Marcum Wealth LLC Sells 859 Shares of Honeywell International Inc. (NASDAQ:HON)

Marcum Wealth LLC cut its stake in Honeywell International Inc. (NASDAQ:HON) by 20.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,252 shares of the conglomerate’s stock after selling 859 shares during the quarter. Marcum Wealth LLC’s holdings in Honeywell International were worth $689,000 as of its most recent SEC filing.

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

Honeywell International Stock Up 0.3%

Shares of NASDAQ HON opened at $225.19 on Friday. The company has a market cap of $144.73 billion, a price-to-earnings ratio of 25.85, a PEG ratio of 2.51 and a beta of 1.07. The company has a current ratio of 1.31, a quick ratio of 1.01 and a debt-to-equity ratio of 1.33. Honeywell International Inc. has a 12 month low of $179.36 and a 12 month high of $242.77. The stock has a 50-day moving average price of $208.74 and a two-hundred day moving average price of $216.38.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings data on Tuesday, April 29th. The conglomerate reported $2.51 EPS for the quarter, beating the consensus estimate of $2.21 by $0.30. The business had revenue of $9.82 billion during the quarter, compared to the consensus estimate of $9.59 billion. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. The firm’s revenue was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.25 EPS. As a group, analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 16th will be given a dividend of $1.13 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $4.52 dividend on an annualized basis and a yield of 2.01%. Honeywell International’s dividend payout ratio is currently 51.95%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on HON shares. Wall Street Zen upgraded shares of Honeywell International from a “hold” rating to a “buy” rating in a research note on Thursday, May 15th. Royal Bank of Canada increased their target price on shares of Honeywell International from $211.00 to $226.00 and gave the stock a “sector perform” rating in a research report on Wednesday, April 30th. Deutsche Bank Aktiengesellschaft upgraded Honeywell International from a “hold” rating to a “buy” rating and boosted their price target for the company from $236.00 to $260.00 in a research note on Friday, February 7th. JPMorgan Chase & Co. raised their price objective on Honeywell International from $182.00 to $217.00 and gave the stock a “neutral” rating in a research note on Friday, May 16th. Finally, Mizuho upped their target price on Honeywell International from $235.00 to $250.00 and gave the company an “outperform” rating in a research report on Friday, May 16th. Eight 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. Based on data from MarketBeat.com, Honeywell International presently has a consensus rating of “Moderate Buy” and an average target price of $245.57.

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.