Golden State Equity Partners Reduces Holdings in Honeywell International Inc. (NASDAQ:HON)

Golden State Equity Partners trimmed its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 33.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,473 shares of the conglomerate’s stock after selling 2,288 shares during the period. Golden State Equity Partners’ holdings in Honeywell International were worth $947,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. World Investment Advisors grew its stake in Honeywell International by 137.7% in the 4th quarter. World Investment Advisors now owns 22,387 shares of the conglomerate’s stock worth $5,057,000 after acquiring an additional 12,969 shares during the period. Coordinated Financial Services Inc. purchased a new stake in Honeywell International in the 4th quarter worth approximately $361,000. Schroder Investment Management Group grew its stake in Honeywell International by 12.7% in the 4th quarter. Schroder Investment Management Group now owns 89,297 shares of the conglomerate’s stock worth $20,235,000 after acquiring an additional 10,092 shares during the period. Raymond James Financial Inc. purchased a new stake in Honeywell International in the 4th quarter worth approximately $435,786,000. Finally, Dynasty Wealth Management LLC grew its stake in Honeywell International by 52.1% in the 4th quarter. Dynasty Wealth Management LLC now owns 11,330 shares of the conglomerate’s stock worth $2,559,000 after acquiring an additional 3,879 shares during the period. 75.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Wall Street Zen raised shares of Honeywell International from a “hold” rating to a “buy” rating in a research note on Thursday, May 15th. Mizuho lifted their price target on shares of Honeywell International from $235.00 to $250.00 and gave the company an “outperform” rating in a report on Friday, May 16th. Bank of America upgraded shares of Honeywell International from a “neutral” rating to a “buy” rating and set a $250.00 price target on the stock in a report on Wednesday, May 7th. Barclays lifted their price target on shares of Honeywell International from $243.00 to $258.00 and gave the company an “overweight” rating in a report on Wednesday, June 18th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and issued a $226.00 price target on shares of Honeywell International in a report on Wednesday. Eight analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $249.21.

Honeywell International Stock Performance

Shares of NASDAQ:HON opened at $221.79 on Thursday. The company has a market cap of $142.54 billion, a P/E ratio of 25.49, a PEG ratio of 2.62 and a beta of 1.08. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.95 and a current ratio of 1.25. Honeywell International Inc. has a one year low of $179.36 and a one year high of $242.77. The business’s 50-day simple moving average is $217.70 and its 200 day simple moving average is $215.79.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings data on Tuesday, April 29th. The conglomerate reported $2.51 EPS for the quarter, topping analysts’ consensus estimates of $2.21 by $0.30. Honeywell International had a net margin of 14.51% and a return on equity of 36.19%. The firm had revenue of $9.82 billion for the quarter, compared to analyst estimates of $9.59 billion. During the same quarter in the previous year, the business posted $2.25 EPS. The firm’s revenue was up 7.9% compared to the same quarter last year. On average, sell-side analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were issued a $1.13 dividend. The ex-dividend date was Friday, May 16th. This represents a $4.52 dividend on an annualized basis and a yield of 2.04%. Honeywell International’s dividend payout ratio is currently 51.95%.

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.