Essex LLC Decreases Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

Essex LLC reduced its position in Honeywell International Inc. (NASDAQ:HON - Free Report) by 10.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,308 shares of the conglomerate's stock after selling 1,531 shares during the quarter. Essex LLC's holdings in Honeywell International were worth $2,818,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. World Investment Advisors increased its stake in 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. bought a new position in shares of Honeywell International in the fourth quarter worth approximately $361,000. Schroder Investment Management Group increased its stake in shares of Honeywell International by 12.7% in the fourth quarter. Schroder Investment Management Group now owns 89,297 shares of the conglomerate's stock worth $20,235,000 after buying an additional 10,092 shares during the period. Raymond James Financial Inc. bought a new stake in Honeywell International during the 4th quarter valued at $435,786,000. Finally, Red Door Wealth Management LLC boosted its position in Honeywell International by 2.6% during the 1st quarter. Red Door Wealth Management LLC now owns 29,090 shares of the conglomerate's stock valued at $6,160,000 after buying an additional 736 shares during the period. 75.91% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on HON. Bank of America upgraded shares of Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price objective on the stock in a research report on Wednesday, May 7th. Citigroup raised their target price on Honeywell International from $242.00 to $265.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $226.00 price target on shares of Honeywell International in a research report on Wednesday, June 25th. Wall Street Zen upgraded Honeywell International from a "hold" rating to a "buy" rating in a research report on Thursday, May 15th. Finally, Wells Fargo & Company upped their target price on Honeywell International from $225.00 to $240.00 and gave the company an "equal weight" rating in a report on Tuesday. 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 stock. Based on data from MarketBeat, Honeywell International currently has an average rating of "Moderate Buy" and a consensus price target of $250.29.

Honeywell International Stock Up 0.5%

HON stock traded up $1.26 during trading on Thursday, hitting $240.52. 1,903,189 shares of the stock traded hands, compared to its average volume of 3,843,036. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.25 and a quick ratio of 0.95. The stock has a market cap of $154.57 billion, a price-to-earnings ratio of 27.65, a price-to-earnings-growth ratio of 2.73 and a beta of 1.07. Honeywell International Inc. has a 1 year low of $179.36 and a 1 year high of $242.77. The firm's 50 day moving average is $221.36 and its two-hundred day moving average is $215.98.

Honeywell International (NASDAQ:HON - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share for the quarter, beating 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 company had revenue of $9.82 billion during the quarter, compared to the consensus estimate of $9.59 billion. During the same quarter last year, the firm earned $2.25 earnings per share. The firm's quarterly revenue was up 7.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were issued a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date of this dividend was Friday, May 16th. 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.