Waters Parkerson & CO. LLC Sells 1,378 Shares of Honeywell International Inc. (NASDAQ:HON)

Waters Parkerson & CO. LLC decreased its position in Honeywell International Inc. (NASDAQ:HON - Free Report) by 1.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 139,059 shares of the conglomerate's stock after selling 1,378 shares during the period. Honeywell International makes up approximately 1.7% of Waters Parkerson & CO. LLC's holdings, making the stock its 18th biggest position. Waters Parkerson & CO. LLC's holdings in Honeywell International were worth $31,415,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Baldwin Wealth Partners LLC MA boosted its holdings in Honeywell International by 4.0% in the fourth quarter. Baldwin Wealth Partners LLC MA now owns 67,303 shares of the conglomerate's stock worth $15,203,000 after purchasing an additional 2,611 shares during the last quarter. World Investment Advisors grew its holdings in shares of Honeywell International by 137.7% in the fourth quarter. World Investment Advisors now owns 22,387 shares of the conglomerate's stock worth $5,057,000 after acquiring an additional 12,969 shares during the period. Coordinated Financial Services Inc. purchased a new stake in Honeywell International during the fourth quarter valued at $361,000. Costello Asset Management INC bought a new position in Honeywell International in the fourth quarter valued at about $3,092,000. Finally, Schroder Investment Management Group boosted its position in 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 purchasing an additional 10,092 shares during the last quarter. 75.91% of the stock is currently owned by institutional investors.

Honeywell International Price Performance

Shares of Honeywell International stock traded down $1.45 on Friday, hitting $222.18. 1,778,570 shares of the company traded hands, compared to its average volume of 3,780,412. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.01 and a current ratio of 1.31. The business has a 50-day simple moving average of $207.36 and a 200 day simple moving average of $216.15. Honeywell International Inc. has a 52 week low of $179.36 and a 52 week high of $242.77. The stock has a market capitalization of $142.79 billion, a P/E ratio of 25.51, a price-to-earnings-growth ratio of 2.51 and a beta of 1.07.

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

Honeywell International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 16th will be paid a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date is Friday, May 16th. Honeywell International's payout ratio is 51.95%.

Wall Street Analyst Weigh In

HON has been the subject of several research reports. Bank of America raised shares of Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price target for the company in a research report on Wednesday, May 7th. Citigroup decreased their price target on shares of Honeywell International from $253.00 to $229.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Wall Street Zen raised shares of Honeywell International from a "hold" rating to a "buy" rating in a research report on Thursday, May 15th. Morgan Stanley raised their target price on Honeywell International from $210.00 to $217.00 and gave the stock an "equal weight" rating in a report on Tuesday, February 11th. Finally, Mizuho boosted their price target on Honeywell International from $235.00 to $250.00 and gave the company an "outperform" rating in a report on Friday, May 16th. Eight 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 stock. According to MarketBeat, Honeywell International has a consensus rating of "Moderate Buy" and an average price target of $245.57.

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.