Barrett Asset Management LLC Reduces Stock Position in Honeywell International Inc. (NASDAQ:HON)

Barrett Asset Management LLC lowered its position in shares of Honeywell International Inc. (NASDAQ:HONGet Rating) by 10.7% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,647 shares of the conglomerate’s stock after selling 1,034 shares during the period. Barrett Asset Management LLC’s holdings in Honeywell International were worth $1,682,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Marietta Wealth Management LLC lifted its position in shares of Honeywell International by 4.6% in the 1st quarter. Marietta Wealth Management LLC now owns 20,266 shares of the conglomerate’s stock worth $3,943,000 after purchasing an additional 894 shares during the period. Mascoma Wealth Management LLC lifted its position in shares of Honeywell International by 17.4% in the 1st quarter. Mascoma Wealth Management LLC now owns 1,066 shares of the conglomerate’s stock worth $207,000 after purchasing an additional 158 shares during the period. Horizon Investments LLC lifted its position in shares of Honeywell International by 3.7% in the 4th quarter. Horizon Investments LLC now owns 13,617 shares of the conglomerate’s stock worth $2,839,000 after purchasing an additional 481 shares during the period. New York State Common Retirement Fund lifted its position in shares of Honeywell International by 2.4% in the 1st quarter. New York State Common Retirement Fund now owns 1,367,309 shares of the conglomerate’s stock worth $266,051,000 after purchasing an additional 32,644 shares during the period. Finally, First Citizens Bank & Trust Co. lifted its position in shares of Honeywell International by 19.5% in the 1st quarter. First Citizens Bank & Trust Co. now owns 6,733 shares of the conglomerate’s stock worth $1,310,000 after purchasing an additional 1,100 shares during the period. Hedge funds and other institutional investors own 74.74% of the company’s stock.

Honeywell International Stock Up 2.1 %

NASDAQ:HON opened at $191.69 on Friday. The firm has a market cap of $129.14 billion, a P/E ratio of 26.15, a P/E/G ratio of 2.28 and a beta of 1.06. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.92 and a current ratio of 1.20. Honeywell International Inc. has a fifty-two week low of $167.35 and a fifty-two week high of $228.26. The firm has a 50-day simple moving average of $191.10 and a two-hundred day simple moving average of $189.81.

Honeywell International (NASDAQ:HONGet Rating) last announced its quarterly earnings results on Thursday, July 28th. The conglomerate reported $2.10 EPS for the quarter, topping analysts’ consensus estimates of $2.03 by $0.07. Honeywell International had a net margin of 14.74% and a return on equity of 30.17%. The firm had revenue of $8.95 billion during the quarter, compared to analyst estimates of $8.67 billion. During the same period in the previous year, the business posted $2.02 earnings per share. The business’s revenue for the quarter was up 1.6% on a year-over-year basis. Analysts predict that Honeywell International Inc. will post 8.68 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 2nd. Stockholders of record on Friday, August 12th were paid a $0.98 dividend. The ex-dividend date was Thursday, August 11th. This represents a $3.92 dividend on an annualized basis and a dividend yield of 2.04%. Honeywell International’s dividend payout ratio is presently 53.48%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Mizuho dropped their target price on shares of Honeywell International from $235.00 to $225.00 and set a “buy” rating for the company in a research report on Monday, July 18th. Royal Bank of Canada lifted their price target on shares of Honeywell International from $184.00 to $193.00 in a research report on Friday, July 29th. StockNews.com cut shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Thursday, August 11th. TheStreet raised shares of Honeywell International from a “c+” rating to a “b-” rating in a research report on Thursday, August 11th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on shares of Honeywell International from $230.00 to $211.00 and set a “buy” rating for the company in a research report on Wednesday, July 13th. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Honeywell International has an average rating of “Hold” and a consensus price target of $210.08.

Insider Transactions at Honeywell International

In other news, CFO Gregory P. Lewis sold 5,011 shares of Honeywell International stock in a transaction that occurred on Thursday, July 28th. The shares were sold at an average price of $190.00, for a total value of $952,090.00. Following the completion of the sale, the chief financial officer now directly owns 43,625 shares in the company, valued at $8,288,750. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.45% of the company’s stock.

Honeywell International Company Profile

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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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