McLean Asset Management Corp Cuts Stake in Honeywell International Inc. (NASDAQ:HON)

McLean Asset Management Corp cut its stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 49.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,754 shares of the conglomerate's stock after selling 1,721 shares during the quarter. McLean Asset Management Corp's holdings in Honeywell International were worth $371,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Mainstream Capital Management LLC purchased a new stake in shares of Honeywell International in the 4th quarter worth about $25,000. Avalon Trust Co boosted its holdings in shares of Honeywell International by 166.7% during the 4th quarter. Avalon Trust Co now owns 120 shares of the conglomerate's stock valued at $27,000 after acquiring an additional 75 shares during the last quarter. Mpwm Advisory Solutions LLC purchased a new stake in shares of Honeywell International during the 4th quarter valued at about $29,000. Accredited Wealth Management LLC purchased a new position in shares of Honeywell International in the fourth quarter worth approximately $34,000. Finally, Curio Wealth LLC purchased a new position in shares of Honeywell International in the fourth quarter worth approximately $35,000. 75.91% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

HON has been the topic of a number of recent analyst reports. Barclays decreased their target price on shares of Honeywell International from $247.00 to $243.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 30th. Bank of America upgraded shares of Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 target price on the stock in a research note on Wednesday, May 7th. JPMorgan Chase & Co. raised their target price on shares of Honeywell International from $182.00 to $217.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. Royal Bank of Canada raised their target price on shares of Honeywell International from $211.00 to $226.00 and gave the stock a "sector perform" rating in a research note on Wednesday, April 30th. Finally, Wells Fargo & Company raised their target price on shares of Honeywell International from $205.00 to $225.00 and gave the stock an "equal weight" rating in a research note on Wednesday, April 30th. Eight investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $248.14.

Honeywell International Price Performance

HON traded up $0.68 during trading hours on Wednesday, hitting $227.45. The company's stock had a trading volume of 1,832,043 shares, compared to its average volume of 3,819,408. The business's 50-day moving average price is $209.49 and its 200-day moving average price is $216.15. Honeywell International Inc. has a 12 month low of $179.36 and a 12 month high of $242.77. The stock has a market cap of $146.18 billion, a price-to-earnings ratio of 26.11, a P/E/G ratio of 2.51 and a beta of 1.07. The company has a current ratio of 1.31, a quick ratio of 1.01 and a debt-to-equity ratio of 1.33.

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

Honeywell International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 16th will be issued a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a yield of 1.99%. The ex-dividend date is Friday, May 16th. Honeywell International's payout ratio is 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.