Stanley Laman Group Ltd. Has $4.20 Million Position in Honeywell International Inc. (NASDAQ:HON)

Stanley Laman Group Ltd. trimmed its holdings in Honeywell International Inc. (NASDAQ:HON - Free Report) by 12.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,818 shares of the conglomerate's stock after selling 2,865 shares during the quarter. Stanley Laman Group Ltd.'s holdings in Honeywell International were worth $4,196,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HON. Mainstream Capital Management LLC purchased a new position in Honeywell International in the 4th quarter valued at approximately $25,000. Avalon Trust Co lifted its stake in Honeywell International by 166.7% during 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 acquired a new position in shares of Honeywell International in the 4th quarter valued at $29,000. Accredited Wealth Management LLC purchased a new position in shares of Honeywell International during the fourth quarter worth about $34,000. Finally, Curio Wealth LLC purchased a new stake in shares of Honeywell International in the 4th quarter valued at about $35,000. Institutional investors and hedge funds own 75.91% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on HON. Mizuho increased their price objective on Honeywell International from $235.00 to $250.00 and gave the stock an "outperform" rating in a research report on Friday, May 16th. Citigroup increased their price target 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. Bank of America upgraded Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 target price on the stock in a research report on Wednesday, May 7th. JPMorgan Chase & Co. lifted their price target on Honeywell International from $182.00 to $217.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. Finally, Royal Bank of Canada increased 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. 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, the company has a consensus rating of "Moderate Buy" and a consensus target price of $248.14.

Honeywell International Stock Down 0.8%

Shares of NASDAQ:HON traded down $1.76 during midday trading on Friday, hitting $224.29. 2,497,010 shares of the company's stock traded hands, compared to its average volume of 3,818,611. Honeywell International Inc. has a twelve month low of $179.36 and a twelve month high of $242.77. The firm's fifty day moving average price is $212.52 and its two-hundred day moving average price is $216.17. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.01 and a current ratio of 1.31. The company has a market cap of $144.15 billion, a PE ratio of 25.75, a P/E/G ratio of 2.51 and a beta of 1.08.

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

Honeywell International Announces Dividend

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 $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 2.02%. Honeywell International's dividend payout ratio (DPR) is 51.95%.

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.