Hohimer Wealth Management LLC Sells 2,003 Shares of Honeywell International Inc. (NASDAQ:HON)

Hohimer Wealth Management LLC decreased its position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 36.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,529 shares of the conglomerate's stock after selling 2,003 shares during the quarter. Hohimer Wealth Management LLC's holdings in Honeywell International were worth $747,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Sigma Planning Corp raised its position in shares of Honeywell International by 13.1% during the 1st quarter. Sigma Planning Corp now owns 27,016 shares of the conglomerate's stock valued at $5,721,000 after acquiring an additional 3,138 shares during the last quarter. Leelyn Smith LLC raised its position in shares of Honeywell International by 3.3% during the 1st quarter. Leelyn Smith LLC now owns 21,593 shares of the conglomerate's stock valued at $4,572,000 after acquiring an additional 684 shares during the last quarter. Florida Financial Advisors LLC raised its position in shares of Honeywell International by 4.3% during the 1st quarter. Florida Financial Advisors LLC now owns 2,936 shares of the conglomerate's stock valued at $621,000 after acquiring an additional 122 shares during the last quarter. Bleakley Financial Group LLC raised its position in shares of Honeywell International by 47.3% during the 1st quarter. Bleakley Financial Group LLC now owns 35,011 shares of the conglomerate's stock valued at $7,414,000 after acquiring an additional 11,238 shares during the last quarter. Finally, MTM Investment Management LLC raised its position in shares of Honeywell International by 42.5% during the 1st quarter. MTM Investment Management LLC now owns 8,050 shares of the conglomerate's stock valued at $1,718,000 after acquiring an additional 2,400 shares during the last quarter. Institutional investors and hedge funds own 75.91% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Citigroup upped their price objective on shares of Honeywell International from $242.00 to $265.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Royal Bank Of Canada restated a "sector perform" rating and issued a $226.00 price objective on shares of Honeywell International in a research report on Wednesday, June 25th. Wells Fargo & Company upped their price objective on shares of Honeywell International from $225.00 to $240.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 1st. Barclays upped their price objective on shares of Honeywell International from $258.00 to $265.00 and gave the company an "overweight" rating in a research report on Wednesday, July 9th. Finally, Bank of America upgraded shares of Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price objective for the company in a research report on Wednesday, May 7th. Eight research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $250.79.

Honeywell International Stock Down 1.2%

NASDAQ HON traded down $2.76 on Tuesday, reaching $235.30. The company had a trading volume of 2,354,624 shares, compared to its average volume of 3,861,918. The firm has a market capitalization of $151.22 billion, a price-to-earnings ratio of 27.05, a price-to-earnings-growth ratio of 2.71 and a beta of 1.07. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.95 and a current ratio of 1.25. Honeywell International Inc. has a 1-year low of $179.36 and a 1-year high of $242.77. The company's fifty day moving average is $226.82 and its 200-day moving average is $216.42.

Honeywell International (NASDAQ:HON - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share for the quarter, beating the consensus estimate of $2.21 by $0.30. The company had revenue of $9.82 billion during the quarter, compared to analysts' expectations of $9.59 billion. Honeywell International had a return on equity of 36.19% and a net margin of 14.51%. Honeywell International's revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter last year, the company earned $2.25 EPS. On average, research analysts forecast that Honeywell International Inc. will post 10.34 earnings per share 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 paid a $1.13 dividend. The ex-dividend date was Friday, May 16th. This represents a $4.52 annualized dividend and a yield of 1.92%. Honeywell International's dividend payout ratio (DPR) is currently 51.95%.

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.