Baker Ellis Asset Management LLC Sells 721 Shares of Honeywell International Inc. (NASDAQ:HON)

Baker Ellis Asset Management LLC decreased its holdings in Honeywell International Inc. (NASDAQ:HON) by 3.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,614 shares of the conglomerate’s stock after selling 721 shares during the quarter. Baker Ellis Asset Management LLC’s holdings in Honeywell International were worth $4,026,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Morton Capital Management LLC CA boosted its position in Honeywell International by 0.9% during the third quarter. Morton Capital Management LLC CA now owns 5,828 shares of the conglomerate’s stock valued at $1,077,000 after acquiring an additional 50 shares during the last quarter. Wayfinding Financial LLC boosted its position in Honeywell International by 3.4% during the fourth quarter. Wayfinding Financial LLC now owns 1,515 shares of the conglomerate’s stock valued at $317,000 after acquiring an additional 50 shares during the last quarter. Indiana Trust & Investment Management CO boosted its position in shares of Honeywell International by 0.9% during the 4th quarter. Indiana Trust & Investment Management CO now owns 5,563 shares of the conglomerate’s stock worth $1,167,000 after purchasing an additional 50 shares in the last quarter. River Street Advisors LLC raised its holdings in shares of Honeywell International by 2.0% in the 4th quarter. River Street Advisors LLC now owns 2,599 shares of the conglomerate’s stock worth $545,000 after acquiring an additional 50 shares during the last quarter. Finally, Triton Wealth Management PLLC raised its holdings in shares of Honeywell International by 4.7% in the 4th quarter. Triton Wealth Management PLLC now owns 1,132 shares of the conglomerate’s stock worth $233,000 after acquiring an additional 51 shares during the last quarter. Institutional investors own 75.91% of the company’s stock.

Honeywell International Stock Performance

Shares of Honeywell International stock traded down $0.84 on Friday, reaching $213.54. 4,804,816 shares of the company traded hands, compared to its average volume of 2,832,742. Honeywell International Inc. has a 52 week low of $174.88 and a 52 week high of $218.36. The company has a 50 day moving average of $203.84 and a 200 day moving average of $201.43. The firm has a market capitalization of $139.05 billion, a PE ratio of 24.74, a PEG ratio of 2.23 and a beta of 1.03. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.66 and a quick ratio of 1.28.

Honeywell International (NASDAQ:HON) last released its earnings results on Thursday, April 25th. The conglomerate reported $2.25 earnings per share for the quarter, beating analysts’ consensus estimates of $2.17 by $0.08. Honeywell International had a net margin of 15.52% and a return on equity of 35.88%. The firm had revenue of $9.11 billion during the quarter, compared to the consensus estimate of $9.03 billion. During the same period in the prior year, the firm earned $2.07 EPS. The company’s revenue was up 2.7% compared to the same quarter last year. Equities analysts forecast that Honeywell International Inc. will post 10.19 earnings per share for the current year.

Honeywell International Dividend Announcement

The business also recently announced 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. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date was Thursday, May 16th. Honeywell International’s dividend payout ratio is currently 50.06%.

Insider Activity

In related news, Director Darius Adamczyk sold 28,500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $203.96, for a total value of $5,812,860.00. Following the completion of the transaction, the director now directly owns 203,510 shares of the company’s stock, valued at approximately $41,507,899.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, Director Darius Adamczyk sold 28,500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $203.96, for a total value of $5,812,860.00. Following the completion of the transaction, the director now directly owns 203,510 shares of the company’s stock, valued at approximately $41,507,899.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Gregory P. Lewis sold 25,209 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $193.06, for a total transaction of $4,866,849.54. Following the completion of the transaction, the chief financial officer now directly owns 55,471 shares of the company’s stock, valued at $10,709,231.26. The disclosure for this sale can be found here. Insiders own 0.41% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Daiwa America upgraded shares of Honeywell International to a “moderate buy” rating in a report on Wednesday, June 5th. Royal Bank of Canada lowered their target price on shares of Honeywell International from $222.00 to $218.00 and set a “sector perform” rating on the stock in a report on Tuesday, June 4th. StockNews.com upgraded shares of Honeywell International from a “hold” rating to a “buy” rating in a report on Wednesday, May 15th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $215.00 price objective (down previously from $227.00) on shares of Honeywell International in a research note on Tuesday, April 16th. Finally, Barclays increased their price objective on shares of Honeywell International from $230.00 to $232.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $224.75.

Honeywell International Company 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.