Insigneo Advisory Services LLC Sells 1,616 Shares of Honeywell International Inc. (NASDAQ:HON)

Insigneo Advisory Services LLC lowered its position in Honeywell International Inc. (NASDAQ:HON - Free Report) by 6.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 22,649 shares of the conglomerate's stock after selling 1,616 shares during the period. Honeywell International accounts for 0.5% of Insigneo Advisory Services LLC's portfolio, making the stock its 29th largest holding. Insigneo Advisory Services LLC's holdings in Honeywell International were worth $4,796,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. LaFleur & Godfrey LLC boosted its holdings in shares of Honeywell International by 40.7% during the 4th quarter. LaFleur & Godfrey LLC now owns 42,277 shares of the conglomerate's stock worth $9,550,000 after buying an additional 12,227 shares during the period. Brighton Jones LLC boosted its holdings in Honeywell International by 9.1% during the fourth quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate's stock valued at $4,302,000 after acquiring an additional 1,582 shares during the period. Union Bancaire Privee UBP SA acquired a new stake in shares of Honeywell International in the fourth quarter valued at about $21,525,000. Nations Financial Group Inc. IA ADV increased its stake in shares of Honeywell International by 4.4% in the fourth quarter. Nations Financial Group Inc. IA ADV now owns 2,850 shares of the conglomerate's stock worth $644,000 after purchasing an additional 120 shares during the period. Finally, Congress Asset Management Co. lifted its position in shares of Honeywell International by 12.7% during the 4th quarter. Congress Asset Management Co. now owns 67,092 shares of the conglomerate's stock worth $15,156,000 after purchasing an additional 7,574 shares during the last quarter. Institutional investors own 75.91% of the company's stock.

Honeywell International Price Performance

Shares of NASDAQ:HON traded up $0.08 on Wednesday, hitting $221.87. The stock had a trading volume of 3,598,316 shares, compared to its average volume of 3,824,050. The firm's 50 day moving average price is $214.63 and its 200-day moving average price is $215.92. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.95 and a current ratio of 1.25. Honeywell International Inc. has a twelve month low of $179.36 and a twelve month high of $242.77. The company has a market capitalization of $142.59 billion, a price-to-earnings ratio of 25.50, a price-to-earnings-growth ratio of 2.59 and a beta of 1.08.

Honeywell International (NASDAQ:HON - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The conglomerate reported $2.51 EPS for the quarter, beating analysts' consensus estimates of $2.21 by $0.30. The firm had revenue of $9.82 billion for the quarter, compared to analyst estimates of $9.59 billion. Honeywell International had a net margin of 14.51% and a return on equity of 36.19%. The company's revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period in the previous year, the business earned $2.25 earnings per share. On average, equities research analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 6th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.04%. Honeywell International's dividend payout ratio (DPR) is presently 51.95%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on HON. 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 report on Wednesday, May 7th. Mizuho raised their price target 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. Wells Fargo & Company upped their price objective on shares of Honeywell International from $205.00 to $225.00 and gave the company an "equal weight" rating in a research report on Wednesday, April 30th. Wall Street Zen upgraded shares of Honeywell International from a "hold" rating to a "buy" rating in a research note on Thursday, May 15th. Finally, JPMorgan Chase & Co. boosted their price target on Honeywell International from $182.00 to $217.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Eight investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $249.21.

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.