Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Cuts Stake in Honeywell International Inc. (NASDAQ:HON)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA cut its stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 5.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 21,450 shares of the conglomerate's stock after selling 1,124 shares during the quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA's holdings in Honeywell International were worth $4,232,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. World Investment Advisors increased its holdings in shares of Honeywell International by 137.7% in the 4th quarter. World Investment Advisors now owns 22,387 shares of the conglomerate's stock worth $5,057,000 after purchasing an additional 12,969 shares in the last quarter. Coordinated Financial Services Inc. bought a new position in shares of Honeywell International during the fourth quarter valued at $361,000. Schroder Investment Management Group boosted its position in shares of Honeywell International by 12.7% during the fourth quarter. Schroder Investment Management Group now owns 89,297 shares of the conglomerate's stock valued at $20,235,000 after buying an additional 10,092 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Honeywell International in the 4th quarter worth about $435,786,000. Finally, Dynasty Wealth Management LLC raised its position in Honeywell International by 52.1% in the 4th quarter. Dynasty Wealth Management LLC now owns 11,330 shares of the conglomerate's stock worth $2,559,000 after buying an additional 3,879 shares during the last quarter. Hedge funds and other institutional investors own 75.91% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on HON. Wells Fargo & Company raised their price target on shares of Honeywell International from $205.00 to $225.00 and gave the company an "equal weight" rating in a report on Wednesday, April 30th. Citigroup increased their price objective on shares of Honeywell International from $242.00 to $265.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Barclays lifted their target price on shares of Honeywell International from $243.00 to $258.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 18th. Mizuho boosted their target price on shares of Honeywell International from $235.00 to $250.00 and gave the company an "outperform" rating in a research note on Friday, May 16th. Finally, Wall Street Zen upgraded Honeywell International from a "hold" rating to a "buy" rating in a research note on Thursday, May 15th. Eight equities research 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. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $249.21.

Honeywell International Stock Performance

NASDAQ:HON opened at $226.38 on Friday. The stock has a 50-day simple moving average of $218.29 and a two-hundred day simple moving average of $215.80. 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 52-week low of $179.36 and a 52-week high of $242.77. The firm has a market capitalization of $145.49 billion, a PE ratio of 26.02, a P/E/G ratio of 2.59 and a beta of 1.08.

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

Honeywell International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were issued a dividend of $1.13 per share. The ex-dividend date was Friday, May 16th. This represents a $4.52 dividend on an annualized basis and a yield of 2.00%. Honeywell International's dividend payout ratio is presently 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.