Honeywell International Inc. (NASDAQ:HON) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. trimmed its holdings in Honeywell International Inc. (NASDAQ:HON - Free Report) by 11.2% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund 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 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Avantax Planning Partners Inc. raised its holdings in Honeywell International by 1.4% in the 4th quarter. Avantax Planning Partners Inc. now owns 3,441 shares of the conglomerate's stock valued at $777,000 after buying an additional 49 shares during the period. Claris Advisors LLC MO raised its stake in shares of Honeywell International by 4.8% in the 4th quarter. Claris Advisors LLC MO now owns 1,069 shares of the conglomerate's stock valued at $241,000 after acquiring an additional 49 shares during the period. Zions Bancorporation N.A. lifted its holdings in shares of Honeywell International by 7.4% in the 4th quarter. Zions Bancorporation N.A. now owns 726 shares of the conglomerate's stock worth $164,000 after acquiring an additional 50 shares during the last quarter. Cetera Trust Company N.A boosted its position in shares of Honeywell International by 0.5% during the 1st 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. Finally, Kennedy Investment Group increased its holdings in Honeywell International by 1.7% in the 1st quarter. Kennedy Investment Group now owns 3,019 shares of the conglomerate's stock valued at $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.

Wall Street Analyst Weigh In

Several research firms have recently commented on HON. Barclays raised their price target on Honeywell International from $258.00 to $265.00 and gave the stock an "overweight" rating in a research report on Wednesday. Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $226.00 target price on shares of Honeywell International in a research report on Wednesday, June 25th. Wall Street Zen upgraded shares of Honeywell International from a "hold" rating to a "buy" rating in a research note on Thursday, May 15th. Bank of America raised 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 note on Wednesday, May 7th. Finally, Wells Fargo & Company upped their target price on shares of Honeywell International from $225.00 to $240.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 1st. Eight investment 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 presently has a consensus rating of "Moderate Buy" and a consensus price target of $250.79.

Honeywell International Stock Down 0.5%

HON stock traded down $1.08 during trading on Wednesday, hitting $238.72. 2,176,954 shares of the company's stock were exchanged, compared to its average volume of 3,845,503. The business has a 50-day moving average price of $224.32 and a two-hundred day moving average price of $216.15. 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 stock has a market capitalization of $153.42 billion, a price-to-earnings ratio of 27.44, a PEG ratio of 2.73 and a beta of 1.07. Honeywell International Inc. has a 52-week low of $179.36 and a 52-week high of $242.77.

Honeywell International (NASDAQ:HON - Get Free Report) last released its quarterly earnings data 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 for the quarter, compared to analysts' expectations of $9.59 billion. During the same quarter last year, the company earned $2.25 earnings per share. The firm's revenue for the quarter was up 7.9% on a year-over-year basis. As a group, equities research analysts expect that Honeywell International Inc. will post 10.34 EPS for the current 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 dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date of this dividend was Friday, May 16th. Honeywell International's dividend payout ratio (DPR) is currently 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.