Nisa Investment Advisors LLC Cuts Position in Honeywell International Inc. (NASDAQ:HON)

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

Other hedge funds have also recently made changes to their positions in the company. Capital World Investors purchased a new position in Honeywell International in the fourth quarter worth $1,594,216,000. GAMMA Investing LLC lifted its stake in Honeywell International by 20,894.0% in the first quarter. GAMMA Investing LLC now owns 1,326,614 shares of the conglomerate's stock worth $2,809,110,000 after purchasing an additional 1,320,295 shares during the last quarter. Cibc World Markets Corp lifted its stake in Honeywell International by 411.8% in the fourth quarter. Cibc World Markets Corp now owns 1,265,358 shares of the conglomerate's stock worth $285,832,000 after purchasing an additional 1,018,099 shares during the last quarter. Demars Financial Group LLC bought a new stake in Honeywell International in the fourth quarter worth $155,407,000. Finally, Boston Partners lifted its stake in Honeywell International by 29.2% in the fourth quarter. Boston Partners now owns 2,994,634 shares of the conglomerate's stock worth $675,986,000 after purchasing an additional 677,213 shares during the last quarter. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

HON has been the subject of several recent research reports. 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 raised shares of Honeywell International from a "hold" rating to a "buy" rating in a research note on Thursday, May 15th. Finally, 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. 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's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $250.79.

Honeywell International Trading Down 0.7%

Shares of NASDAQ HON traded down $1.73 during midday trading on Thursday, hitting $237.00. 843,559 shares of the company traded hands, compared to its average volume of 3,843,611. Honeywell International Inc. has a 12-month low of $179.36 and a 12-month high of $242.77. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.95 and a current ratio of 1.25. The stock has a 50-day moving average price of $224.88 and a 200 day moving average price of $216.31. The firm has a market cap of $152.31 billion, a P/E ratio of 27.26, a P/E/G ratio of 2.73 and a beta of 1.07.

Honeywell International (NASDAQ:HON - Get Free Report) last announced 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 company had revenue of $9.82 billion for the quarter, compared to analysts' expectations of $9.59 billion. During the same quarter in the previous year, the company earned $2.25 earnings per share. Honeywell International's quarterly revenue was up 7.9% on a year-over-year basis. As a group, analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Dividend Announcement

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