Procyon Advisors LLC Has $1.63 Million Position in Honeywell International Inc. (NASDAQ:HON)

Procyon Advisors LLC cut its stake in Honeywell International Inc. (NASDAQ:HON - Free Report) by 44.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,713 shares of the conglomerate's stock after selling 6,086 shares during the period. Procyon Advisors LLC's holdings in Honeywell International were worth $1,633,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of HON. Mainstream Capital Management LLC acquired a new stake in Honeywell International during the fourth quarter worth about $25,000. Avalon Trust Co lifted its holdings in shares of Honeywell International by 166.7% during the 4th quarter. Avalon Trust Co now owns 120 shares of the conglomerate's stock worth $27,000 after acquiring an additional 75 shares during the period. Mpwm Advisory Solutions LLC acquired a new stake in shares of Honeywell International during the 4th quarter worth approximately $29,000. Accredited Wealth Management LLC bought a new position in Honeywell International in the fourth quarter valued at approximately $34,000. Finally, Curio Wealth LLC acquired a new position in Honeywell International during the fourth quarter valued at approximately $35,000. 75.91% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on HON shares. Royal Bank of Canada raised their target price on Honeywell International from $211.00 to $226.00 and gave the company a "sector perform" rating in a report on Wednesday, April 30th. Deutsche Bank Aktiengesellschaft upgraded Honeywell International from a "hold" rating to a "buy" rating and upped their price objective for the stock from $236.00 to $260.00 in a research report on Friday, February 7th. Barclays lowered their target price on Honeywell International from $247.00 to $243.00 and set an "overweight" rating for the company in a research note on Wednesday, April 30th. Wells Fargo & Company increased their target price on shares of Honeywell International from $205.00 to $225.00 and gave the stock an "equal weight" rating in a report on Wednesday, April 30th. 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 research 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 stock. Based on data from MarketBeat, Honeywell International has an average rating of "Moderate Buy" and a consensus price target of $248.14.

Honeywell International Trading Up 0.9%

Shares of NASDAQ HON opened at $228.78 on Friday. The firm has a 50 day moving average price of $210.44 and a two-hundred day moving average price of $216.22. The stock has a market cap of $147.03 billion, a P/E ratio of 26.27, a price-to-earnings-growth ratio of 2.51 and a beta of 1.08. Honeywell International Inc. has a 52-week low of $179.36 and a 52-week high of $242.77. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.01 and a current ratio of 1.31.

Honeywell International (NASDAQ:HON - Get Free Report) last posted its quarterly earnings data 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. The business had revenue of $9.82 billion during the quarter, compared to the consensus estimate of $9.59 billion. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. Honeywell International's quarterly revenue was up 7.9% on a year-over-year basis. During the same period in the prior year, the business posted $2.25 earnings per share. As a group, equities analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were given a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date was Friday, May 16th. Honeywell International's dividend payout ratio is presently 51.95%.

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.

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