Envestnet Portfolio Solutions Inc. Decreases Holdings in Honeywell International Inc. (NASDAQ:HON)

Envestnet Portfolio Solutions Inc. trimmed its stake in Honeywell International Inc. (NASDAQ:HON - Free Report) by 14.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 60,991 shares of the conglomerate's stock after selling 10,244 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in Honeywell International were worth $12,915,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. World Investment Advisors lifted its position in shares of Honeywell International by 137.7% in the 4th quarter. World Investment Advisors now owns 22,387 shares of the conglomerate's stock worth $5,057,000 after purchasing an additional 12,969 shares during the period. Coordinated Financial Services Inc. acquired a new position in Honeywell International in the fourth quarter valued at $361,000. Schroder Investment Management Group boosted its position in Honeywell International by 12.7% during the fourth quarter. Schroder Investment Management Group now owns 89,297 shares of the conglomerate's stock valued at $20,235,000 after acquiring an additional 10,092 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Honeywell International during the 4th quarter worth about $435,786,000. Finally, Dynasty Wealth Management LLC raised its position in shares of Honeywell International by 52.1% in the 4th quarter. Dynasty Wealth Management LLC now owns 11,330 shares of the conglomerate's stock worth $2,559,000 after acquiring an additional 3,879 shares in the last quarter. 75.91% of the stock is owned by institutional investors.

Analysts Set New Price Targets

HON has been the topic of several research analyst reports. Mizuho upped their target price on Honeywell International from $235.00 to $250.00 and gave the company an "outperform" rating in a research report on Friday, May 16th. 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 note on Wednesday, May 7th. Royal Bank Of Canada raised their price objective on shares of Honeywell International from $211.00 to $226.00 and gave the stock a "sector perform" rating in a research report on Wednesday, April 30th. Barclays boosted their target price on shares of Honeywell International from $243.00 to $258.00 and gave the company an "overweight" rating in a research report on Wednesday. Finally, Wall Street Zen raised shares of Honeywell International from a "hold" rating to a "buy" rating in a research note on Thursday, May 15th. Eight equities research 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, the company presently has an average rating of "Moderate Buy" and an average price target of $249.21.

Honeywell International Stock Down 0.0%

NASDAQ HON traded down $0.07 during trading hours on Friday, hitting $221.80. The company's stock had a trading volume of 5,853,173 shares, compared to its average volume of 3,832,222. The company has a market capitalization of $142.55 billion, a PE ratio of 25.49, a price-to-earnings-growth ratio of 2.59 and a beta of 1.08. 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 52 week low of $179.36 and a 52 week high of $242.77. The company's 50-day simple moving average is $215.66 and its two-hundred day simple moving average is $215.90.

Honeywell International (NASDAQ:HON - Get Free Report) last announced its earnings results on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.21 by $0.30. The company had revenue of $9.82 billion for 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%. Honeywell International's quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.25 earnings per share. Research analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were paid 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 2.04%. Honeywell International's dividend payout ratio (DPR) is 51.95%.

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.