Woodline Partners LP Trims Holdings in Honeywell International Inc. (NASDAQ:HON)

Woodline Partners LP decreased its position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 38.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,032 shares of the conglomerate's stock after selling 7,616 shares during the period. Woodline Partners LP's holdings in Honeywell International were worth $2,718,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. LaFleur & Godfrey LLC grew its stake in shares of Honeywell International by 40.7% in the 4th quarter. LaFleur & Godfrey LLC now owns 42,277 shares of the conglomerate's stock valued at $9,550,000 after purchasing an additional 12,227 shares during the last quarter. Mutual Advisors LLC grew its stake in shares of Honeywell International by 10.2% in the 4th quarter. Mutual Advisors LLC now owns 8,464 shares of the conglomerate's stock valued at $1,885,000 after purchasing an additional 785 shares during the last quarter. Secure Asset Management LLC grew its stake in shares of Honeywell International by 4.5% in the 4th quarter. Secure Asset Management LLC now owns 1,538 shares of the conglomerate's stock valued at $347,000 after purchasing an additional 66 shares during the last quarter. Brighton Jones LLC grew its stake in shares of Honeywell International by 9.1% in the 4th quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate's stock valued at $4,302,000 after purchasing an additional 1,582 shares during the last quarter. Finally, RFG Advisory LLC grew its stake in shares of Honeywell International by 11.6% in the 4th quarter. RFG Advisory LLC now owns 2,872 shares of the conglomerate's stock valued at $649,000 after purchasing an additional 299 shares during the last quarter. Institutional investors and hedge funds own 75.91% of the company's stock.

Analysts Set New Price Targets

Several research analysts have weighed in on HON shares. Royal Bank of Canada lifted their target price on Honeywell International from $211.00 to $226.00 and gave the company a "sector perform" rating in a research note on Wednesday, April 30th. Morgan Stanley lifted their target price on Honeywell International from $210.00 to $217.00 and gave the company an "equal weight" rating in a research note on Tuesday, February 11th. Bank of America raised Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price objective on the stock in a report on Wednesday, May 7th. JPMorgan Chase & Co. raised their target price on Honeywell International from $182.00 to $217.00 and gave the company a "neutral" rating in a report on Friday, May 16th. Finally, Mizuho boosted their target price on shares of Honeywell International from $235.00 to $250.00 and gave the stock an "outperform" rating in a research report on Friday, May 16th. 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, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $245.57.

Honeywell International Price Performance

Shares of Honeywell International stock traded down $0.12 on Friday, hitting $225.08. The company's stock had a trading volume of 950,916 shares, compared to its average volume of 3,794,075. Honeywell International Inc. has a 52-week low of $179.36 and a 52-week high of $242.77. The company has a quick ratio of 1.01, a current ratio of 1.31 and a debt-to-equity ratio of 1.33. The firm has a fifty day moving average price of $208.74 and a 200-day moving average price of $216.38. The company has a market capitalization of $144.65 billion, a P/E ratio of 25.82, a price-to-earnings-growth ratio of 2.51 and a beta of 1.07.

Honeywell International (NASDAQ:HON - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The conglomerate reported $2.51 EPS for the quarter, topping the consensus estimate of $2.21 by $0.30. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. The business had revenue of $9.82 billion for the quarter, compared to analyst estimates of $9.59 billion. During the same period in the previous year, the firm earned $2.25 EPS. The business's revenue for the quarter was up 7.9% compared to the same quarter last year. On average, equities research analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 16th will be issued a $1.13 dividend. The ex-dividend date is Friday, May 16th. This represents a $4.52 dividend on an annualized basis and a yield of 2.01%. 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.