Raymond James Financial Services Advisors Inc. Decreases Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

Raymond James Financial Services Advisors Inc. lowered its stake in shares of Honeywell International Inc. (NASDAQ:HONGet Rating) by 4.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 337,267 shares of the conglomerate’s stock after selling 15,131 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Honeywell International were worth $70,331,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in HON. Slow Capital Inc. lifted its holdings in shares of Honeywell International by 3.0% in the fourth quarter. Slow Capital Inc. now owns 34,179 shares of the conglomerate’s stock valued at $7,127,000 after purchasing an additional 1,002 shares in the last quarter. Capital Advisors Ltd. LLC lifted its holdings in shares of Honeywell International by 49.8% in the fourth quarter. Capital Advisors Ltd. LLC now owns 2,019 shares of the conglomerate’s stock valued at $421,000 after purchasing an additional 671 shares in the last quarter. Wilbanks Smith & Thomas Asset Management LLC lifted its holdings in shares of Honeywell International by 5.3% in the fourth quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 55,199 shares of the conglomerate’s stock valued at $11,510,000 after purchasing an additional 2,799 shares in the last quarter. Hyman Charles D lifted its holdings in shares of Honeywell International by 0.3% in the fourth quarter. Hyman Charles D now owns 35,059 shares of the conglomerate’s stock valued at $7,310,000 after purchasing an additional 100 shares in the last quarter. Finally, Nixon Peabody Trust Co. lifted its holdings in shares of Honeywell International by 30.7% in the fourth quarter. Nixon Peabody Trust Co. now owns 2,088 shares of the conglomerate’s stock valued at $435,000 after purchasing an additional 490 shares in the last quarter. 74.61% of the stock is currently owned by hedge funds and other institutional investors.

HON stock traded up $3.59 on Friday, hitting $193.51. 7,248,558 shares of the company were exchanged, compared to its average volume of 2,603,847. Honeywell International Inc. has a twelve month low of $174.42 and a twelve month high of $236.86. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.30 and a quick ratio of 1.04. The business’s fifty day moving average is $193.36 and its two-hundred day moving average is $198.56. The stock has a market capitalization of $132.65 billion, a price-to-earnings ratio of 24.43, a price-to-earnings-growth ratio of 2.26 and a beta of 1.13.

Honeywell International (NASDAQ:HONGet Rating) last issued its quarterly earnings results on Friday, April 29th. The conglomerate reported $1.91 EPS for the quarter, topping the consensus estimate of $1.86 by $0.05. Honeywell International had a net margin of 16.11% and a return on equity of 30.52%. The firm had revenue of $8.38 billion during the quarter, compared to analyst estimates of $8.29 billion. During the same quarter in the prior year, the business posted $1.92 earnings per share. Honeywell International’s revenue for the quarter was down .9% compared to the same quarter last year. Equities research analysts expect that Honeywell International Inc. will post 8.55 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 3rd. Shareholders of record on Friday, May 13th will be paid a dividend of $0.98 per share. The ex-dividend date of this dividend is Thursday, May 12th. This represents a $3.92 annualized dividend and a yield of 2.03%. Honeywell International’s dividend payout ratio is currently 49.49%.

Several analysts have issued reports on the stock. Mizuho reduced their price target on shares of Honeywell International from $245.00 to $235.00 and set a “buy” rating on the stock in a report on Friday, February 4th. Zacks Investment Research raised shares of Honeywell International from a “sell” rating to a “hold” rating and set a $203.00 price objective for the company in a research report on Tuesday, March 22nd. JPMorgan Chase & Co. cut their price objective on shares of Honeywell International from $265.00 to $235.00 in a research report on Friday, February 4th. Credit Suisse Group cut their price objective on shares of Honeywell International from $226.00 to $211.00 and set a “neutral” rating for the company in a research report on Friday, February 4th. Finally, UBS Group cut their price objective on shares of Honeywell International from $237.00 to $220.00 and set a “buy” rating for the company in a research report on Tuesday, February 15th. Eight research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Honeywell International has a consensus rating of “Hold” and a consensus target price of $228.43.

Honeywell International Profile (Get Rating)

Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its 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; thermal systems, as well as wireless connectivity and management services.

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Institutional Ownership by Quarter for Honeywell International (NASDAQ:HON)

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