Affiance Financial LLC Lowers Position in Honeywell International Inc. (NASDAQ:HON)

Affiance Financial LLC decreased its position in Honeywell International Inc. (NASDAQ:HON) by 6.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,965 shares of the conglomerate’s stock after selling 202 shares during the period. Affiance Financial LLC’s holdings in Honeywell International were worth $628,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Mainstream Capital Management LLC acquired a new stake in shares of Honeywell International in the fourth quarter valued at about $25,000. Avalon Trust Co lifted 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 valued at $27,000 after purchasing an additional 75 shares during the period. Mpwm Advisory Solutions LLC acquired a new stake in shares of Honeywell International in the fourth quarter valued at about $29,000. Accredited Wealth Management LLC acquired a new stake in shares of Honeywell International in the fourth quarter valued at about $34,000. Finally, Curio Wealth LLC acquired a new stake in shares of Honeywell International in the fourth quarter valued at about $35,000. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on HON shares. Morgan Stanley raised their price objective on shares of Honeywell International from $210.00 to $217.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 11th. Wall Street Zen upgraded shares of Honeywell International from a “hold” rating to a “buy” rating in a research note on Thursday, May 15th. Mizuho raised their price objective on shares of Honeywell International from $235.00 to $250.00 and gave the company an “outperform” rating in a research note on Friday, May 16th. Bank of America upgraded shares of Honeywell International from a “neutral” rating to a “buy” rating and set a $250.00 target price for the company in a research report on Wednesday, May 7th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and lifted their target price for the stock from $236.00 to $260.00 in a research report on Friday, February 7th. Eight equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $245.57.

Honeywell International Stock Performance

NASDAQ:HON opened at $225.52 on Tuesday. The firm has a 50 day simple moving average of $209.24 and a 200-day simple moving average of $216.08. 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 firm has a market cap of $144.94 billion, a PE ratio of 25.89, a P/E/G ratio of 2.51 and a beta of 1.07. Honeywell International Inc. has a 1-year low of $179.36 and a 1-year high of $242.77.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings data on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share for the quarter, beating analysts’ consensus estimates of $2.21 by $0.30. The business had revenue of $9.82 billion during the quarter, compared to analyst estimates of $9.59 billion. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. The company’s revenue was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.25 earnings per share. On average, equities analysts expect that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 16th will be issued a $1.13 dividend. The ex-dividend date is Friday, May 16th. This represents a $4.52 dividend on an annualized basis and a yield of 2.00%. Honeywell International’s payout ratio is 51.95%.

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.