Schechter Investment Advisors LLC Sells 3,023 Shares of Honeywell International Inc. (NASDAQ:HON)

Schechter Investment Advisors LLC cut its stake in Honeywell International Inc. (NASDAQ:HON - Free Report) by 27.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,024 shares of the conglomerate's stock after selling 3,023 shares during the quarter. Schechter Investment Advisors LLC's holdings in Honeywell International were worth $1,699,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Avalon Trust Co increased its stake in 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 purchasing an additional 75 shares in the last quarter. Mpwm Advisory Solutions LLC bought a new stake in Honeywell International during the 4th quarter worth approximately $29,000. Accredited Wealth Management LLC acquired a new position in Honeywell International during the 4th quarter worth approximately $34,000. Curio Wealth LLC acquired a new position in Honeywell International during the 4th quarter worth approximately $35,000. Finally, Alexis Investment Partners LLC acquired a new position in Honeywell International during the 4th quarter worth approximately $37,000. 75.91% of the stock is owned by institutional investors.

Honeywell International Trading Down 0.4%

Shares of Honeywell International stock opened at $235.93 on Monday. The business has a fifty day simple moving average of $225.84 and a two-hundred day simple moving average of $216.23. Honeywell International Inc. has a 1 year low of $179.36 and a 1 year high of $242.77. The company has a market capitalization of $151.63 billion, a price-to-earnings ratio of 27.12, a P/E/G ratio of 2.68 and a beta of 1.07. 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 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 return on equity of 36.19% and a net margin of 14.51%. The business had revenue of $9.82 billion during the quarter, compared to the consensus estimate of $9.59 billion. During the same quarter last year, the firm posted $2.25 EPS. The company's quarterly revenue was up 7.9% on a year-over-year basis. Research analysts forecast that Honeywell International Inc. will post 10.34 EPS 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 given a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a yield of 1.92%. The ex-dividend date was Friday, May 16th. Honeywell International's payout ratio is 51.95%.

Wall Street Analysts Forecast Growth

HON has been the subject of a number of recent research reports. Citigroup upped their price target on Honeywell International from $242.00 to $265.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Wells Fargo & Company upped their price target on Honeywell International from $225.00 to $240.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 1st. Mizuho upped their price target on Honeywell International from $235.00 to $250.00 and gave the stock an "outperform" rating in a research report on Friday, May 16th. Wall Street Zen raised Honeywell International from a "hold" rating to a "buy" rating in a research report on Thursday, May 15th. Finally, Bank of America raised 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. Eight research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Honeywell International presently has a consensus rating of "Moderate Buy" and a consensus target price of $250.79.

Honeywell International Company 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.

Want to see what other hedge funds are holding HON? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Honeywell International Inc. (NASDAQ:HON - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.