MainStreet Investment Advisors LLC Decreases Stake in Honeywell International Inc. (NASDAQ:HON)

MainStreet Investment Advisors LLC decreased its position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 4.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 57,534 shares of the conglomerate's stock after selling 2,957 shares during the period. Honeywell International accounts for 1.8% of MainStreet Investment Advisors LLC's holdings, making the stock its 12th biggest position. MainStreet Investment Advisors LLC's holdings in Honeywell International were worth $12,996,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of HON. Nissay Asset Management Corp Japan ADV raised its position in shares of Honeywell International by 5.3% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 146,327 shares of the conglomerate's stock valued at $33,584,000 after purchasing an additional 7,333 shares during the last quarter. Nearwater Capital Markets Ltd acquired a new position in Honeywell International during the 4th quarter valued at approximately $39,043,000. NorthRock Partners LLC raised its holdings in shares of Honeywell International by 133.8% in the fourth quarter. NorthRock Partners LLC now owns 9,797 shares of the conglomerate's stock worth $2,213,000 after buying an additional 5,606 shares during the last quarter. OMERS ADMINISTRATION Corp acquired a new stake in shares of Honeywell International during the fourth quarter worth $1,054,000. Finally, OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of Honeywell International during the fourth quarter valued at $7,567,000. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Price Performance

Shares of Honeywell International stock traded up $0.59 during trading hours on Friday, reaching $222.88. The stock had a trading volume of 2,895,038 shares, compared to its average volume of 3,764,659. The stock's 50 day moving average is $206.11 and its 200 day moving average is $215.68. The company has a current ratio of 1.31, a quick ratio of 1.01 and a debt-to-equity ratio of 1.33. Honeywell International Inc. has a twelve month low of $179.36 and a twelve month high of $242.77. The firm has a market capitalization of $143.24 billion, a PE ratio of 25.59, a PEG ratio of 2.51 and a beta of 1.07.

Honeywell International (NASDAQ:HON - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share for the quarter, topping analysts' consensus estimates of $2.21 by $0.30. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. The company had revenue of $9.82 billion during the quarter, compared to analysts' expectations of $9.59 billion. During the same quarter in the prior year, the firm posted $2.25 EPS. Honeywell International's quarterly revenue was up 7.9% compared to the same quarter last year. Equities analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 16th will be given a $1.13 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $4.52 annualized dividend and a dividend yield of 2.03%. Honeywell International's dividend payout ratio (DPR) is 51.95%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on HON. Bank of America upgraded Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 target price for the company in a research note on Wednesday, May 7th. StockNews.com upgraded Honeywell International from a "hold" rating to a "buy" rating in a research note on Thursday. Barclays dropped their target price on Honeywell International from $247.00 to $243.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 30th. Morgan Stanley raised their price target on shares of Honeywell International from $210.00 to $217.00 and gave the stock an "equal weight" rating in a research report on Tuesday, February 11th. Finally, Citigroup dropped their price objective on shares of Honeywell International from $253.00 to $229.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Eight analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $245.23.

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.