Honeywell International Inc. (NASDAQ:HON) Shares Sold by Fortitude Family Office LLC

Fortitude Family Office LLC reduced its position in Honeywell International Inc. (NASDAQ:HON) by 20.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,410 shares of the conglomerate’s stock after selling 365 shares during the period. Fortitude Family Office LLC’s holdings in Honeywell International were worth $299,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of HON. Mainstream Capital Management LLC acquired a new position in shares of Honeywell International during the fourth quarter worth about $25,000. Avalon Trust Co raised its holdings in shares of Honeywell International by 166.7% during the 4th quarter. Avalon Trust Co now owns 120 shares of the conglomerate’s stock valued at $27,000 after buying an additional 75 shares during the period. Mpwm Advisory Solutions LLC acquired a new position in Honeywell International during the 4th quarter worth approximately $29,000. Accredited Wealth Management LLC purchased a new position in Honeywell International in the 4th quarter worth approximately $34,000. Finally, Curio Wealth LLC acquired a new stake in Honeywell International in the fourth quarter valued at approximately $35,000. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Trading Down 0.2%

Shares of NASDAQ HON opened at $225.82 on Thursday. Honeywell International Inc. has a 12-month low of $179.36 and a 12-month high of $242.77. The company has a market cap of $145.13 billion, a price-to-earnings ratio of 25.93, a price-to-earnings-growth ratio of 2.51 and a beta of 1.08. The company has a current ratio of 1.31, a quick ratio of 1.01 and a debt-to-equity ratio of 1.33. The stock’s 50 day simple moving average is $211.75 and its 200 day simple moving average is $216.20.

Honeywell International (NASDAQ:HON) last posted its earnings results on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share (EPS) for the quarter, beating 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 company had revenue of $9.82 billion for the quarter, compared to analysts’ expectations of $9.59 billion. During the same period last year, the business 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 expect that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Announces Dividend

The business also recently declared 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 dividend yield of 2.00%. Honeywell International’s dividend payout ratio (DPR) is 51.95%.

Wall Street Analysts Forecast Growth

HON has been the topic of a number of recent research reports. JPMorgan Chase & Co. boosted their target price on shares of Honeywell International from $182.00 to $217.00 and gave the stock a “neutral” rating in a research report on Friday, May 16th. Bank of America upgraded shares of Honeywell International from a “neutral” rating to a “buy” rating and set a $250.00 price objective on the stock in a report on Wednesday, May 7th. Citigroup raised their target price on Honeywell International from $242.00 to $265.00 and gave the company a “buy” rating in a research note on Wednesday, June 4th. Barclays cut their price target on Honeywell International from $247.00 to $243.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 30th. Finally, Wells Fargo & Company raised their price objective on Honeywell International from $205.00 to $225.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 30th. Eight analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Honeywell International has an average rating of “Moderate Buy” and an average price target of $248.14.

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.