Tilia Fiduciary Partners Inc. Lowers Holdings in Honeywell International Inc. (NASDAQ:HON)

Tilia Fiduciary Partners Inc. cut its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 2.7% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 1,891 shares of the conglomerate’s stock after selling 53 shares during the quarter. Tilia Fiduciary Partners Inc.’s holdings in Honeywell International were worth $400,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Wall Street Analysts Forecast Growth

HON has been the subject of several analyst reports. JPMorgan Chase & Co. increased their price objective on Honeywell International from $182.00 to $217.00 and gave the company a “neutral” rating in a report on Friday, May 16th. Royal Bank of Canada upped their target price on Honeywell International from $211.00 to $226.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 30th. Morgan Stanley raised their price objective on Honeywell International from $210.00 to $217.00 and gave the company an “equal weight” rating in a report on Tuesday, February 11th. Citigroup raised their price target on shares of Honeywell International from $242.00 to $265.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Wells Fargo & Company lifted their target price on shares of Honeywell International from $205.00 to $225.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 30th. Eight research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $248.14.

Honeywell International Stock Performance

Honeywell International stock opened at $228.78 on Friday. 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 has a 50 day moving average of $210.44 and a 200-day moving average of $216.15. The stock has a market cap of $147.03 billion, a P/E ratio of 26.27, a price-to-earnings-growth ratio of 2.51 and a beta of 1.08. Honeywell International Inc. has a 52 week low of $179.36 and a 52 week high of $242.77.

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

Honeywell International Announces Dividend

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

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.