Crestwood Advisors Group LLC Sells 4,435 Shares of Honeywell International Inc. (NASDAQ:HON)

Crestwood Advisors Group LLC reduced its holdings in Honeywell International Inc. (NASDAQ:HON - Free Report) by 1.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 353,002 shares of the conglomerate's stock after selling 4,435 shares during the quarter. Honeywell International makes up approximately 1.4% of Crestwood Advisors Group LLC's holdings, making the stock its 13th largest holding. Crestwood Advisors Group LLC owned about 0.05% of Honeywell International worth $74,748,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Mpwm Advisory Solutions LLC bought a new position in Honeywell International in the 4th quarter worth approximately $29,000. Accredited Wealth Management LLC acquired a new position in shares of Honeywell International in the 4th quarter valued at $34,000. Alexis Investment Partners LLC acquired a new position in Honeywell International in the 4th quarter worth $37,000. Banque de Luxembourg S.A. acquired a new position in Honeywell International in the 4th quarter worth $38,000. Finally, Garde Capital Inc. acquired a new position in Honeywell International in the 1st quarter worth $42,000. 75.91% of the stock is owned by institutional investors and hedge funds.

Honeywell International Price Performance

Shares of NASDAQ:HON traded down $12.18 during trading on Thursday, reaching $227.09. The company had a trading volume of 6,463,098 shares, compared to its average volume of 4,101,874. The company has a fifty day moving average of $229.34 and a two-hundred day moving average of $216.95. The stock has a market capitalization of $145.95 billion, a P/E ratio of 26.10, a price-to-earnings-growth ratio of 2.69 and a beta of 1.07. Honeywell International Inc. has a 12 month low of $179.36 and a 12 month 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 announced its earnings results on Thursday, July 24th. The conglomerate reported $2.75 earnings per share for the quarter, beating analysts' consensus estimates of $2.66 by $0.09. Honeywell International had a net margin of 14.51% and a return on equity of 36.19%. The firm had revenue of $10.35 billion for the quarter, compared to analyst estimates of $10.01 billion. During the same quarter in the previous year, the firm posted $2.49 EPS. The company's revenue for the quarter was up 8.1% compared to the same quarter last year. Equities research analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Dividend Announcement

The business also recently disclosed 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. The ex-dividend date was Friday, May 16th. This represents a $4.52 dividend on an annualized basis and a yield of 1.99%. Honeywell International's dividend payout ratio (DPR) is 51.95%.

Analyst Ratings Changes

A number of research firms have recently commented on HON. Royal Bank Of Canada restated a "sector perform" rating and set a $226.00 price objective on shares of Honeywell International in a research note on Wednesday, June 25th. Wall Street Zen raised shares of Honeywell International from a "hold" rating to a "buy" rating in a report on Thursday, May 15th. Wells Fargo & Company raised their target price on shares of Honeywell International from $225.00 to $240.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 1st. Citigroup increased their price target on shares of Honeywell International from $242.00 to $265.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Finally, Mizuho increased their price target on shares of Honeywell International from $235.00 to $250.00 and gave the stock an "outperform" rating in a research report on Friday, May 16th. Eight 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 data from MarketBeat.com, Honeywell International has an average rating of "Moderate Buy" and a consensus 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.