Signaturefd LLC Decreases Stake in Honeywell International Inc. (NASDAQ:HON)

Signaturefd LLC trimmed its holdings in Honeywell International Inc. (NASDAQ:HON - Free Report) by 11.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,831 shares of the conglomerate's stock after selling 1,720 shares during the period. Signaturefd LLC's holdings in Honeywell International were worth $2,717,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Gateway Wealth Partners LLC boosted its stake in shares of Honeywell International by 2.5% during the first quarter. Gateway Wealth Partners LLC now owns 2,044 shares of the conglomerate's stock valued at $433,000 after purchasing an additional 49 shares during the period. Zions Bancorporation N.A. boosted its stake in shares of Honeywell International by 7.4% during the fourth quarter. Zions Bancorporation N.A. now owns 726 shares of the conglomerate's stock valued at $164,000 after purchasing an additional 50 shares during the period. Cetera Trust Company N.A boosted its stake in shares of Honeywell International by 0.5% during the first quarter. Cetera Trust Company N.A now owns 10,475 shares of the conglomerate's stock valued at $2,218,000 after purchasing an additional 50 shares during the period. Kennedy Investment Group boosted its stake in shares of Honeywell International by 1.7% during the first quarter. Kennedy Investment Group now owns 3,019 shares of the conglomerate's stock valued at $639,000 after purchasing an additional 51 shares during the period. Finally, Palumbo Wealth Management LLC boosted its stake in shares of Honeywell International by 1.8% during the first quarter. Palumbo Wealth Management LLC now owns 3,053 shares of the conglomerate's stock valued at $646,000 after purchasing an additional 54 shares during the period. 75.91% of the stock is owned by institutional investors.

Honeywell International Trading Down 0.3%

NASDAQ HON traded down $0.65 during trading on Wednesday, hitting $234.65. The stock had a trading volume of 749,860 shares, compared to its average volume of 4,101,745. The company has a market capitalization of $150.80 billion, a PE ratio of 26.98, a PEG ratio of 2.71 and a beta of 1.07. The company has a quick ratio of 0.95, a current ratio of 1.25 and a debt-to-equity ratio of 1.43. The firm has a 50 day moving average price of $226.82 and a 200 day moving average price of $216.42. Honeywell International Inc. has a twelve month low of $179.36 and a twelve month high of $242.77.

Honeywell International (NASDAQ:HON - Get Free Report) last released its earnings results on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share for the quarter, beating the consensus estimate of $2.21 by $0.30. The company 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 36.19% and a net margin of 14.51%. Honeywell International's revenue was up 7.9% compared to the same quarter last year. During the same period in the previous year, the company posted $2.25 EPS. As a group, equities research analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 16th were paid a $1.13 dividend. This represents a $4.52 annualized dividend and a dividend yield of 1.93%. The ex-dividend date was Friday, May 16th. Honeywell International's payout ratio is presently 51.95%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on HON shares. Royal Bank Of Canada reissued a "sector perform" rating and set a $226.00 target price on shares of Honeywell International in a research note on Wednesday, June 25th. Bank of America upgraded Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price objective for the company in a report on Wednesday, May 7th. Mizuho lifted their price objective on Honeywell International from $235.00 to $250.00 and gave the company an "outperform" rating in a report on Friday, May 16th. Citigroup lifted their price objective on Honeywell International from $242.00 to $265.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Finally, Wall Street Zen upgraded 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 issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average 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.