Tower Wealth Partners Inc. Sells 666 Shares of Honeywell International Inc. (NASDAQ:HON)

Tower Wealth Partners Inc. reduced its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 29.8% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 1,568 shares of the conglomerate’s stock after selling 666 shares during the period. Tower Wealth Partners Inc.’s holdings in Honeywell International were worth $332,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Valmark Advisers Inc. grew its holdings in shares of Honeywell International by 1.0% in the fourth quarter. Valmark Advisers Inc. now owns 4,641 shares of the conglomerate’s stock valued at $1,048,000 after acquiring an additional 45 shares in the last quarter. Claris Advisors LLC MO grew its holdings in shares of Honeywell International by 4.8% in the fourth quarter. Claris Advisors LLC MO now owns 1,069 shares of the conglomerate’s stock valued at $241,000 after acquiring an additional 49 shares in the last quarter. Avantax Planning Partners Inc. grew its holdings in shares of Honeywell International by 1.4% in the fourth quarter. Avantax Planning Partners Inc. now owns 3,441 shares of the conglomerate’s stock valued at $777,000 after acquiring an additional 49 shares in the last quarter. NORTHSTAR ASSET MANAGEMENT Co LLC grew its holdings in shares of Honeywell International by 0.6% in the fourth quarter. NORTHSTAR ASSET MANAGEMENT Co LLC now owns 8,835 shares of the conglomerate’s stock valued at $1,996,000 after acquiring an additional 50 shares in the last quarter. Finally, Spinnaker Trust grew its holdings in shares of Honeywell International by 0.4% in the fourth quarter. Spinnaker Trust now owns 11,322 shares of the conglomerate’s stock valued at $2,558,000 after acquiring an additional 50 shares in the last quarter. 75.91% of the stock is owned by institutional investors.

Honeywell International Price Performance

Honeywell International stock opened at $228.78 on Friday. Honeywell International Inc. has a one year low of $179.36 and a one year high of $242.77. The business has a fifty day moving average price of $210.44 and a 200-day moving average price of $216.22. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.31 and a quick ratio of 1.01. The firm has a market capitalization of $147.03 billion, a P/E ratio of 26.27, a PEG ratio of 2.51 and a beta of 1.08.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings results on Tuesday, April 29th. The conglomerate reported $2.51 EPS for the quarter, topping 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 firm had revenue of $9.82 billion during the quarter, compared to analyst estimates of $9.59 billion. During the same period last year, the company earned $2.25 earnings per share. The business’s revenue for the quarter was up 7.9% on a year-over-year basis. As a group, equities research analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on HON. Morgan Stanley upped their target price on Honeywell International from $210.00 to $217.00 and gave the company an “equal weight” rating in a report on Tuesday, February 11th. Royal Bank of Canada increased their price objective on Honeywell International from $211.00 to $226.00 and gave the company a “sector perform” rating in a report on Wednesday, April 30th. Wells Fargo & Company increased their price objective on Honeywell International from $205.00 to $225.00 and gave the company an “equal weight” rating in a report on Wednesday, April 30th. Bank of America raised Honeywell International from a “neutral” rating to a “buy” rating and set a $250.00 price objective for the company in a report on Wednesday, May 7th. Finally, Wall Street Zen raised Honeywell International from a “hold” rating to a “buy” rating in a report on Thursday, May 15th. Eight investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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.