OneDigital Investment Advisors LLC Trims Position in Honeywell International Inc. (NASDAQ:HON)

OneDigital Investment Advisors LLC trimmed its holdings in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 26.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 14,961 shares of the conglomerate's stock after selling 5,306 shares during the quarter. OneDigital Investment Advisors LLC's holdings in Honeywell International were worth $3,168,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Claris Advisors LLC MO raised its holdings in shares of Honeywell International by 4.8% during the 4th quarter. Claris Advisors LLC MO now owns 1,069 shares of the conglomerate's stock worth $241,000 after buying an additional 49 shares in the last quarter. Avantax Planning Partners Inc. raised its position in shares of Honeywell International by 1.4% during the fourth quarter. Avantax Planning Partners Inc. now owns 3,441 shares of the conglomerate's stock worth $777,000 after acquiring an additional 49 shares during the last quarter. Zions Bancorporation N.A. lifted its position 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 purchasing an additional 50 shares during the period. Cetera Trust Company N.A grew its holdings in 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 acquiring an additional 50 shares during the period. Finally, Kennedy Investment Group increased its holdings in Honeywell International by 1.7% in the first quarter. Kennedy Investment Group now owns 3,019 shares of the conglomerate's stock worth $639,000 after purchasing an additional 51 shares in the last quarter. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on HON. Bank of America upgraded Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 target price for the company in a research note on Wednesday, May 7th. Mizuho lifted their price target on shares of Honeywell International from $235.00 to $250.00 and gave the stock an "outperform" rating in a report on Friday, May 16th. Wells Fargo & Company increased their target price on Honeywell International from $225.00 to $240.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 1st. Citigroup upped 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. Finally, Royal Bank Of Canada restated a "sector perform" rating and issued a $226.00 target price on shares of Honeywell International in a research report on Wednesday, June 25th. Eight research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $250.29.

Honeywell International Stock Up 0.2%

Shares of NASDAQ:HON traded up $0.45 on Tuesday, hitting $239.80. 2,767,724 shares of the company traded hands, compared to its average volume of 3,852,175. The stock has a 50 day simple moving average of $223.75 and a 200-day simple moving average of $215.99. The company has a quick ratio of 0.95, a current ratio of 1.25 and a debt-to-equity ratio of 1.43. The company has a market cap of $154.11 billion, a PE ratio of 27.56, 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 issued its quarterly earnings data on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share for the quarter, topping 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 firm had revenue of $9.82 billion for the quarter, compared to analysts' expectations of $9.59 billion. During the same quarter in the prior year, the business earned $2.25 EPS. The business's quarterly revenue was up 7.9% on a year-over-year basis. As a group, research analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend was Friday, May 16th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 1.88%. Honeywell International's payout ratio 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.