Golden State Equity Partners Reduces Stock Position in Honeywell International Inc. (NASDAQ:HON)

Golden State Equity Partners cut its stake in Honeywell International Inc. (NASDAQ:HON - Free Report) by 33.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,473 shares of the conglomerate's stock after selling 2,288 shares during the quarter. Golden State Equity Partners' holdings in Honeywell International were worth $947,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Mainstream Capital Management LLC acquired a new position in Honeywell International during the fourth quarter worth $25,000. Avalon Trust Co boosted its position in shares of Honeywell International by 166.7% during the 4th quarter. Avalon Trust Co now owns 120 shares of the conglomerate's stock valued at $27,000 after acquiring an additional 75 shares during the last quarter. Mpwm Advisory Solutions LLC acquired a new position in shares of Honeywell International during the 4th quarter valued at about $29,000. Accredited Wealth Management LLC purchased a new stake in shares of Honeywell International in the fourth quarter valued at about $34,000. Finally, Curio Wealth LLC acquired a new stake in Honeywell International during the fourth quarter worth about $35,000. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Stock Up 0.5%

HON traded up $1.04 during trading hours on Friday, hitting $227.42. 368,113 shares of the company's stock were exchanged, compared to its average volume of 3,801,082. The firm has a market cap of $146.16 billion, a P/E ratio of 26.13, a price-to-earnings-growth ratio of 2.59 and a beta of 1.08. 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. The firm has a 50 day moving average of $218.29 and a 200 day moving average of $215.80.

Honeywell International (NASDAQ:HON - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share for the quarter, topping analysts' consensus estimates of $2.21 by $0.30. The business had revenue of $9.82 billion for the quarter, compared to analyst estimates of $9.59 billion. Honeywell International had a return on equity of 36.19% and a net margin of 14.51%. The company's revenue was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.25 earnings per share. Analysts predict that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 16th were issued a $1.13 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $4.52 annualized dividend and a yield of 1.99%. Honeywell International's dividend payout ratio (DPR) is 51.95%.

Analysts Set New Price Targets

HON has been the topic of several recent analyst reports. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $226.00 target price on shares of Honeywell International in a report on Wednesday. Bank of America upgraded Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price objective on the stock in a report on Wednesday, May 7th. Wells Fargo & Company raised 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. Citigroup upped 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, Mizuho raised their price objective on Honeywell International from $235.00 to $250.00 and gave the stock an "outperform" rating in a research report on Friday, May 16th. Eight equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $249.21.

About Honeywell International

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.