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

Envestnet Asset Management Inc. decreased its position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 11.2% during the first quarter, according to the company in 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 quarter. 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 institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its position in Honeywell International by 9.1% in the fourth quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate's stock worth $4,302,000 after acquiring an additional 1,582 shares during the period. Proficio Capital Partners LLC raised its position in Honeywell International by 40.8% in the fourth quarter. Proficio Capital Partners LLC now owns 2,635 shares of the conglomerate's stock worth $595,000 after acquiring an additional 764 shares during the period. Edgestream Partners L.P. raised its position in Honeywell International by 27.1% in the fourth quarter. Edgestream Partners L.P. now owns 3,386 shares of the conglomerate's stock worth $765,000 after acquiring an additional 721 shares during the period. Amundi raised its position in Honeywell International by 10.9% in the fourth quarter. Amundi now owns 399,176 shares of the conglomerate's stock worth $87,887,000 after acquiring an additional 39,298 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in Honeywell International by 3.5% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 141,906 shares of the conglomerate's stock worth $32,055,000 after acquiring an additional 4,789 shares during the period. Hedge funds and other institutional investors own 75.91% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on HON shares. Citigroup increased 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 increased their price target on shares of 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 restated a "sector perform" rating and set a $226.00 price objective on shares of Honeywell International in a research report on Wednesday, June 25th. JPMorgan Chase & Co. raised their price objective on shares of Honeywell International from $182.00 to $217.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. Finally, Mizuho raised their price objective on shares of Honeywell International from $235.00 to $250.00 and gave the company an "outperform" rating in a research report on Friday, May 16th. Eight research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $250.79.

Honeywell International Trading Down 0.0%

Shares of HON stock traded down $0.02 during trading hours on Thursday, reaching $238.70. 464,590 shares of the stock were exchanged, compared to its average volume of 3,842,103. Honeywell International Inc. has a 12-month low of $179.36 and a 12-month high of $242.77. The company's 50-day moving average price is $224.88 and its 200-day moving average price is $216.31. The firm has a market capitalization of $153.41 billion, a price-to-earnings ratio of 27.43, a price-to-earnings-growth ratio of 2.73 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.

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 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 analyst estimates of $9.59 billion. During the same quarter last year, the business posted $2.25 EPS. The firm's revenue for the quarter was up 7.9% on a year-over-year basis. As a group, equities analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Dividend Announcement

The business also recently disclosed 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 was Friday, May 16th. This represents a $4.52 dividend on an annualized basis and a yield of 1.89%. Honeywell International's payout ratio is 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.