Soltis Investment Advisors LLC Decreases Stake in Honeywell International Inc. (NASDAQ:HON)

Soltis Investment Advisors LLC lessened its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 77.6% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,349 shares of the conglomerate’s stock after selling 15,046 shares during the quarter. Soltis Investment Advisors LLC’s holdings in Honeywell International were worth $893,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD lifted its stake in Honeywell International by 22.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 9,587,718 shares of the conglomerate’s stock worth $1,967,880,000 after acquiring an additional 1,746,759 shares during the period. Northern Trust Corp boosted its position in Honeywell International by 0.3% during the 4th quarter. Northern Trust Corp now owns 6,451,134 shares of the conglomerate’s stock valued at $1,352,867,000 after acquiring an additional 17,591 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Honeywell International by 1.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,621,544 shares of the conglomerate’s stock worth $759,474,000 after acquiring an additional 66,213 shares during the period. Capital Research Global Investors raised its position in shares of Honeywell International by 6.7% in the 1st quarter. Capital Research Global Investors now owns 3,402,252 shares of the conglomerate’s stock worth $698,312,000 after acquiring an additional 212,327 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its position in shares of Honeywell International by 8.1% during the first quarter. Janus Henderson Group PLC now owns 2,698,596 shares of the conglomerate’s stock valued at $553,880,000 after purchasing an additional 202,358 shares in the last quarter. Institutional investors own 75.91% of the company’s stock.

Analyst Upgrades and Downgrades

HON has been the subject of several recent research reports. Wells Fargo & Company lowered their price objective on Honeywell International from $220.00 to $215.00 and set an “equal weight” rating for the company in a research report on Friday, July 26th. Daiwa America raised shares of Honeywell International to a “moderate buy” rating in a research note on Wednesday, June 5th. StockNews.com downgraded shares of Honeywell International from a “buy” rating to a “hold” rating in a research note on Saturday. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $215.00 price target (down from $227.00) on shares of Honeywell International in a research report on Tuesday, April 16th. Finally, Citigroup lifted their price objective on Honeywell International from $243.00 to $244.00 and gave the company a “buy” rating in a research note on Tuesday, June 4th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $225.00.

Honeywell International Stock Performance

NASDAQ HON traded down $0.89 during trading hours on Friday, hitting $203.69. The company’s stock had a trading volume of 3,377,778 shares, compared to its average volume of 2,908,121. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.21 and a quick ratio of 0.91. The company has a market cap of $132.33 billion, a P/E ratio of 23.60, a price-to-earnings-growth ratio of 2.32 and a beta of 1.04. The company’s 50 day simple moving average is $210.09 and its two-hundred day simple moving average is $202.59. Honeywell International Inc. has a 12 month low of $174.88 and a 12 month high of $220.79.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings data on Thursday, July 25th. The conglomerate reported $2.49 earnings per share for the quarter, beating analysts’ consensus estimates of $2.42 by $0.07. Honeywell International had a net margin of 15.49% and a return on equity of 36.87%. The company had revenue of $9.58 billion for the quarter, compared to the consensus estimate of $9.41 billion. During the same quarter in the prior year, the firm earned $2.23 earnings per share. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. As a group, sell-side analysts expect that Honeywell International Inc. will post 10.14 EPS for the current fiscal year.

Honeywell International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Friday, August 16th will be issued a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date is Friday, August 16th. Honeywell International’s dividend payout ratio is 50.06%.

Insiders Place Their Bets

In other Honeywell International news, Director Darius Adamczyk sold 28,500 shares of the company’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 transaction of $5,812,860.00. Following the completion of the sale, the director now directly owns 203,510 shares of the company’s stock, valued at $41,507,899.60. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.41% of the company’s stock.

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.