Honeywell International Inc. (NASDAQ:HON) Shares Sold by Lineweaver Wealth Advisors LLC

Lineweaver Wealth Advisors LLC lessened its holdings in Honeywell International Inc. (NASDAQ:HON - Free Report) by 22.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,371 shares of the conglomerate's stock after selling 2,748 shares during the quarter. Lineweaver Wealth Advisors LLC's holdings in Honeywell International were worth $1,987,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Bridgewater Advisors Inc. purchased a new stake in Honeywell International in the 1st quarter worth approximately $431,000. Tectonic Advisors LLC lifted its holdings in Honeywell International by 138.7% in the 1st quarter. Tectonic Advisors LLC now owns 2,833 shares of the conglomerate's stock valued at $600,000 after purchasing an additional 1,646 shares in the last quarter. Violich Capital Management Inc. lifted its holdings in Honeywell International by 1.1% in the 1st quarter. Violich Capital Management Inc. now owns 65,186 shares of the conglomerate's stock valued at $13,803,000 after purchasing an additional 705 shares in the last quarter. Wealthfront Advisers LLC increased its stake in shares of Honeywell International by 4.3% in the 1st quarter. Wealthfront Advisers LLC now owns 81,189 shares of the conglomerate's stock worth $17,192,000 after acquiring an additional 3,383 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its stake in shares of Honeywell International by 2.4% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 120,881 shares of the conglomerate's stock worth $25,596,000 after acquiring an additional 2,795 shares during the last quarter. Institutional investors and hedge funds own 75.91% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Citigroup raised their price objective on Honeywell International from $242.00 to $265.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Bank of America raised Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price target for the company in a report on Wednesday, May 7th. JPMorgan Chase & Co. increased their price objective on Honeywell International from $182.00 to $217.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. Mizuho raised their price target on Honeywell International from $235.00 to $250.00 and gave the company an "outperform" rating in a research report on Friday, May 16th. Finally, Royal Bank Of Canada restated a "sector perform" rating and issued a $226.00 price target on shares of Honeywell International in a research report on Wednesday, June 25th. Eight investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $250.79.

Honeywell International Trading Up 0.7%

HON traded up $1.58 during midday trading on Wednesday, hitting $236.88. The company's stock had a trading volume of 2,823,564 shares, compared to its average volume of 3,861,299. The company has a current ratio of 1.25, a quick ratio of 0.95 and a debt-to-equity ratio of 1.43. The firm has a market cap of $152.24 billion, a P/E ratio of 27.23, a PEG ratio of 2.67 and a beta of 1.07. The firm has a 50-day moving average price of $226.82 and a two-hundred day moving average price of $216.42. 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 earnings results 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. The business had revenue of $9.82 billion during the quarter, compared to analysts' expectations of $9.59 billion. Honeywell International had a return on equity of 36.19% and a net margin of 14.51%. The company's revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.25 EPS. On average, research analysts anticipate 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. Shareholders of record on Friday, May 16th were given a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date was Friday, May 16th. Honeywell International's payout ratio is 51.95%.

Honeywell International 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.