Raymond James Financial Services Advisors Inc. Has $68.42 Million Holdings in Honeywell International Inc. (NASDAQ:HON)

Raymond James Financial Services Advisors Inc. lessened its holdings in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 2.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 333,344 shares of the conglomerate's stock after selling 9,050 shares during the quarter. Raymond James Financial Services Advisors Inc. owned 0.05% of Honeywell International worth $68,419,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Altshuler Shaham Ltd acquired a new stake in shares of Honeywell International in the 4th quarter valued at about $27,000. Scarborough Advisors LLC acquired a new stake in shares of Honeywell International in the 4th quarter valued at about $27,000. Cordant Inc. acquired a new stake in shares of Honeywell International in the fourth quarter valued at about $31,000. Rakuten Securities Inc. acquired a new stake in shares of Honeywell International in the fourth quarter valued at about $31,000. Finally, Richardson Capital Management LLC acquired a new stake in shares of Honeywell International in the first quarter valued at about $35,000. Institutional investors and hedge funds own 75.91% of the company's stock.

Honeywell International Stock Performance

Honeywell International stock traded up $2.57 during midday trading on Wednesday, reaching $195.30. 5,084,572 shares of the company's stock were exchanged, compared to its average volume of 3,038,313. Honeywell International Inc. has a 52 week low of $174.88 and a 52 week high of $210.87. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.28 and a current ratio of 1.66. The firm has a market cap of $127.18 billion, a price-to-earnings ratio of 22.63, a P/E/G ratio of 2.23 and a beta of 1.02. The stock's 50-day simple moving average is $197.90 and its 200 day simple moving average is $196.53.

Honeywell International (NASDAQ:HON - Get Free Report) last issued its quarterly earnings data on Thursday, April 25th. The conglomerate reported $2.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.17 by $0.08. Honeywell International had a return on equity of 35.88% and a net margin of 15.52%. The company had revenue of $9.11 billion during the quarter, compared to analysts' expectations of $9.03 billion. During the same quarter in the previous year, the company posted $2.07 earnings per share. The business's revenue was up 2.7% on a year-over-year basis. On average, analysts expect that Honeywell International Inc. will post 9.95 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 17th will be issued a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date of this dividend is Thursday, May 16th. Honeywell International's dividend payout ratio is presently 50.06%.

Insider Transactions at Honeywell International

In other news, CFO Gregory P. Lewis sold 25,209 shares of the business's stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $193.06, for a total transaction of $4,866,849.54. Following the completion of the sale, the chief financial officer now owns 55,471 shares in the company, valued at $10,709,231.26. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, Director Darius Adamczyk sold 25,500 shares of Honeywell International stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $197.19, for a total value of $5,028,345.00. Following the completion of the sale, the director now directly owns 183,400 shares in the company, valued at $36,164,646. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Gregory P. Lewis sold 25,209 shares of Honeywell International stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $193.06, for a total transaction of $4,866,849.54. Following the completion of the sale, the chief financial officer now owns 55,471 shares of the company's stock, valued at $10,709,231.26. The disclosure for this sale can be found here. Corporate insiders own 0.41% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on HON shares. Barclays lifted their target price on Honeywell International from $230.00 to $232.00 and gave the company an "overweight" rating in a research report on Tuesday, April 2nd. Berenberg Bank raised Honeywell International from a "hold" rating to a "buy" rating and lifted their target price for the company from $195.00 to $240.00 in a research report on Wednesday, March 6th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $215.00 target price (down previously from $227.00) on shares of Honeywell International in a research report on Tuesday, April 16th. StockNews.com downgraded Honeywell International from a "buy" rating to a "hold" rating in a research report on Friday, April 26th. Finally, Royal Bank of Canada reduced their price target on Honeywell International from $210.00 to $209.00 and set a "sector perform" rating for the company in a report on Friday, February 2nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $215.71.

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.

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