Honeywell International Inc. (NASDAQ:HON) Shares Sold by Moloney Securities Asset Management LLC

Moloney Securities Asset Management LLC reduced its stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 21.3% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,306 shares of the conglomerate's stock after selling 2,790 shares during the period. Moloney Securities Asset Management LLC's holdings in Honeywell International were worth $2,182,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in HON. Avalon Trust Co lifted its holdings in Honeywell International by 166.7% in the 4th quarter. Avalon Trust Co now owns 120 shares of the conglomerate's stock worth $27,000 after purchasing an additional 75 shares in the last quarter. Mpwm Advisory Solutions LLC purchased a new position in shares of Honeywell International during the fourth quarter valued at about $29,000. Accredited Wealth Management LLC purchased a new stake in shares of Honeywell International in the fourth quarter worth about $34,000. Curio Wealth LLC bought a new position in Honeywell International during the fourth quarter valued at approximately $35,000. Finally, Alexis Investment Partners LLC bought a new stake in Honeywell International in the 4th quarter worth approximately $37,000. Hedge funds and other institutional investors own 75.91% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on HON. Bank of America upgraded shares of 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. Citigroup increased their price target on shares of Honeywell International from $242.00 to $265.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Barclays upped their price objective on Honeywell International from $258.00 to $265.00 and gave the company an "overweight" rating in a research report on Wednesday. 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. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Honeywell International from $182.00 to $217.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. 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. According to data from MarketBeat, Honeywell International currently has a consensus rating of "Moderate Buy" and an average price target of $250.79.

Honeywell International Price Performance

Shares of Honeywell International stock traded down $0.84 during mid-day trading on Friday, reaching $235.93. 2,417,149 shares of the stock traded hands, compared to its average volume of 3,856,139. Honeywell International Inc. has a fifty-two week low of $179.36 and a fifty-two week high of $242.77. The stock has a market capitalization of $151.63 billion, a PE ratio of 27.12, a PEG ratio of 2.69 and a beta of 1.07. The business has a 50-day moving average of $225.84 and a 200 day moving average of $216.42. The company has a quick ratio of 0.95, a current ratio of 1.25 and a debt-to-equity ratio of 1.43.

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

Honeywell International Announces Dividend

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. This represents a $4.52 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date of this dividend was Friday, May 16th. 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.