Bryn Mawr Capital Management LLC Sells 2,364 Shares of Honeywell International Inc. (NASDAQ:HON)

Bryn Mawr Capital Management LLC trimmed its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 12.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,172 shares of the conglomerate’s stock after selling 2,364 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in Honeywell International were worth $3,636,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. World Investment Advisors boosted its stake in shares of Honeywell International by 137.7% in the fourth quarter. World Investment Advisors now owns 22,387 shares of the conglomerate’s stock valued at $5,057,000 after buying an additional 12,969 shares during the period. Schroder Investment Management Group boosted its stake in shares of Honeywell International by 12.7% in the fourth quarter. Schroder Investment Management Group now owns 89,297 shares of the conglomerate’s stock valued at $20,235,000 after buying an additional 10,092 shares during the period. Red Door Wealth Management LLC lifted its position in Honeywell International by 2.6% during the first quarter. Red Door Wealth Management LLC now owns 29,090 shares of the conglomerate’s stock worth $6,160,000 after purchasing an additional 736 shares during the period. Potomac Fund Management Inc. ADV bought a new stake in Honeywell International during the fourth quarter worth about $1,722,000. Finally, Petros Family Wealth LLC bought a new stake in Honeywell International during the fourth quarter worth about $383,000. 75.91% of the stock is owned by institutional investors.

Honeywell International Stock Performance

Shares of HON opened at $237.02 on Tuesday. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.95 and a current ratio of 1.25. The stock has a 50 day moving average price of $226.32 and a two-hundred day moving average price of $216.29. The firm has a market capitalization of $152.33 billion, a P/E ratio of 27.18, a P/E/G ratio of 2.68 and a beta of 1.07. Honeywell International Inc. has a 52 week low of $179.36 and a 52 week high of $242.77.

Honeywell International (NASDAQ:HON) last released its earnings results on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.21 by $0.30. The company had revenue of $9.82 billion during the quarter, compared to analyst estimates of $9.59 billion. Honeywell International had a return on equity of 36.19% and a net margin of 14.51%. Honeywell International’s quarterly revenue was up 7.9% on a year-over-year basis. During the same period in the prior year, the company posted $2.25 earnings per share. Equities analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were given a dividend of $1.13 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $4.52 dividend on an annualized basis and a yield of 1.91%. Honeywell International’s dividend payout ratio is presently 51.95%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on HON shares. Citigroup increased their target price on shares of Honeywell International from $242.00 to $265.00 and gave the stock a “buy” rating in a report on Wednesday, June 4th. Barclays increased their price target on Honeywell International from $258.00 to $265.00 and gave the company an “overweight” rating in a research note on Wednesday, July 9th. JPMorgan Chase & Co. increased their price target on Honeywell International from $182.00 to $217.00 and gave the company a “neutral” rating in a research note on Friday, May 16th. Wells Fargo & Company increased their price target on Honeywell International from $225.00 to $240.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 1st. Finally, Wall Street Zen upgraded Honeywell International from a “hold” rating to a “buy” rating in a research note on Thursday, May 15th. 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 data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $250.79.

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.