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

Nisa Investment Advisors LLC lessened its holdings in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 25.5% during the 1st quarter, according to its most recent disclosure with the SEC. 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 reporting period.

Several other institutional investors have also recently bought and sold shares of the stock. Topsail Wealth Management LLC increased its stake in shares of Honeywell International by 4.9% in the 1st quarter. Topsail Wealth Management LLC now owns 1,509 shares of the conglomerate's stock valued at $320,000 after buying an additional 70 shares during the period. Banque Pictet & Cie SA raised its stake in shares of Honeywell International by 7.1% during the first quarter. Banque Pictet & Cie SA now owns 142,968 shares of the conglomerate's stock worth $30,273,000 after buying an additional 9,508 shares during the last quarter. Slagle Financial LLC raised its stake in shares of Honeywell International by 1.1% during the first quarter. Slagle Financial LLC now owns 19,662 shares of the conglomerate's stock worth $4,163,000 after buying an additional 219 shares during the last quarter. Cornerstone Planning Group LLC raised its stake in shares of Honeywell International by 240.3% during the first quarter. Cornerstone Planning Group LLC now owns 405 shares of the conglomerate's stock worth $80,000 after buying an additional 286 shares during the last quarter. Finally, Brick & Kyle Associates raised its stake in shares of Honeywell International by 1.4% during the first quarter. Brick & Kyle Associates now owns 26,440 shares of the conglomerate's stock worth $5,569,000 after buying an additional 365 shares during the last quarter. Institutional investors own 75.91% of the company's stock.

Honeywell International Stock Down 0.4%

Shares of NASDAQ HON traded down $0.84 during midday trading on Friday, reaching $235.93. The company's stock had a trading volume of 2,417,149 shares, compared to its average volume of 3,851,537. The stock has a 50 day simple moving average of $225.41 and a 200-day simple moving average of $216.38. The company has a current ratio of 1.25, a quick ratio of 0.95 and a debt-to-equity ratio of 1.43. The stock has a market capitalization of $151.63 billion, a price-to-earnings ratio of 27.12, a PEG ratio of 2.72 and a beta of 1.07. Honeywell International Inc. has a fifty-two week low of $179.36 and a fifty-two week high of $242.77.

Honeywell International (NASDAQ:HON - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $9.82 billion for the quarter, compared to analyst estimates of $9.59 billion. During the same period 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. Equities research analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 16th were paid a dividend of $1.13 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 1.92%. Honeywell International's dividend payout ratio is 51.95%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on HON shares. Barclays boosted their price target on shares of Honeywell International from $258.00 to $265.00 and gave the stock an "overweight" rating in a research note on Wednesday. JPMorgan Chase & Co. boosted their price target 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. Mizuho boosted their price target on shares of Honeywell International from $235.00 to $250.00 and gave the stock an "outperform" rating in a research note on Friday, May 16th. Wall Street Zen upgraded shares of Honeywell International from a "hold" rating to a "buy" rating in a report on Thursday, May 15th. Finally, Royal Bank Of Canada restated a "sector perform" rating and set a $226.00 price objective on shares of Honeywell International in a report on Wednesday, June 25th. Eight investment 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 company. According to MarketBeat.com, Honeywell International currently has a consensus 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.