Baker Ellis Asset Management LLC Sells 395 Shares of Honeywell International Inc. (NASDAQ:HON)

Baker Ellis Asset Management LLC trimmed its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 4.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,101 shares of the conglomerate’s stock after selling 395 shares during the period. Baker Ellis Asset Management LLC’s holdings in Honeywell International were worth $1,715,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in HON. Mainstream Capital Management LLC bought a new position in shares of Honeywell International in the 4th quarter valued at about $25,000. Avalon Trust Co grew its position in shares of Honeywell International by 166.7% in the 4th quarter. Avalon Trust Co now owns 120 shares of the conglomerate’s stock valued at $27,000 after acquiring an additional 75 shares during the period. Mpwm Advisory Solutions LLC bought a new position in shares of Honeywell International in the 4th quarter valued at about $29,000. Accredited Wealth Management LLC bought a new position in shares of Honeywell International in the 4th quarter valued at about $34,000. Finally, Curio Wealth LLC bought a new stake in shares of Honeywell International during the 4th quarter worth about $35,000. Institutional investors own 75.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on HON shares. Royal Bank of Canada boosted their price objective on shares of Honeywell International from $211.00 to $226.00 and gave the company a “sector perform” rating in a report on Wednesday, April 30th. Bank of America upgraded shares of Honeywell International from a “neutral” rating to a “buy” rating and set a $250.00 price target for the company in a research report on Wednesday, May 7th. Wall Street Zen upgraded shares of Honeywell International from a “hold” rating to a “buy” rating in a research report on Thursday, May 15th. Wells Fargo & Company upped their price objective on shares of Honeywell International from $205.00 to $225.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 30th. Finally, 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 research note on Wednesday, June 4th. 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 has a consensus rating of “Moderate Buy” and a consensus price target of $248.14.

Honeywell International Stock Performance

Shares of HON stock opened at $225.82 on Thursday. The firm has a 50-day moving average of $211.75 and a 200-day moving average of $216.20. The company has a market cap of $145.13 billion, a P/E ratio of 25.93, a P/E/G ratio of 2.51 and a beta of 1.08. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.31 and a quick ratio of 1.01. Honeywell International Inc. has a one year low of $179.36 and a one 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 (EPS) for the quarter, topping analysts’ consensus estimates of $2.21 by $0.30. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. The business had revenue of $9.82 billion during the quarter, compared to the consensus estimate of $9.59 billion. During the same quarter last year, the company posted $2.25 earnings per share. The firm’s quarterly revenue was up 7.9% compared to the same quarter last year. Equities research analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 16th were paid a $1.13 dividend. The ex-dividend date was Friday, May 16th. This represents a $4.52 annualized dividend and a dividend yield of 2.00%. Honeywell International’s payout ratio is 51.95%.

Honeywell International 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.