Krilogy Financial LLC Decreases Holdings in Honeywell International Inc. (NASDAQ:HON)

Krilogy Financial LLC cut its position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 42.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,455 shares of the conglomerate's stock after selling 13,441 shares during the quarter. Krilogy Financial LLC's holdings in Honeywell International were worth $3,908,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HON. Capital World Investors acquired a new stake in shares of Honeywell International in the 4th quarter valued at $1,594,216,000. Raymond James Financial Inc. acquired a new position in Honeywell International in the fourth quarter valued at about $435,786,000. ING Groep NV grew its stake in Honeywell International by 884.0% during the fourth quarter. ING Groep NV now owns 1,752,472 shares of the conglomerate's stock worth $395,866,000 after buying an additional 1,574,376 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Honeywell International by 20,894.0% during the first quarter. GAMMA Investing LLC now owns 1,326,614 shares of the conglomerate's stock worth $2,809,110,000 after buying an additional 1,320,295 shares in the last quarter. Finally, Cibc World Markets Corp boosted its holdings in shares of Honeywell International by 411.8% in the 4th quarter. Cibc World Markets Corp now owns 1,265,358 shares of the conglomerate's stock worth $285,832,000 after acquiring an additional 1,018,099 shares in the last quarter. 75.91% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on HON. JPMorgan Chase & Co. boosted their price objective on Honeywell International from $182.00 to $217.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. Bank of America upgraded Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price target on the stock in a report on Wednesday, May 7th. Barclays lowered their price target on shares of Honeywell International from $247.00 to $243.00 and set an "overweight" rating for the company in a research report on Wednesday, April 30th. Royal Bank of Canada increased their price objective on shares of Honeywell International from $211.00 to $226.00 and gave the company a "sector perform" rating in a report on Wednesday, April 30th. Finally, Wall Street Zen raised shares of Honeywell International from a "hold" rating to a "buy" rating in a report on Thursday, May 15th. Eight 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 has an average rating of "Moderate Buy" and an average price target of $248.14.

Honeywell International Trading Up 0.2%

Shares of HON traded up $0.39 during trading hours on Monday, hitting $224.68. 776,561 shares of the stock were exchanged, compared to its average volume of 3,812,967. The firm has a market capitalization of $144.40 billion, a P/E ratio of 25.79, a price-to-earnings-growth ratio of 2.51 and a beta of 1.08. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.31 and a quick ratio of 1.01. Honeywell International Inc. has a fifty-two week low of $179.36 and a fifty-two week high of $242.77. The business has a 50-day moving average of $213.35 and a 200-day moving average of $215.94.

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

Honeywell International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Shareholders 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 annualized dividend and a yield of 2.01%. Honeywell International's dividend payout ratio (DPR) 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.