Harbor Capital Advisors Inc. Cuts Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

Harbor Capital Advisors Inc. lowered its stake in Honeywell International Inc. (NASDAQ:HON - Free Report) by 29.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,757 shares of the conglomerate's stock after selling 4,585 shares during the period. Harbor Capital Advisors Inc.'s holdings in Honeywell International were worth $2,278,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Olstein Capital Management L.P. increased its holdings in shares of Honeywell International by 39.3% in the first quarter. Olstein Capital Management L.P. now owns 19,500 shares of the conglomerate's stock valued at $4,129,000 after purchasing an additional 5,500 shares during the period. Parisi Gray Wealth Management increased its holdings in shares of Honeywell International by 2.1% in the first quarter. Parisi Gray Wealth Management now owns 10,239 shares of the conglomerate's stock valued at $2,168,000 after purchasing an additional 215 shares during the period. Tounjian Advisory Partners LLC acquired a new position in shares of Honeywell International in the first quarter valued at approximately $3,229,000. Cetera Trust Company N.A boosted its stake in shares of Honeywell International by 0.5% in the first quarter. Cetera Trust Company N.A now owns 10,475 shares of the conglomerate's stock valued at $2,218,000 after buying an additional 50 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its stake in shares of Honeywell International by 13.0% in the first quarter. Farther Finance Advisors LLC now owns 10,526 shares of the conglomerate's stock valued at $2,247,000 after buying an additional 1,212 shares in the last quarter. Institutional investors and hedge funds own 75.91% of the company's stock.

Honeywell International Price Performance

Honeywell International stock traded down $1.76 during midday trading on Friday, reaching $224.29. 2,497,010 shares of the company were exchanged, compared to its average volume of 3,818,612. The firm's 50-day simple moving average is $213.35 and its 200-day simple moving average is $216.13. Honeywell International Inc. has a 1 year low of $179.36 and a 1 year high of $242.77. The company has a market capitalization of $144.15 billion, a price-to-earnings ratio of 25.75, a P/E/G ratio of 2.51 and a beta of 1.08. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.01 and a current ratio of 1.31.

Honeywell International (NASDAQ:HON - Get Free Report) last issued its quarterly 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. The business had revenue of $9.82 billion during the quarter, compared to the consensus estimate of $9.59 billion. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. The company's quarterly revenue was up 7.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.25 earnings per share. On average, analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Announces Dividend

The firm also recently announced 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 of this dividend was Friday, May 16th. This represents a $4.52 annualized dividend and a yield of 2.02%. Honeywell International's dividend payout ratio (DPR) is presently 51.95%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Royal Bank of Canada lifted their price target on Honeywell International from $211.00 to $226.00 and gave the company a "sector perform" rating in a research note on Wednesday, April 30th. Bank of America upgraded Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price target on the stock in a research note on Wednesday, May 7th. Wells Fargo & Company lifted their price target on Honeywell International from $205.00 to $225.00 and gave the company an "equal weight" rating in a research note on Wednesday, April 30th. Barclays decreased their price target on Honeywell International from $247.00 to $243.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 30th. Finally, Citigroup lifted 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. Eight equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Honeywell International presently has a consensus rating of "Moderate Buy" and an average target price of $248.14.

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.