Honeywell International Inc. (NASDAQ:HON) Shares Sold by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC lowered its stake in Honeywell International Inc. (NASDAQ:HON - Free Report) by 11.7% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 25,713 shares of the conglomerate's stock after selling 3,391 shares during the quarter. Axxcess Wealth Management LLC's holdings in Honeywell International were worth $5,445,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in HON. Avantax Planning Partners Inc. raised its position in shares of Honeywell International by 1.4% during the fourth quarter. Avantax Planning Partners Inc. now owns 3,441 shares of the conglomerate's stock worth $777,000 after purchasing an additional 49 shares during the period. Zions Bancorporation N.A. raised its position in shares of Honeywell International by 7.4% during the fourth quarter. Zions Bancorporation N.A. now owns 726 shares of the conglomerate's stock worth $164,000 after purchasing an additional 50 shares during the period. Cetera Trust Company N.A raised its position in shares of Honeywell International by 0.5% during the first quarter. Cetera Trust Company N.A now owns 10,475 shares of the conglomerate's stock worth $2,218,000 after purchasing an additional 50 shares during the period. Kennedy Investment Group grew its holdings in shares of Honeywell International by 1.7% during the first quarter. Kennedy Investment Group now owns 3,019 shares of the conglomerate's stock worth $639,000 after buying an additional 51 shares in the last quarter. Finally, Palumbo Wealth Management LLC grew its holdings in shares of Honeywell International by 1.8% during the first quarter. Palumbo Wealth Management LLC now owns 3,053 shares of the conglomerate's stock worth $646,000 after buying an additional 54 shares in the last quarter. Institutional investors and hedge funds own 75.91% of the company's stock.

Honeywell International Stock Performance

NASDAQ:HON opened at $238.72 on Thursday. The stock has a market cap of $153.42 billion, a P/E ratio of 27.44, a PEG ratio of 2.73 and a beta of 1.07. The stock has a 50 day simple moving average of $224.88 and a 200 day simple moving average of $216.31. 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 Inc. has a 1-year low of $179.36 and a 1-year high of $242.77.

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 firm 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%. 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 earned $2.25 EPS. Research analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Shareholders 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 1.89%. Honeywell International's dividend payout ratio is presently 51.95%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on HON shares. Mizuho increased their price objective on Honeywell International from $235.00 to $250.00 and gave the stock an "outperform" rating in a report on Friday, May 16th. Citigroup increased their price objective on Honeywell International from $242.00 to $265.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Royal Bank Of Canada reiterated a "sector perform" rating and set a $226.00 price objective on shares of Honeywell International in a report on Wednesday, June 25th. Bank of America upgraded Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price target for the company in a research note on Wednesday, May 7th. Finally, JPMorgan Chase & Co. raised their price target on Honeywell International from $182.00 to $217.00 and gave the company a "neutral" rating in a research note 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 issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $250.79.

Honeywell International Company 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.

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