Tidal Investments LLC Has $10.25 Million Position in Honeywell International Inc. (NASDAQ:HON)

Tidal Investments LLC lowered its stake in Honeywell International Inc. (NASDAQ:HON - Free Report) by 6.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 45,380 shares of the conglomerate's stock after selling 3,192 shares during the period. Tidal Investments LLC's holdings in Honeywell International were worth $10,251,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Mainstream Capital Management LLC bought a new position in Honeywell International in the fourth quarter valued at approximately $25,000. Avalon Trust Co boosted its position in shares of 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 in the last quarter. Hoese & Co LLP acquired a new position in shares of Honeywell International in the 4th quarter valued at $30,000. Accredited Wealth Management LLC acquired a new position in shares of Honeywell International in the 4th quarter valued at $34,000. Finally, Curio Wealth LLC acquired a new position in shares of Honeywell International in the 4th quarter valued at $35,000. Institutional investors and hedge funds own 75.91% of the company's stock.

Honeywell International Trading Up 0.9%

Shares of NASDAQ:HON opened at $224.94 on Tuesday. The company's 50-day moving average price is $206.48 and its two-hundred day moving average price is $215.94. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.31 and a quick ratio of 1.01. Honeywell International Inc. has a one year low of $179.36 and a one year high of $242.77. The stock has a market capitalization of $144.57 billion, a PE ratio of 25.83, a price-to-earnings-growth ratio of 2.51 and a beta of 1.07.

Honeywell International (NASDAQ:HON - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The conglomerate reported $2.51 EPS for the quarter, topping 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 firm had revenue of $9.82 billion for the quarter, compared to analysts' expectations of $9.59 billion. During the same period in the previous year, the firm posted $2.25 EPS. The company's revenue for the quarter was up 7.9% on a year-over-year basis. On average, equities analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 16th will be given a dividend of $1.13 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $4.52 annualized dividend and a yield of 2.01%. Honeywell International's dividend payout ratio (DPR) is presently 51.95%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Citigroup decreased their price target on shares of Honeywell International from $253.00 to $229.00 and set a "buy" rating for the company in a report on Monday, April 14th. Deutsche Bank Aktiengesellschaft raised shares of Honeywell International from a "hold" rating to a "buy" rating and boosted their price target for the company from $236.00 to $260.00 in a report on Friday, February 7th. Barclays decreased their price target on shares of Honeywell International from $247.00 to $243.00 and set an "overweight" rating for the company in a report on Wednesday, April 30th. JPMorgan Chase & Co. boosted their price target on shares of Honeywell International from $182.00 to $217.00 and gave the company a "neutral" rating in a report on Friday. Finally, Bank of America raised shares of Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price target for the company in a report on Wednesday, May 7th. Eight equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $245.23.

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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