Smith Salley Wealth Management Sells 2,208 Shares of Honeywell International Inc. (NASDAQ:HON)

Smith Salley Wealth Management decreased its stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 14.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,439 shares of the conglomerate's stock after selling 2,208 shares during the period. Smith Salley Wealth Management's holdings in Honeywell International were worth $2,846,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Koshinski Asset Management Inc. lifted its holdings in Honeywell International by 1.7% during the 1st quarter. Koshinski Asset Management Inc. now owns 5,798 shares of the conglomerate's stock worth $1,228,000 after buying an additional 98 shares in the last quarter. Red Door Wealth Management LLC raised its position in shares of Honeywell International by 2.6% during the first quarter. Red Door Wealth Management LLC now owns 29,090 shares of the conglomerate's stock worth $6,160,000 after acquiring an additional 736 shares during the last quarter. Spinnaker Trust lifted its stake in shares of Honeywell International by 2.4% during the first quarter. Spinnaker Trust now owns 11,598 shares of the conglomerate's stock valued at $2,456,000 after acquiring an additional 276 shares during the period. MorganRosel Wealth Management LLC bought a new position in Honeywell International in the first quarter valued at about $60,000. Finally, Argent Advisors Inc. increased its position in Honeywell International by 6.5% in the first quarter. Argent Advisors Inc. now owns 5,193 shares of the conglomerate's stock worth $1,100,000 after purchasing an additional 316 shares during the period. Institutional investors own 75.91% of the company's stock.

Honeywell International Stock Up 1.8%

Shares of HON stock opened at $232.88 on Tuesday. Honeywell International Inc. has a 12-month low of $179.36 and a 12-month high of $242.77. 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 fifty day moving average of $219.71 and a 200-day moving average of $215.66. The company has a market capitalization of $149.67 billion, a price-to-earnings ratio of 26.77, a P/E/G ratio of 2.67 and a beta of 1.08.

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

Honeywell International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 16th were given a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date was Friday, May 16th. Honeywell International's dividend payout ratio is presently 51.95%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. 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. Citigroup increased their price objective on shares of Honeywell International from $242.00 to $265.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Barclays lifted their target price on shares of Honeywell International from $243.00 to $258.00 and gave the stock an "overweight" rating in a report on Wednesday, June 18th. Royal Bank Of Canada reissued a "sector perform" rating and issued a $226.00 price target on shares of Honeywell International in a research note on Wednesday, June 25th. Finally, Bank of America raised Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price objective for the company in a research note on Wednesday, May 7th. Eight investment 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 company. According to MarketBeat.com, Honeywell International presently has a consensus rating of "Moderate Buy" and a consensus price target of $249.21.

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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