RKL Wealth Management LLC Trims Stock Position in Honeywell International Inc. (NASDAQ:HON)

RKL Wealth Management LLC trimmed its holdings in Honeywell International Inc. (NASDAQ:HON - Free Report) by 61.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,783 shares of the conglomerate's stock after selling 4,434 shares during the period. RKL Wealth Management LLC's holdings in Honeywell International were worth $589,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in HON. Mainstream Capital Management LLC purchased a new stake in Honeywell International in the 4th quarter worth $25,000. Avalon Trust Co increased its holdings in shares of Honeywell International by 166.7% in the fourth quarter. Avalon Trust Co now owns 120 shares of the conglomerate's stock worth $27,000 after purchasing an additional 75 shares during the last quarter. Mpwm Advisory Solutions LLC purchased a new stake in shares of Honeywell International in the fourth quarter worth about $29,000. Accredited Wealth Management LLC bought a new position in Honeywell International during the fourth quarter valued at approximately $34,000. Finally, Curio Wealth LLC purchased a new position in Honeywell International during the 4th quarter valued at approximately $35,000. Institutional investors own 75.91% of the company's stock.

Honeywell International Trading Up 0.2%

Shares of NASDAQ HON traded up $0.49 during mid-day trading on Wednesday, reaching $239.26. The company had a trading volume of 4,102,571 shares, compared to its average volume of 3,839,769. Honeywell International Inc. has a 52 week low of $179.36 and a 52 week high of $242.77. The business's 50-day moving average is $220.52 and its 200-day moving average is $215.82. The stock has a market cap of $153.77 billion, a price-to-earnings ratio of 27.50, a price-to-earnings-growth ratio of 2.73 and a beta of 1.07. The company has a current ratio of 1.25, a quick ratio of 0.95 and a debt-to-equity ratio of 1.43.

Honeywell International (NASDAQ:HON - Get Free Report) last issued its earnings results on Tuesday, April 29th. The conglomerate reported $2.51 EPS for the quarter, topping analysts' consensus estimates of $2.21 by $0.30. The business had revenue of $9.82 billion for the quarter, compared to the consensus estimate of $9.59 billion. Honeywell International had a net margin of 14.51% and a return on equity of 36.19%. The company's revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.25 EPS. Equities analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 16th were paid a $1.13 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $4.52 dividend on an annualized basis and a yield of 1.89%. Honeywell International's dividend payout ratio (DPR) is 51.95%.

Analyst Ratings Changes

HON has been the subject of a number of recent research reports. Wells Fargo & Company raised their target price on shares of Honeywell International from $225.00 to $240.00 and gave the company an "equal weight" rating in a report on Tuesday. Citigroup lifted their price objective on shares of Honeywell International from $242.00 to $265.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Mizuho upped their target price on shares of Honeywell International from $235.00 to $250.00 and gave the company an "outperform" rating in a research report on Friday, May 16th. Bank of America upgraded Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price target for the company in a research report on Wednesday, May 7th. Finally, Barclays upped their price objective on Honeywell International from $243.00 to $258.00 and gave the company an "overweight" rating in a research report on Wednesday, June 18th. Eight equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $250.29.

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.