Insigneo Advisory Services LLC Cuts Stake in Honeywell International Inc. (NASDAQ:HON)

Insigneo Advisory Services LLC reduced its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 6.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,649 shares of the conglomerate’s stock after selling 1,616 shares during the quarter. Honeywell International comprises approximately 0.5% of Insigneo Advisory Services LLC’s holdings, making the stock its 29th largest position. Insigneo Advisory Services LLC’s holdings in Honeywell International were worth $4,796,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in HON. NBT Bank N A NY grew its holdings in shares of Honeywell International by 0.9% in the first quarter. NBT Bank N A NY now owns 29,066 shares of the conglomerate’s stock valued at $6,155,000 after purchasing an additional 259 shares in the last quarter. Lynch & Associates IN grew its holdings in shares of Honeywell International by 1.2% in the first quarter. Lynch & Associates IN now owns 27,519 shares of the conglomerate’s stock valued at $5,827,000 after purchasing an additional 329 shares in the last quarter. Strategic Advisors LLC grew its holdings in shares of Honeywell International by 33.9% in the first quarter. Strategic Advisors LLC now owns 9,774 shares of the conglomerate’s stock valued at $2,070,000 after purchasing an additional 2,477 shares in the last quarter. Chicago Capital LLC grew its holdings in shares of Honeywell International by 46.7% in the first quarter. Chicago Capital LLC now owns 15,815 shares of the conglomerate’s stock valued at $3,349,000 after purchasing an additional 5,032 shares in the last quarter. Finally, AA Financial Advisors LLC grew its holdings in shares of Honeywell International by 1.6% in the first quarter. AA Financial Advisors LLC now owns 4,005 shares of the conglomerate’s stock valued at $848,000 after purchasing an additional 63 shares in the last quarter. 75.91% of the stock is owned by hedge funds and other institutional investors.

Honeywell International Stock Down 0.1%

NASDAQ:HON opened at $224.09 on Tuesday. Honeywell International Inc. has a 1-year low of $179.36 and a 1-year high of $242.77. 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 cap of $144.02 billion, a PE ratio of 25.73, a price-to-earnings-growth ratio of 2.51 and a beta of 1.08. The company has a 50-day moving average of $214.18 and a 200 day moving average of $215.88.

Honeywell International (NASDAQ:HON) last released its quarterly earnings data on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.21 by $0.30. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. The firm had revenue of $9.82 billion for the quarter, compared to the consensus estimate of $9.59 billion. During the same period last year, the firm earned $2.25 earnings per share. The company’s quarterly revenue was up 7.9% on a year-over-year basis. As a group, research analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current fiscal 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. The ex-dividend date was Friday, May 16th. This represents a $4.52 annualized dividend and a yield of 2.02%. Honeywell International’s dividend payout ratio (DPR) is presently 51.95%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on HON. Barclays lowered their price target on Honeywell International from $247.00 to $243.00 and set an “overweight” rating for the company in a research report on Wednesday, April 30th. Wells Fargo & Company raised their price target on Honeywell International from $205.00 to $225.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 30th. Citigroup raised their price target on Honeywell International from $242.00 to $265.00 and gave the stock a “buy” rating in a research report on Wednesday, June 4th. Bank of America upgraded Honeywell International from a “neutral” rating to a “buy” rating and set a $250.00 price target for the company in a research report on Wednesday, May 7th. Finally, JPMorgan Chase & Co. raised their price target on Honeywell International from $182.00 to $217.00 and gave the stock a “neutral” rating in a research report on Friday, May 16th. Eight investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price 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.