Cambridge Investment Research Advisors Inc. Decreases Stock Position in Honeywell International Inc. (NASDAQ:HON)

Cambridge Investment Research Advisors Inc. lessened its holdings in Honeywell International Inc. (NASDAQ:HON - Free Report) by 14.2% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 117,340 shares of the conglomerate's stock after selling 19,436 shares during the period. Cambridge Investment Research Advisors Inc.'s holdings in Honeywell International were worth $24,847,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in HON. Capital World Investors purchased a new position in shares of Honeywell International in the fourth quarter valued at about $1,594,216,000. Raymond James Financial Inc. bought a new position in shares of Honeywell International during the 4th quarter valued at approximately $435,786,000. GAMMA Investing LLC lifted its stake in shares of 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 acquiring an additional 1,320,295 shares during the last quarter. Cibc World Markets Corp increased its stake 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 worth $285,832,000 after buying an additional 1,018,099 shares during the period. Finally, Demars Financial Group LLC purchased a new position in shares of Honeywell International during the fourth quarter worth approximately $155,407,000. Hedge funds and other institutional investors own 75.91% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on HON. Wall Street Zen raised shares of Honeywell International from a "hold" rating to a "buy" rating in a research note on Thursday, May 15th. JPMorgan Chase & Co. lifted their price objective on shares of Honeywell International from $182.00 to $217.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. Citigroup raised their target price 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 increased their price objective on Honeywell International from $235.00 to $250.00 and gave the company an "outperform" rating in a report on Friday, May 16th. Finally, Wells Fargo & Company boosted their target price on Honeywell International from $205.00 to $225.00 and gave the stock an "equal weight" rating in a research note on Wednesday, April 30th. Eight research 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, the company has an average rating of "Moderate Buy" and an average price target of $249.21.

Honeywell International Stock Performance

Shares of Honeywell International stock traded up $2.94 on Monday, reaching $224.74. 2,572,817 shares of the stock were exchanged, compared to its average volume of 3,809,981. The business has a 50 day moving average price of $216.12 and a two-hundred day moving average price of $215.70. The firm has a market capitalization of $144.44 billion, a price-to-earnings ratio of 25.83, a PEG ratio of 2.59 and a beta of 1.08. Honeywell International Inc. has a twelve month low of $179.36 and a twelve month high of $242.77. The company has a quick ratio of 0.95, a current ratio of 1.25 and a debt-to-equity ratio of 1.43.

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 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 firm had revenue of $9.82 billion for the quarter, compared to the consensus estimate of $9.59 billion. During the same quarter in the prior year, the business earned $2.25 earnings per share. The company's revenue was up 7.9% compared to the same quarter last year. Analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 16th were given a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date was Friday, May 16th. Honeywell International's dividend payout ratio (DPR) is presently 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.