Honeywell International Inc. (NASDAQ:HON) Shares Sold by MainStreet Investment Advisors LLC

MainStreet Investment Advisors LLC reduced its holdings in Honeywell International Inc. (NASDAQ:HON - Free Report) by 4.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 57,534 shares of the conglomerate's stock after selling 2,957 shares during the quarter. Honeywell International comprises 1.8% of MainStreet Investment Advisors LLC's investment portfolio, making the stock its 12th largest position. MainStreet Investment Advisors LLC's holdings in Honeywell International were worth $12,996,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Fiduciary Alliance LLC boosted its stake in shares of Honeywell International by 120.1% in the fourth quarter. Fiduciary Alliance LLC now owns 5,562 shares of the conglomerate's stock worth $1,256,000 after acquiring an additional 3,035 shares during the period. Fragasso Financial Advisors Inc boosted its stake in shares of Honeywell International by 7.0% in the fourth quarter. Fragasso Financial Advisors Inc now owns 2,484 shares of the conglomerate's stock worth $561,000 after acquiring an additional 162 shares during the period. Pallas Capital Advisors LLC boosted its stake in shares of Honeywell International by 4.9% in the fourth quarter. Pallas Capital Advisors LLC now owns 1,878 shares of the conglomerate's stock worth $424,000 after acquiring an additional 87 shares during the period. BCS Wealth Management bought a new position in shares of Honeywell International in the fourth quarter worth about $269,000. Finally, FNY Investment Advisers LLC bought a new position in shares of Honeywell International in the fourth quarter worth about $45,000. 75.91% of the stock is currently owned by institutional investors.

Honeywell International Trading Up 0.7%

HON traded up $1.58 during trading on Monday, hitting $224.46. The company's stock had a trading volume of 996,935 shares, compared to its average volume of 3,759,768. The firm's 50 day moving average price is $206.11 and its 200-day moving average price is $215.83. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.31 and a quick ratio of 1.01. The stock has a market cap of $144.26 billion, a PE ratio of 25.76, a PEG ratio of 2.51 and a beta of 1.07. Honeywell International Inc. has a twelve month low of $179.36 and a twelve month high of $242.77.

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

Honeywell International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Stockholders 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 dividend yield of 2.01%. Honeywell International's payout ratio is 51.95%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. StockNews.com upgraded Honeywell International from a "hold" rating to a "buy" rating in a research report on Thursday. JPMorgan Chase & Co. increased their price target on Honeywell International from $182.00 to $217.00 and gave the stock a "neutral" rating in a report on Friday. Barclays reduced their price target on Honeywell International from $247.00 to $243.00 and set an "overweight" rating on the stock in a report on Wednesday, April 30th. Deutsche Bank Aktiengesellschaft upgraded Honeywell International from a "hold" rating to a "buy" rating and increased their price target for the stock from $236.00 to $260.00 in a report on Friday, February 7th. Finally, Wells Fargo & Company increased their price target on Honeywell International from $205.00 to $225.00 and gave the stock an "equal weight" rating in a report on Wednesday, April 30th. Eight research 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 company's stock. Based on data from MarketBeat.com, Honeywell International presently has a consensus rating of "Moderate Buy" and an average target price 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.