Glen Eagle Advisors LLC Cuts Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

Glen Eagle Advisors LLC lowered its stake in Honeywell International Inc. (NASDAQ:HON) by 7.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,985 shares of the conglomerate’s stock after selling 165 shares during the quarter. Glen Eagle Advisors LLC’s holdings in Honeywell International were worth $448,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Mpwm Advisory Solutions LLC purchased a new position in shares of Honeywell International in the fourth quarter valued at $29,000. Vanguard Capital Wealth Advisors lifted its position in Honeywell International by 5.4% during the fourth quarter. Vanguard Capital Wealth Advisors now owns 1,467 shares of the conglomerate’s stock valued at $331,000 after purchasing an additional 75 shares during the last quarter. USS Investment Management Ltd grew its stake in shares of Honeywell International by 326.2% in the 4th quarter. USS Investment Management Ltd now owns 141,492 shares of the conglomerate’s stock worth $31,971,000 after buying an additional 108,292 shares in the last quarter. Vance Wealth LLC purchased a new stake in shares of Honeywell International during the 4th quarter valued at about $205,000. Finally, Waverly Advisors LLC lifted its holdings in shares of Honeywell International by 26.9% in the 4th quarter. Waverly Advisors LLC now owns 18,028 shares of the conglomerate’s stock valued at $4,072,000 after acquiring an additional 3,825 shares during the last quarter. Institutional investors own 75.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on HON. Wells Fargo & Company boosted their price objective on Honeywell International from $205.00 to $225.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 30th. StockNews.com raised Honeywell International from a “hold” rating to a “buy” rating in a research note on Thursday, May 15th. Royal Bank of Canada raised their price target on Honeywell International from $211.00 to $226.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 30th. Deutsche Bank Aktiengesellschaft raised Honeywell International from a “hold” rating to a “buy” rating and upped their price objective for the company from $236.00 to $260.00 in a research report on Friday, February 7th. Finally, Bank of America upgraded 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. Eight research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Honeywell International has a consensus rating of “Moderate Buy” and a consensus target price of $245.57.

Honeywell International Stock Down 1.4%

Honeywell International stock opened at $221.87 on Thursday. The company has a quick ratio of 1.01, a current ratio of 1.31 and a debt-to-equity ratio of 1.33. The firm has a market cap of $142.59 billion, a P/E ratio of 25.47, a P/E/G ratio of 2.51 and a beta of 1.07. The business has a fifty day moving average of $207.09 and a two-hundred day moving average of $216.04. Honeywell International Inc. has a twelve month low of $179.36 and a twelve month high of $242.77.

Honeywell International (NASDAQ:HON) last issued 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 35.78% and a net margin of 14.82%. The firm had revenue of $9.82 billion during the quarter, compared to analysts’ expectations of $9.59 billion. During the same period in the prior year, the business posted $2.25 EPS. The firm’s quarterly revenue was up 7.9% on a year-over-year basis. On average, analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 16th will be given a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date is Friday, May 16th. Honeywell International’s payout ratio is currently 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.