Moloney Securities Asset Management LLC Sells 2,790 Shares of Honeywell International Inc. (NASDAQ:HON)

Moloney Securities Asset Management LLC trimmed its holdings in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 21.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm 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 institutional investors have also added to or reduced their stakes in HON. Avalon Trust Co boosted its position in Honeywell International by 166.7% during the fourth quarter. Avalon Trust Co now owns 120 shares of the conglomerate's stock valued at $27,000 after buying an additional 75 shares during the period. Mpwm Advisory Solutions LLC purchased a new stake in Honeywell International during the fourth quarter valued at about $29,000. Accredited Wealth Management LLC purchased a new stake in Honeywell International during the fourth quarter valued at about $34,000. Curio Wealth LLC purchased a new stake in Honeywell International during the fourth quarter valued at about $35,000. Finally, Alexis Investment Partners LLC bought a new position in shares of Honeywell International during the fourth quarter valued at about $37,000. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on HON shares. Bank of America raised shares of Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price objective for the company in a research note on Wednesday, May 7th. Citigroup upped their price objective on shares of Honeywell International from $242.00 to $265.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. JPMorgan Chase & Co. upped their price objective on shares of Honeywell International from $182.00 to $217.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Mizuho upped their price objective 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, Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $226.00 price objective on shares of Honeywell International in a research note on Wednesday, June 25th. 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 MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $250.79.

Honeywell International Trading Down 0.8%

HON stock traded down $1.95 during trading on Thursday, reaching $236.77. The company had a trading volume of 2,264,044 shares, compared to its average volume of 3,857,275. Honeywell International Inc. has a 52 week low of $179.36 and a 52 week high of $242.77. The company has a market cap of $152.17 billion, a P/E ratio of 27.21, a PEG ratio of 2.72 and a beta of 1.07. The business has a 50 day moving average of $225.41 and a 200 day moving average of $216.38. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.25 and a quick ratio of 0.95.

Honeywell International (NASDAQ:HON - Get Free Report) last announced its earnings results on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share 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 business had revenue of $9.82 billion during the quarter, compared to the consensus estimate of $9.59 billion. During the same quarter last year, the firm earned $2.25 earnings per share. The business's revenue for the quarter was up 7.9% on a year-over-year basis. As a group, sell-side analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were paid a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date of this dividend was Friday, May 16th. Honeywell International's dividend payout ratio 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.