Castle Rock Wealth Management LLC Sells 701 Shares of Honeywell International Inc. (NASDAQ:HON)

Castle Rock Wealth Management LLC lessened its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 8.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,776 shares of the conglomerate’s stock after selling 701 shares during the quarter. Castle Rock Wealth Management LLC’s holdings in Honeywell International were worth $1,650,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Sterneck Capital Management LLC lifted its position in Honeywell International by 127.7% in the 1st quarter. Sterneck Capital Management LLC now owns 2,395 shares of the conglomerate’s stock valued at $507,000 after acquiring an additional 1,343 shares in the last quarter. Fifth Third Wealth Advisors LLC lifted its position in Honeywell International by 33.8% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 19,515 shares of the conglomerate’s stock valued at $4,132,000 after acquiring an additional 4,928 shares in the last quarter. Cerro Pacific Wealth Advisors LLC lifted its position in Honeywell International by 0.6% in the 1st quarter. Cerro Pacific Wealth Advisors LLC now owns 11,759 shares of the conglomerate’s stock valued at $2,656,000 after acquiring an additional 68 shares in the last quarter. Investors Research Corp lifted its position in Honeywell International by 21.3% in the 1st quarter. Investors Research Corp now owns 416 shares of the conglomerate’s stock valued at $88,000 after acquiring an additional 73 shares in the last quarter. Finally, New Hampshire Trust lifted its position in Honeywell International by 2.5% in the 1st quarter. New Hampshire Trust now owns 15,464 shares of the conglomerate’s stock valued at $3,275,000 after acquiring an additional 378 shares in the last quarter. Institutional investors own 75.91% of the company’s stock.

Honeywell International Price Performance

Honeywell International stock opened at $224.85 on Friday. Honeywell International Inc. has a 12 month low of $179.36 and a 12 month high of $242.77. The company has a current ratio of 1.31, a quick ratio of 1.01 and a debt-to-equity ratio of 1.33. The business’s 50 day simple moving average is $208.99 and its 200 day simple moving average is $216.20. The company has a market cap of $144.51 billion, a price-to-earnings ratio of 25.82, a PEG ratio of 2.51 and a beta of 1.07.

Honeywell International (NASDAQ:HON) last posted 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. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. The business had revenue of $9.82 billion for the quarter, compared to the consensus estimate of $9.59 billion. During the same quarter in the prior year, the business earned $2.25 earnings per share. Honeywell International’s revenue for the quarter was up 7.9% on a year-over-year basis. Sell-side analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 16th will be paid a $1.13 dividend. The ex-dividend date is Friday, May 16th. This represents a $4.52 annualized dividend and a yield of 2.01%. Honeywell International’s payout ratio is 51.95%.

Wall Street Analysts Forecast Growth

HON has been the topic of several recent research reports. Barclays dropped their price target on shares of Honeywell International from $247.00 to $243.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 30th. Wall Street Zen raised shares of Honeywell International from a “hold” rating to a “buy” rating in a research report on Thursday, May 15th. Morgan Stanley lifted their target price on shares of Honeywell International from $210.00 to $217.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 11th. JPMorgan Chase & Co. boosted their target price on Honeywell International from $182.00 to $217.00 and gave the stock a “neutral” rating in a research note on Friday, May 16th. Finally, Royal Bank of Canada boosted their target price on Honeywell International from $211.00 to $226.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 30th. Eight equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $245.57.

About Honeywell International

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.