Axxcess Wealth Management LLC Sells 3,391 Shares of Honeywell International Inc. (NASDAQ:HON)

Axxcess Wealth Management LLC cut its holdings in Honeywell International Inc. (NASDAQ:HON - Free Report) by 11.7% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 25,713 shares of the conglomerate's stock after selling 3,391 shares during the period. Axxcess Wealth Management LLC's holdings in Honeywell International were worth $5,445,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Avalon Trust Co lifted its stake in shares of Honeywell International by 166.7% during the 4th quarter. Avalon Trust Co now owns 120 shares of the conglomerate's stock worth $27,000 after buying an additional 75 shares during the last quarter. Mpwm Advisory Solutions LLC bought a new position in Honeywell International in the fourth quarter valued at approximately $29,000. Accredited Wealth Management LLC acquired a new position in shares of Honeywell International during the 4th quarter worth $34,000. Curio Wealth LLC bought a new position in Honeywell International in the 4th quarter valued at approximately $35,000. Finally, Alexis Investment Partners LLC bought a new stake in Honeywell International during the 4th quarter worth $37,000. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on HON. Citigroup boosted 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. Barclays upped their price target on Honeywell International from $258.00 to $265.00 and gave the stock an "overweight" rating in a report on Wednesday. Mizuho lifted their target price on Honeywell International from $235.00 to $250.00 and gave the stock an "outperform" rating in a research note on Friday, May 16th. Royal Bank Of Canada reissued a "sector perform" rating and issued a $226.00 price objective on shares of Honeywell International in a report on Wednesday, June 25th. Finally, Wells Fargo & Company lifted their target price on Honeywell International from $225.00 to $240.00 and gave the company an "equal weight" rating in a report on Tuesday, July 1st. Eight 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's stock. Based on data from MarketBeat.com, Honeywell International has a consensus rating of "Moderate Buy" and an average price target of $250.79.

Honeywell International Trading Down 0.4%

Shares of HON stock traded down $0.84 on Friday, hitting $235.93. 2,417,149 shares of the company's stock traded hands, compared to its average volume of 3,856,139. The stock has a market capitalization of $151.63 billion, a price-to-earnings ratio of 27.12, a P/E/G ratio of 2.69 and a beta of 1.07. The company's fifty day simple moving average is $225.84 and its 200 day simple moving average is $216.42. Honeywell International Inc. has a one year low of $179.36 and a one year high of $242.77. 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 (NASDAQ:HON - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The conglomerate reported $2.51 EPS for the quarter, topping the consensus estimate of $2.21 by $0.30. The firm had revenue of $9.82 billion for the quarter, compared to the consensus estimate of $9.59 billion. Honeywell International had a return on equity of 36.19% and a net margin of 14.51%. The company's quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.25 earnings per share. Equities analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 16th were issued a dividend of $1.13 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $4.52 dividend on an annualized basis and a yield of 1.92%. Honeywell International's dividend payout ratio 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.