Midland Wealth Advisors LLC Sells 151 Shares of Honeywell International Inc. (NASDAQ:HON)

Midland Wealth Advisors LLC trimmed its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 2.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,993 shares of the conglomerate’s stock after selling 151 shares during the quarter. Midland Wealth Advisors LLC’s holdings in Honeywell International were worth $1,269,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. World Investment Advisors raised its stake in Honeywell International by 137.7% in the fourth quarter. World Investment Advisors now owns 22,387 shares of the conglomerate’s stock valued at $5,057,000 after purchasing an additional 12,969 shares in the last quarter. Coordinated Financial Services Inc. bought a new position in shares of Honeywell International in the 4th quarter worth $361,000. Schroder Investment Management Group raised its position in shares of Honeywell International by 12.7% during the 4th quarter. Schroder Investment Management Group now owns 89,297 shares of the conglomerate’s stock valued at $20,235,000 after buying an additional 10,092 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Honeywell International during the 4th quarter worth $435,786,000. Finally, Dynasty Wealth Management LLC grew its position in Honeywell International by 52.1% in the fourth quarter. Dynasty Wealth Management LLC now owns 11,330 shares of the conglomerate’s stock worth $2,559,000 after acquiring an additional 3,879 shares in the last quarter. 75.91% of the stock is currently owned by institutional investors.

Honeywell International Trading Up 0.9%

NASDAQ:HON opened at $228.78 on Monday. The firm has a market capitalization of $147.03 billion, a P/E ratio of 26.27, a P/E/G ratio of 2.51 and a beta of 1.08. The company has a quick ratio of 1.01, a current ratio of 1.31 and a debt-to-equity ratio of 1.33. The company has a fifty day moving average of $210.44 and a 200 day moving average of $216.08. Honeywell International Inc. has a 52 week low of $179.36 and a 52 week high of $242.77.

Honeywell International (NASDAQ:HON) last 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 firm 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 company’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.25 earnings per share. On average, research analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Announces Dividend

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

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Bank of America upgraded Honeywell International from a “neutral” rating to a “buy” rating and set a $250.00 price target on the stock in a research report on Wednesday, May 7th. Wall Street Zen raised Honeywell International from a “hold” rating to a “buy” rating in a report on Thursday, May 15th. Citigroup upped their target price on Honeywell International from $242.00 to $265.00 and gave the stock a “buy” rating in a research note on Wednesday, June 4th. Wells Fargo & Company increased their price target on shares of Honeywell International from $205.00 to $225.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 30th. Finally, Barclays lowered their price objective on shares of Honeywell International from $247.00 to $243.00 and set an “overweight” rating for the company in a report on Wednesday, April 30th. 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. According to data from MarketBeat, Honeywell International currently has an average rating of “Moderate Buy” and an average price target of $248.14.

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.