Daymark Wealth Partners LLC Sells 94,050 Shares of Honeywell International Inc. (NASDAQ:HON)

Daymark Wealth Partners LLC reduced its holdings in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 71.7% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 37,208 shares of the conglomerate's stock after selling 94,050 shares during the quarter. Daymark Wealth Partners LLC's holdings in Honeywell International were worth $7,879,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Claris Advisors LLC MO boosted its stake in shares of Honeywell International by 4.8% during the 4th quarter. Claris Advisors LLC MO now owns 1,069 shares of the conglomerate's stock worth $241,000 after buying an additional 49 shares during the last quarter. Avantax Planning Partners Inc. raised its holdings in 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 acquiring an additional 49 shares in the last quarter. Zions Bancorporation N.A. boosted its position in Honeywell International by 7.4% during the fourth quarter. Zions Bancorporation N.A. now owns 726 shares of the conglomerate's stock valued at $164,000 after purchasing an additional 50 shares during the last quarter. Cetera Trust Company N.A grew its stake in 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 purchasing an additional 50 shares in the last quarter. Finally, Kennedy Investment Group increased its position in shares of Honeywell International by 1.7% during the 1st quarter. Kennedy Investment Group now owns 3,019 shares of the conglomerate's stock worth $639,000 after purchasing an additional 51 shares during the last quarter. Institutional investors and hedge funds own 75.91% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. JPMorgan Chase & Co. increased their price objective on Honeywell International from $182.00 to $217.00 and gave the company a "neutral" rating in a report 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 research report on Wednesday. Citigroup boosted their price objective on shares of Honeywell International from $242.00 to $265.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Barclays raised their target price on shares of Honeywell International from $243.00 to $258.00 and gave the company an "overweight" rating in a research note on Wednesday, June 18th. Finally, Bank of America raised Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price target on the stock in a research report on Wednesday, May 7th. Eight investment 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 currently has a consensus rating of "Moderate Buy" and an average target price of $249.21.

Honeywell International Stock Performance

NASDAQ:HON traded up $4.59 during mid-day trading on Thursday, hitting $226.38. 2,629,205 shares of the stock were exchanged, compared to its average volume of 3,814,547. The firm's 50-day simple moving average is $217.70 and its 200 day simple moving average is $215.79. The stock has a market capitalization of $145.49 billion, a price-to-earnings ratio of 26.02, a price-to-earnings-growth ratio of 2.62 and a beta of 1.08. Honeywell International Inc. has a fifty-two week low of $179.36 and a fifty-two week 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 issued its quarterly earnings data on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share for the quarter, topping the consensus estimate of $2.21 by $0.30. Honeywell International had a net margin of 14.51% and a return on equity of 36.19%. The business had revenue of $9.82 billion during the quarter, compared to analysts' expectations of $9.59 billion. During the same quarter in the previous year, the company earned $2.25 EPS. The business's revenue was up 7.9% on a year-over-year basis. As a group, equities analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 16th were given a $1.13 dividend. This represents a $4.52 annualized dividend and a dividend yield of 2.00%. The ex-dividend date was Friday, May 16th. Honeywell International's payout ratio is presently 51.95%.

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.