Raymond James & Associates Has $238.82 Million Holdings in Honeywell International Inc. (NASDAQ:HON)

Raymond James & Associates cut its holdings in Honeywell International Inc. (NASDAQ:HON) by 8.2% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,163,574 shares of the conglomerate’s stock after selling 103,849 shares during the period. Raymond James & Associates owned approximately 0.18% of Honeywell International worth $238,824,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of HON. Altshuler Shaham Ltd bought a new position in shares of Honeywell International in the fourth quarter worth about $27,000. Scarborough Advisors LLC bought a new position in shares of Honeywell International in the fourth quarter worth about $27,000. Cordant Inc. bought a new position in shares of Honeywell International in the fourth quarter worth about $31,000. Rakuten Securities Inc. bought a new position in shares of Honeywell International in the fourth quarter worth about $31,000. Finally, Richardson Capital Management LLC bought a new position in shares of Honeywell International in the first quarter worth about $35,000. Institutional investors own 75.91% of the company’s stock.

Insider Transactions at Honeywell International

In related news, Director Darius Adamczyk sold 25,500 shares of Honeywell International stock in a transaction on Monday, February 12th. The shares were sold at an average price of $197.19, for a total value of $5,028,345.00. Following the completion of the sale, the director now owns 183,400 shares of the company’s stock, valued at approximately $36,164,646. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.41% of the company’s stock.

Honeywell International Trading Up 0.2 %

NASDAQ:HON traded up $0.43 on Friday, reaching $193.45. 3,041,537 shares of the stock traded hands, compared to its average volume of 2,666,853. The firm has a market capitalization of $125.97 billion, a price-to-earnings ratio of 22.42, a price-to-earnings-growth ratio of 2.21 and a beta of 1.02. The company’s 50 day moving average is $198.18 and its 200-day moving average is $196.40. The company has a current ratio of 1.66, a quick ratio of 0.93 and a debt-to-equity ratio of 1.30. Honeywell International Inc. has a 1-year low of $174.88 and a 1-year high of $210.87.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings data on Thursday, April 25th. The conglomerate reported $2.25 EPS for the quarter, topping the consensus estimate of $2.17 by $0.08. The company had revenue of $9.11 billion during the quarter, compared to the consensus estimate of $9.03 billion. Honeywell International had a net margin of 15.52% and a return on equity of 35.88%. The company’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter last year, the firm posted $2.07 EPS. Equities research analysts anticipate that Honeywell International Inc. will post 9.96 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a dividend yield of 2.23%. The ex-dividend date was Thursday, February 29th. Honeywell International’s dividend payout ratio (DPR) is 50.06%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $215.00 price objective (down previously from $227.00) on shares of Honeywell International in a report on Tuesday, April 16th. Barclays raised their price objective on shares of Honeywell International from $230.00 to $232.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. Berenberg Bank upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and raised their price objective for the company from $195.00 to $240.00 in a report on Wednesday, March 6th. StockNews.com lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Friday. Finally, Royal Bank of Canada dropped their price objective on shares of Honeywell International from $210.00 to $209.00 and set a “sector perform” rating for the company in a report on Friday, February 2nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Honeywell International currently has an average rating of “Hold” and a consensus target price of $219.67.

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.