Centerpoint Advisors LLC Lowers Stake in Honeywell International Inc. (NASDAQ:HON)

Centerpoint Advisors LLC decreased its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 7.1% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 819 shares of the conglomerate’s stock after selling 63 shares during the period. Centerpoint Advisors LLC’s holdings in Honeywell International were worth $168,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in HON. Price T Rowe Associates Inc. MD lifted its stake in shares of Honeywell International by 32.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,840,959 shares of the conglomerate’s stock worth $1,644,328,000 after buying an additional 1,899,373 shares in the last quarter. International Assets Investment Management LLC boosted its stake in Honeywell International by 6,557.2% during the 4th quarter. International Assets Investment Management LLC now owns 940,661 shares of the conglomerate’s stock valued at $197,266,000 after purchasing an additional 926,531 shares during the last quarter. Capital Research Global Investors raised its stake in shares of Honeywell International by 20.4% in the fourth quarter. Capital Research Global Investors now owns 3,189,925 shares of the conglomerate’s stock worth $668,959,000 after purchasing an additional 539,644 shares during the last quarter. California Public Employees Retirement System lifted its holdings in shares of Honeywell International by 27.5% during the fourth quarter. California Public Employees Retirement System now owns 1,739,695 shares of the conglomerate’s stock valued at $364,831,000 after purchasing an additional 375,158 shares in the last quarter. Finally, First Financial Bankshares Inc purchased a new stake in shares of Honeywell International during the fourth quarter valued at $72,580,000. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Honeywell International Stock Performance

NASDAQ HON traded down $0.61 on Monday, hitting $211.63. 1,837,774 shares of the company traded hands, compared to its average volume of 2,896,337. The company has a current ratio of 1.66, a quick ratio of 1.28 and a debt-to-equity ratio of 1.30. The business’s 50 day moving average price is $205.61 and its 200-day moving average price is $201.72. The company has a market capitalization of $137.81 billion, a price-to-earnings ratio of 24.60, a P/E/G ratio of 2.21 and a beta of 1.04. Honeywell International Inc. has a 52-week low of $174.88 and a 52-week high of $218.36.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings data on Thursday, April 25th. The conglomerate reported $2.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.17 by $0.08. Honeywell International had a return on equity of 35.88% and a net margin of 15.52%. The company had revenue of $9.11 billion during the quarter, compared to the consensus estimate of $9.03 billion. During the same period in the previous year, the company posted $2.07 EPS. The firm’s revenue was up 2.7% on a year-over-year basis. Equities analysts expect that Honeywell International Inc. will post 10.2 earnings per share for the current year.

Honeywell International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Friday, May 17th were given a dividend of $1.08 per share. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $4.32 annualized dividend and a dividend yield of 2.04%. Honeywell International’s payout ratio is 50.06%.

Insider Activity at Honeywell International

In related news, Director Darius Adamczyk sold 28,500 shares of the stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $203.96, for a total transaction of $5,812,860.00. Following the completion of the sale, the director now owns 203,510 shares in the company, valued at $41,507,899.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO Gregory P. Lewis sold 25,209 shares of the stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $193.06, for a total value of $4,866,849.54. Following the transaction, the chief financial officer now directly owns 55,471 shares of the company’s stock, valued at $10,709,231.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Darius Adamczyk sold 28,500 shares of Honeywell International stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $203.96, for a total value of $5,812,860.00. Following the sale, the director now directly owns 203,510 shares of the company’s stock, valued at approximately $41,507,899.60. The disclosure for this sale can be found here. 0.41% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

HON has been the topic of several research analyst reports. Citigroup upped their target price on shares of Honeywell International from $243.00 to $244.00 and gave the company a “buy” rating in a research note on Tuesday, June 4th. Daiwa America upgraded shares of Honeywell International to a “moderate buy” rating in a report on Wednesday, June 5th. UBS Group upgraded shares of Honeywell International from a “sell” rating to a “neutral” rating and boosted their target price for the company from $175.00 to $215.00 in a research note on Monday, June 10th. StockNews.com upgraded Honeywell International from a “hold” rating to a “buy” rating in a research note on Wednesday, May 15th. Finally, Royal Bank of Canada reduced their price objective on Honeywell International from $222.00 to $218.00 and set a “sector perform” rating for the company in a research report on Tuesday, June 4th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $224.75.

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.