Envestnet Asset Management Inc. Sells 117,270 Shares of Honeywell International Inc. (NASDAQ:HON)

Envestnet Asset Management Inc. reduced its position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 11.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 934,460 shares of the conglomerate's stock after selling 117,270 shares during the period. Envestnet Asset Management Inc. owned 0.15% of Honeywell International worth $197,872,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Avalon Trust Co boosted its holdings in Honeywell International by 166.7% in the 4th quarter. Avalon Trust Co now owns 120 shares of the conglomerate's stock valued at $27,000 after purchasing an additional 75 shares during the period. Mpwm Advisory Solutions LLC bought a new stake in Honeywell International in the 4th quarter valued at $29,000. Accredited Wealth Management LLC bought a new stake in Honeywell International in the 4th quarter valued at $34,000. Curio Wealth LLC bought a new stake in Honeywell International in the 4th quarter valued at $35,000. Finally, Alexis Investment Partners LLC bought a new stake in Honeywell International in the 4th quarter valued at $37,000. 75.91% of the stock is owned by institutional investors.

Honeywell International Price Performance

Shares of Honeywell International stock traded down $0.84 during mid-day trading on Friday, reaching $235.93. 2,417,149 shares of the stock were exchanged, compared to its average volume of 3,863,234. The company has a market cap of $151.63 billion, a price-to-earnings ratio of 27.12, a price-to-earnings-growth ratio of 2.68 and a beta of 1.07. The company has a current ratio of 1.25, a quick ratio of 0.95 and a debt-to-equity ratio of 1.43. The firm has a 50-day simple moving average of $225.84 and a 200 day simple moving average of $216.34. Honeywell International Inc. has a fifty-two week low of $179.36 and a fifty-two week high of $242.77.

Honeywell International (NASDAQ:HON - Get Free Report) last announced its earnings results on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share for the quarter, topping analysts' consensus estimates of $2.21 by $0.30. Honeywell International had a net margin of 14.51% and a return on equity of 36.19%. The company had revenue of $9.82 billion during the quarter, compared to the consensus estimate of $9.59 billion. During the same period in the previous year, the firm posted $2.25 earnings per share. The company's revenue was up 7.9% on a year-over-year basis. On average, sell-side analysts predict that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 16th were paid 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 dividend yield of 1.92%. Honeywell International's dividend payout ratio (DPR) is currently 51.95%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Bank of America raised shares of Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price target for the company in a report on Wednesday, May 7th. Wall Street Zen raised shares of Honeywell International from a "hold" rating to a "buy" rating in a report on Thursday, May 15th. Citigroup increased their price target on shares of Honeywell International from $242.00 to $265.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Wells Fargo & Company increased 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 note on Tuesday, July 1st. Finally, Mizuho increased their price objective on shares of Honeywell International from $235.00 to $250.00 and gave the company an "outperform" rating in a research note on Friday, May 16th. Eight 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 MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $250.79.

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.