Nisa Investment Advisors LLC Sells 144,568 Shares of Honeywell International Inc. (NASDAQ:HON)

Nisa Investment Advisors LLC trimmed its holdings in Honeywell International Inc. (NASDAQ:HON - Free Report) by 25.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 421,308 shares of the conglomerate's stock after selling 144,568 shares during the period. Nisa Investment Advisors LLC owned 0.07% of Honeywell International worth $89,212,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the company. Avalon Trust Co increased its stake in shares of Honeywell International by 166.7% in the 4th quarter. Avalon Trust Co now owns 120 shares of the conglomerate's stock valued at $27,000 after purchasing an additional 75 shares during the last quarter. Mpwm Advisory Solutions LLC acquired a new stake in shares of Honeywell International during the 4th quarter valued at $29,000. Accredited Wealth Management LLC acquired a new stake in shares of Honeywell International during the 4th quarter valued at $34,000. Curio Wealth LLC acquired a new position in Honeywell International during the 4th quarter worth about $35,000. Finally, Alexis Investment Partners LLC acquired a new position in Honeywell International during the 4th quarter worth about $37,000. Institutional investors own 75.91% of the company's stock.

Honeywell International Stock Performance

Shares of NASDAQ HON traded down $1.95 during midday trading on Thursday, reaching $236.77. The company's stock had a trading volume of 2,264,044 shares, compared to its average volume of 3,857,275. Honeywell International Inc. has a 12-month low of $179.36 and a 12-month high of $242.77. The firm has a 50 day moving average price of $225.41 and a 200-day moving average price of $216.38. The stock has a market capitalization of $152.17 billion, a P/E ratio of 27.21, a PEG ratio of 2.72 and a beta of 1.07. 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, topping analysts' consensus estimates of $2.21 by $0.30. Honeywell International had a return on equity of 36.19% and a net margin of 14.51%. The firm had revenue of $9.82 billion for the quarter, compared to the consensus estimate of $9.59 billion. During the same quarter in the previous year, the business earned $2.25 EPS. The company's revenue was up 7.9% compared to the same quarter last year. As a group, equities analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Dividend Announcement

The company also recently disclosed 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 annualized dividend and a yield of 1.91%. The ex-dividend date was Friday, May 16th. Honeywell International's dividend payout ratio (DPR) is 51.95%.

Analyst Upgrades and Downgrades

Several brokerages have commented on HON. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $226.00 target price on shares of Honeywell International in a report on Wednesday, June 25th. Wells Fargo & Company lifted their price objective on Honeywell International from $225.00 to $240.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 1st. Mizuho lifted their price objective on Honeywell International from $235.00 to $250.00 and gave the stock an "outperform" rating in a research report on Friday, May 16th. Wall Street Zen raised Honeywell International from a "hold" rating to a "buy" rating in a research report on Thursday, May 15th. Finally, Bank of America raised Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price objective for the company in a research report on Wednesday, May 7th. Eight equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Honeywell International presently has an average rating of "Moderate Buy" and a consensus price target of $250.79.

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.