Pine Haven Investment Counsel Inc Sells 150 Shares of Honeywell International Inc. (NASDAQ:HON)

Pine Haven Investment Counsel Inc cut its holdings in Honeywell International Inc. (NASDAQ:HON) by 12.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,035 shares of the conglomerate’s stock after selling 150 shares during the period. Pine Haven Investment Counsel Inc’s holdings in Honeywell International were worth $219,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HON. Mainstream Capital Management LLC acquired a new stake in Honeywell International in the fourth quarter worth $25,000. Avalon Trust Co boosted its position in shares of 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 in the last quarter. Mpwm Advisory Solutions LLC acquired a new stake in shares of Honeywell International in the 4th quarter valued at about $29,000. Accredited Wealth Management LLC bought a new stake in Honeywell International in the 4th quarter valued at about $34,000. Finally, Curio Wealth LLC acquired a new position in Honeywell International during the 4th quarter worth approximately $35,000. 75.91% of the stock is owned by institutional investors and hedge funds.

Honeywell International Stock Performance

HON stock opened at $228.78 on Friday. The business has a 50 day moving average of $210.44 and a 200-day moving average of $216.22. The firm has a market cap of $147.03 billion, a PE ratio of 26.27, a P/E/G ratio of 2.51 and a beta of 1.08. Honeywell International Inc. has a 12-month low of $179.36 and a 12-month high of $242.77. The company has a quick ratio of 1.01, a current ratio of 1.31 and a debt-to-equity ratio of 1.33.

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

Honeywell International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were paid a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date was Friday, May 16th. Honeywell International’s payout ratio is 51.95%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Citigroup raised their price objective on Honeywell International from $242.00 to $265.00 and gave the company a “buy” rating in a research note on Wednesday. Wells Fargo & Company increased their target price on Honeywell International from $205.00 to $225.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 30th. Mizuho boosted their price target on shares of Honeywell International from $235.00 to $250.00 and gave the company an “outperform” rating in a research note on Friday, May 16th. JPMorgan Chase & Co. raised their price objective on shares of Honeywell International from $182.00 to $217.00 and gave the company a “neutral” rating in a research note on Friday, May 16th. Finally, Royal Bank of Canada lifted their price objective on shares of Honeywell International from $211.00 to $226.00 and gave the company a “sector perform” rating in a report on Wednesday, April 30th. Eight equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Honeywell International currently has a consensus rating of “Moderate Buy” and an average price target of $248.14.

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.