Phillips Wealth Planners LLC Lowers Holdings in Honeywell International Inc. (NASDAQ:HON)

Phillips Wealth Planners LLC decreased its holdings in Honeywell International Inc. (NASDAQ:HON - Free Report) by 55.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,426 shares of the conglomerate's stock after selling 1,743 shares during the quarter. Phillips Wealth Planners LLC's holdings in Honeywell International were worth $283,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. World Investment Advisors lifted its stake in Honeywell International by 137.7% in the fourth quarter. World Investment Advisors now owns 22,387 shares of the conglomerate's stock worth $5,057,000 after acquiring an additional 12,969 shares during the last quarter. Coordinated Financial Services Inc. purchased a new position in Honeywell International in the fourth quarter worth approximately $361,000. Schroder Investment Management Group lifted its stake in Honeywell International by 12.7% in the fourth quarter. Schroder Investment Management Group now owns 89,297 shares of the conglomerate's stock worth $20,235,000 after acquiring an additional 10,092 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Honeywell International in the fourth quarter worth approximately $435,786,000. Finally, Dynasty Wealth Management LLC lifted its stake in Honeywell International by 52.1% in the fourth quarter. Dynasty Wealth Management LLC now owns 11,330 shares of the conglomerate's stock worth $2,559,000 after acquiring an additional 3,879 shares during the last quarter. Hedge funds and other institutional investors own 75.91% of the company's stock.

Honeywell International Stock Performance

Shares of Honeywell International stock opened at $221.79 on Thursday. The firm's fifty day simple moving average is $217.70 and its 200-day simple moving average is $215.79. The stock has a market capitalization of $142.54 billion, a price-to-earnings ratio of 25.49, a PEG ratio of 2.62 and a beta of 1.08. 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 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 EPS for the quarter, beating analysts' consensus estimates of $2.21 by $0.30. The business had revenue of $9.82 billion for the quarter, compared to analysts' expectations of $9.59 billion. Honeywell International had a net margin of 14.51% and a return on equity of 36.19%. The company's quarterly revenue was up 7.9% on a year-over-year basis. During the same period in the previous year, the company posted $2.25 EPS. As a group, equities analysts forecast 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 paid a $1.13 dividend. The ex-dividend date was Friday, May 16th. This represents a $4.52 annualized dividend and a yield of 2.04%. Honeywell International's dividend payout ratio is currently 51.95%.

Analyst Ratings Changes

A number of research analysts recently issued reports on HON shares. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $226.00 price target on shares of Honeywell International in a research note on Wednesday. Mizuho raised their price objective on shares of Honeywell International from $235.00 to $250.00 and gave the stock an "outperform" rating in a report on Friday, May 16th. Bank of America raised shares of Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price objective on the stock in a report on Wednesday, May 7th. JPMorgan Chase & Co. raised their price objective on shares of Honeywell International from $182.00 to $217.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Finally, Wall Street Zen raised shares of Honeywell International from a "hold" rating to a "buy" rating in a report on Thursday, May 15th. Eight equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $249.21.

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.

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