Honeywell International Inc. (NASDAQ:HON) Holdings Decreased by Morse Asset Management Inc

Morse Asset Management Inc decreased its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 17.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,500 shares of the conglomerate’s stock after selling 715 shares during the quarter. Morse Asset Management Inc’s holdings in Honeywell International were worth $718,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Torray Investment Partners LLC boosted its position in Honeywell International by 0.3% during the fourth quarter. Torray Investment Partners LLC now owns 58,708 shares of the conglomerate’s stock valued at $12,312,000 after purchasing an additional 190 shares during the last quarter. Boyd Watterson Asset Management LLC OH boosted its position in Honeywell International by 0.3% during the fourth quarter. Boyd Watterson Asset Management LLC OH now owns 26,817 shares of the conglomerate’s stock valued at $5,624,000 after purchasing an additional 89 shares during the last quarter. Adell Harriman & Carpenter Inc. boosted its position in Honeywell International by 2.1% during the fourth quarter. Adell Harriman & Carpenter Inc. now owns 57,231 shares of the conglomerate’s stock valued at $12,002,000 after purchasing an additional 1,189 shares during the last quarter. Nisa Investment Advisors LLC lifted its position in shares of Honeywell International by 2.9% in the fourth quarter. Nisa Investment Advisors LLC now owns 225,185 shares of the conglomerate’s stock worth $47,224,000 after buying an additional 6,253 shares during the last quarter. Finally, Connectus Wealth LLC lifted its position in shares of Honeywell International by 2.2% in the fourth quarter. Connectus Wealth LLC now owns 224,661 shares of the conglomerate’s stock worth $47,128,000 after buying an additional 4,789 shares during the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Trading Up 0.1 %

Shares of HON traded up $0.29 during trading hours on Friday, hitting $202.74. 7,452,531 shares of the stock traded hands, compared to its average volume of 2,405,457. The company has a current ratio of 1.21, a quick ratio of 1.28 and a debt-to-equity ratio of 1.19. Honeywell International Inc. has a 1-year low of $174.88 and a 1-year high of $220.79. The firm has a market capitalization of $132.02 billion, a PE ratio of 23.49, a price-to-earnings-growth ratio of 2.11 and a beta of 1.04. The business has a fifty day moving average of $209.95 and a 200-day moving average of $202.53.

Honeywell International (NASDAQ:HON) last released its earnings results on Thursday, July 25th. The conglomerate reported $2.49 earnings per share for the quarter, beating the consensus estimate of $2.42 by $0.07. Honeywell International had a return on equity of 36.87% and a net margin of 15.49%. The firm had revenue of $9.58 billion for the quarter, compared to analyst estimates of $9.41 billion. During the same quarter in the prior year, the firm posted $2.23 earnings per share. The company’s quarterly revenue was up 4.7% on a year-over-year basis. Analysts expect that Honeywell International Inc. will post 10.15 EPS for the current year.

Honeywell International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Stockholders of record on Friday, August 16th will be given a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date of this dividend is Friday, August 16th. Honeywell International’s dividend payout ratio is currently 50.06%.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Barclays boosted their price target on Honeywell International from $230.00 to $232.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. Citigroup increased their target price on Honeywell International from $243.00 to $244.00 and gave the stock a “buy” rating in a report on Tuesday, June 4th. UBS Group upgraded Honeywell International from a “sell” rating to a “neutral” rating and increased their target price for the stock from $175.00 to $215.00 in a report on Monday, June 10th. Wells Fargo & Company decreased their target price on Honeywell International from $220.00 to $215.00 and set an “equal weight” rating on the stock in a report on Friday. Finally, Royal Bank of Canada decreased their target price on Honeywell International from $218.00 to $214.00 and set a “sector perform” rating on the stock in a report on Friday. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $224.50.

Insider Transactions at Honeywell International

In other news, CFO Gregory P. Lewis sold 25,209 shares of the firm’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $193.06, for a total transaction of $4,866,849.54. Following the sale, the chief financial officer now owns 55,471 shares of the company’s stock, valued at $10,709,231.26. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CFO Gregory P. Lewis sold 25,209 shares of the firm’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $193.06, for a total transaction of $4,866,849.54. Following the sale, the chief financial officer now owns 55,471 shares of the company’s stock, valued at $10,709,231.26. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Darius Adamczyk sold 28,500 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $203.96, for a total value of $5,812,860.00. Following the sale, the director now directly owns 203,510 shares in the company, valued at approximately $41,507,899.60. The disclosure for this sale can be found here. 0.41% of the stock is currently owned by insiders.

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.