Calton & Associates Inc. Lowers Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

Calton & Associates Inc. lowered its stake in shares of Honeywell International Inc. (NASDAQ:HONGet Rating) by 19.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,468 shares of the conglomerate’s stock after selling 593 shares during the quarter. Calton & Associates Inc.’s holdings in Honeywell International were worth $480,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Eidelman Virant Capital boosted its holdings in Honeywell International by 293.8% in the 1st quarter. Eidelman Virant Capital now owns 7,975 shares of the conglomerate’s stock valued at $1,551,000 after purchasing an additional 5,950 shares in the last quarter. Marietta Wealth Management LLC boosted its holdings in Honeywell International by 4.6% in the 1st quarter. Marietta Wealth Management LLC now owns 20,266 shares of the conglomerate’s stock valued at $3,943,000 after purchasing an additional 894 shares in the last quarter. CAPROCK Group Inc. boosted its holdings in Honeywell International by 4.9% in the 1st quarter. CAPROCK Group Inc. now owns 4,485 shares of the conglomerate’s stock valued at $873,000 after purchasing an additional 210 shares in the last quarter. First American Trust FSB boosted its holdings in Honeywell International by 5.8% in the 1st quarter. First American Trust FSB now owns 41,607 shares of the conglomerate’s stock valued at $8,096,000 after purchasing an additional 2,265 shares in the last quarter. Finally, Cooper Financial Group purchased a new stake in Honeywell International in the 1st quarter valued at approximately $222,000. 74.27% of the stock is currently owned by institutional investors.

In other Honeywell International news, CEO Darius Adamczyk sold 40,000 shares of Honeywell International stock in a transaction that occurred on Tuesday, May 10th. The shares were sold at an average price of $194.52, for a total value of $7,780,800.00. Following the completion of the sale, the chief executive officer now directly owns 165,015 shares of the company’s stock, valued at approximately $32,098,717.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.45% of the stock is currently owned by insiders.

A number of equities research analysts have recently issued reports on HON shares. Citigroup lifted their price target on shares of Honeywell International from $229.00 to $232.00 in a research report on Monday, May 2nd. StockNews.com started coverage on shares of Honeywell International in a research report on Thursday, March 31st. They set a “hold” rating for the company. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Honeywell International from $243.00 to $230.00 and set a “buy” rating for the company in a research report on Thursday, April 14th. Wells Fargo & Company lifted their price target on shares of Honeywell International from $196.00 to $203.00 in a research report on Monday, May 2nd. Finally, Morgan Stanley reduced their price target on shares of Honeywell International from $216.00 to $194.00 and set an “equal weight” rating for the company in a research report on Tuesday, May 31st. Seven equities 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.com, the company has a consensus rating of “Hold” and an average target price of $227.69.

Shares of Honeywell International stock opened at $177.73 on Thursday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.21 and a quick ratio of 0.94. Honeywell International Inc. has a 1 year low of $174.42 and a 1 year high of $236.86. The company has a market capitalization of $120.99 billion, a P/E ratio of 23.60, a P/E/G ratio of 2.16 and a beta of 1.05. The business has a 50 day moving average price of $191.34 and a 200 day moving average price of $193.98.

Honeywell International (NASDAQ:HONGet Rating) last released its 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. The firm had revenue of $8.38 billion during the quarter, compared to analysts’ expectations of $8.29 billion. Honeywell International had a net margin of 15.30% and a return on equity of 30.04%. Honeywell International’s revenue for the quarter was down .9% on a year-over-year basis. During the same period in the previous year, the company earned $1.92 EPS. As a group, research analysts expect that Honeywell International Inc. will post 8.68 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, June 3rd. Shareholders of record on Friday, May 13th were paid a $0.98 dividend. The ex-dividend date was Thursday, May 12th. This represents a $3.92 annualized dividend and a yield of 2.21%. Honeywell International’s payout ratio is currently 52.06%.

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.

Further Reading

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

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