity ratio of 1.43.

Honeywell International (NASDAQ:HON - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The conglomerate reported $2.75 earnings per share for the quarter, beating the consensus estimate of $2.66 by $0.09. Honeywell International had a return on equity of 36.19% and a net margin of 14.51%. The company had revenue of $10.35 billion for the quarter, compared to the consensus estimate of $10.01 billion. During the same quarter last year, the business posted $2.49 EPS. Honeywell International's revenue for the quarter was up 8.1% on a year-over-year basis. On average, research analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 16th were paid a $1.13 dividend. This represents a $4.52 annualized dividend and a dividend yield of 2.01%. The ex-dividend date was Friday, May 16th. Honeywell International's dividend payout ratio is currently 51.95%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on HON. Mizuho lifted their price target 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. Wells Fargo & Company lifted their price objective 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 set a $226.00 target price on shares of Honeywell International in a report on Wednesday, June 25th. Citigroup boosted their price target on Honeywell International from $242.00 to $265.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Finally, Barclays increased their price objective on shares of Honeywell International from $258.00 to $265.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 9th. Eight equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $250.79.

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.