Honeywell International Inc. (NASDAQ:HON) Shares Sold by Bartlett & CO. Wealth Management LLC

Bartlett & CO. Wealth Management LLC trimmed its holdings in Honeywell International Inc. (NASDAQ:HON) by 9.4% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,319 shares of the conglomerate’s stock after selling 1,798 shares during the quarter. Bartlett & CO. Wealth Management LLC’s holdings in Honeywell International were worth $3,667,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Claris Advisors LLC MO boosted its holdings in Honeywell International by 4.8% in the fourth quarter. Claris Advisors LLC MO now owns 1,069 shares of the conglomerate’s stock valued at $241,000 after purchasing an additional 49 shares in the last quarter. Avantax Planning Partners Inc. boosted its holdings in Honeywell International by 1.4% in the fourth quarter. Avantax Planning Partners Inc. now owns 3,441 shares of the conglomerate’s stock valued at $777,000 after purchasing an additional 49 shares in the last quarter. Zions Bancorporation N.A. lifted its stake in Honeywell International by 7.4% in the fourth quarter. Zions Bancorporation N.A. now owns 726 shares of the conglomerate’s stock valued at $164,000 after buying an additional 50 shares during the last quarter. Cetera Trust Company N.A lifted its stake in Honeywell International by 0.5% in the first quarter. Cetera Trust Company N.A now owns 10,475 shares of the conglomerate’s stock valued at $2,218,000 after buying an additional 50 shares during the last quarter. Finally, Kennedy Investment Group lifted its stake in Honeywell International by 1.7% in the first quarter. Kennedy Investment Group now owns 3,019 shares of the conglomerate’s stock valued at $639,000 after buying an additional 51 shares during the last quarter. 75.91% of the stock is owned by institutional investors and hedge funds.

Honeywell International Trading Up 1.1%

Shares of HON stock opened at $228.85 on Friday. The business’s fifty day moving average price is $218.94 and its 200 day moving average price is $215.80. Honeywell International Inc. has a 1-year low of $179.36 and a 1-year high of $242.77. The firm has a market capitalization of $147.08 billion, a PE ratio of 26.30, a P/E/G ratio of 2.64 and a beta of 1.08. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.25 and a quick ratio of 0.95.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings data 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 36.19% and a net margin of 14.51%. The firm had revenue of $9.82 billion for the quarter, compared to analyst estimates of $9.59 billion. During the same quarter in the prior year, the company posted $2.25 earnings per share. Honeywell International’s quarterly revenue was up 7.9% on a year-over-year basis. As a group, sell-side analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Announces Dividend

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 dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date of this dividend was Friday, May 16th. Honeywell International’s dividend payout ratio is presently 51.95%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on HON shares. JPMorgan Chase & Co. boosted their price objective on Honeywell International from $182.00 to $217.00 and gave the company a “neutral” rating in a research note on Friday, May 16th. Barclays boosted their price objective on Honeywell International from $243.00 to $258.00 and gave the company an “overweight” rating in a research note on Wednesday, June 18th. Wall Street Zen upgraded Honeywell International from a “hold” rating to a “buy” rating in a research note on Thursday, May 15th. Bank of America upgraded Honeywell International from a “neutral” rating to a “buy” rating and set a $250.00 price objective for the company in a research note on Wednesday, May 7th. Finally, Citigroup boosted their price objective on Honeywell International from $242.00 to $265.00 and gave the company a “buy” rating in a research note on Wednesday, June 4th. Eight 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.com, the company presently has an average rating of “Moderate Buy” and an average price target of $249.21.

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.