Stablepoint Partners LLC Cuts Stake in Honeywell International Inc. (NASDAQ:HON)

Stablepoint Partners LLC cut its stake in Honeywell International Inc. (NASDAQ:HON) by 5.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,703 shares of the conglomerate’s stock after selling 100 shares during the quarter. Stablepoint Partners LLC’s holdings in Honeywell International were worth $361,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of HON. LaFleur & Godfrey LLC boosted its stake in Honeywell International by 40.7% during the 4th quarter. LaFleur & Godfrey LLC now owns 42,277 shares of the conglomerate’s stock worth $9,550,000 after purchasing an additional 12,227 shares during the last quarter. Brighton Jones LLC lifted its stake in shares of Honeywell International by 9.1% in the fourth quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate’s stock worth $4,302,000 after buying an additional 1,582 shares in the last quarter. Union Bancaire Privee UBP SA acquired a new position in Honeywell International during the fourth quarter worth about $21,525,000. Stratos Wealth Advisors LLC grew its stake in Honeywell International by 7.1% during the 4th quarter. Stratos Wealth Advisors LLC now owns 5,158 shares of the conglomerate’s stock valued at $1,165,000 after acquiring an additional 343 shares in the last quarter. Finally, Tectonic Advisors LLC acquired a new stake in Honeywell International in the 4th quarter valued at about $268,000. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Stock Up 0.9%

NASDAQ:HON opened at $228.78 on Friday. Honeywell International Inc. has a 52 week low of $179.36 and a 52 week high of $242.77. The stock’s fifty day moving average is $210.44 and its two-hundred day moving average is $216.22. The stock has a market capitalization of $147.03 billion, a price-to-earnings ratio of 26.27, a price-to-earnings-growth ratio of 2.51 and a beta of 1.08. The company has a quick ratio of 1.01, a current ratio of 1.31 and a debt-to-equity ratio of 1.33.

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

Honeywell International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 16th were issued a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date was Friday, May 16th. Honeywell International’s dividend payout ratio (DPR) is currently 51.95%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on HON. Royal Bank of Canada boosted their target price on Honeywell International from $211.00 to $226.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 30th. Deutsche Bank Aktiengesellschaft upgraded Honeywell International from a “hold” rating to a “buy” rating and upped their target price for the company from $236.00 to $260.00 in a report on Friday, February 7th. Wall Street Zen raised Honeywell International from a “hold” rating to a “buy” rating in a research note on Thursday, May 15th. JPMorgan Chase & Co. raised their price objective on shares of Honeywell International from $182.00 to $217.00 and gave the stock a “neutral” rating in a research report on Friday, May 16th. Finally, Citigroup lifted their target price on shares of Honeywell International from $242.00 to $265.00 and gave the stock a “buy” rating in a research note on Wednesday. Eight research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $248.14.

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.