Synergy Asset Management LLC Has $7.52 Million Stock Position in Honeywell International Inc. (NASDAQ:HON)

Synergy Asset Management LLC trimmed its holdings in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 52.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 35,489 shares of the conglomerate's stock after selling 38,995 shares during the period. Honeywell International makes up about 0.9% of Synergy Asset Management LLC's holdings, making the stock its 26th biggest position. Synergy Asset Management LLC's holdings in Honeywell International were worth $7,515,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Mainstream Capital Management LLC acquired a new position in shares of Honeywell International in the fourth quarter worth $25,000. Avalon Trust Co increased its stake 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 acquiring an additional 75 shares during the last quarter. Mpwm Advisory Solutions LLC acquired a new position in Honeywell International in the 4th quarter worth about $29,000. Accredited Wealth Management LLC acquired a new position in Honeywell International in the 4th quarter worth about $34,000. Finally, Curio Wealth LLC acquired a new position in Honeywell International in the 4th quarter worth about $35,000. Institutional investors and hedge funds own 75.91% of the company's stock.

Honeywell International Trading Down 0.0%

Shares of NASDAQ:HON opened at $221.80 on Friday. The company has a market cap of $142.55 billion, a P/E ratio of 25.49, a P/E/G ratio of 2.59 and a beta of 1.08. The stock's 50-day moving average is $216.12 and its 200-day moving average is $215.77. Honeywell International Inc. has a 52-week low of $179.36 and a 52-week high of $242.77. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.95 and a current ratio of 1.25.

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, beating analysts' consensus estimates of $2.21 by $0.30. The firm had revenue of $9.82 billion for the quarter, compared to analyst estimates 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 last year, the firm posted $2.25 EPS. Equities research analysts predict 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. The ex-dividend date was Friday, May 16th. This represents a $4.52 annualized dividend and a dividend yield of 2.04%. Honeywell International's payout ratio is 51.95%.

Analysts Set New Price Targets

A number of research firms recently commented 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 report on Friday, May 16th. Wall Street Zen upgraded Honeywell International from a "hold" rating to a "buy" rating in a report on Thursday, May 15th. Wells Fargo & Company increased their price target on shares of Honeywell International from $205.00 to $225.00 and gave the stock an "equal weight" rating in a research note on Wednesday, April 30th. Citigroup increased their price target 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. Finally, Barclays increased their price target on shares of Honeywell International from $243.00 to $258.00 and gave the stock an "overweight" rating in a research note on Wednesday. Eight research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $249.21.

About Honeywell International

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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