Honeywell International Inc. (NASDAQ:HON) Shares Sold by Baxter Bros Inc.

Baxter Bros Inc. decreased its holdings in Honeywell International Inc. (NASDAQ:HON - Free Report) by 5.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,190 shares of the conglomerate's stock after selling 1,796 shares during the period. Baxter Bros Inc.'s holdings in Honeywell International were worth $6,604,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. LaFleur & Godfrey LLC boosted its stake in shares of Honeywell International by 40.7% during the fourth quarter. LaFleur & Godfrey LLC now owns 42,277 shares of the conglomerate's stock valued at $9,550,000 after purchasing an additional 12,227 shares in the last quarter. Brighton Jones LLC boosted its stake in shares of Honeywell International by 9.1% during the fourth quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate's stock valued at $4,302,000 after purchasing an additional 1,582 shares in the last quarter. Union Bancaire Privee UBP SA bought a new position in shares of Honeywell International during the fourth quarter valued at approximately $21,525,000. R Squared Ltd bought a new position in shares of Honeywell International during the fourth quarter valued at approximately $47,000. Finally, Chicago Partners Investment Group LLC boosted its stake in Honeywell International by 2.1% in the fourth quarter. Chicago Partners Investment Group LLC now owns 2,986 shares of the conglomerate's stock valued at $658,000 after acquiring an additional 60 shares in the last quarter. Institutional investors own 75.91% of the company's stock.

Honeywell International Stock Up 0.3%

Shares of NASDAQ:HON traded up $0.68 during trading hours on Wednesday, reaching $227.45. The stock had a trading volume of 1,832,043 shares, compared to its average volume of 3,819,408. Honeywell International Inc. has a 1 year low of $179.36 and a 1 year high of $242.77. The firm's 50 day moving average is $209.49 and its 200-day moving average is $216.15. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.01 and a current ratio of 1.31. The stock has a market capitalization of $146.18 billion, a price-to-earnings ratio of 26.11, a P/E/G ratio of 2.51 and a beta of 1.07.

Honeywell International (NASDAQ:HON - Get Free Report) last issued its earnings results on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.21 by $0.30. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. The business had revenue of $9.82 billion during the quarter, compared to analysts' expectations of $9.59 billion. During the same quarter in the prior year, the business posted $2.25 EPS. The company's revenue for the quarter was up 7.9% on a year-over-year basis. Research analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 16th will be issued a $1.13 dividend. This represents a $4.52 annualized dividend and a dividend yield of 1.99%. The ex-dividend date is Friday, May 16th. Honeywell International's payout ratio is 51.95%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Barclays lowered their target price on shares of Honeywell International from $247.00 to $243.00 and set an "overweight" rating for the company in a research note on Wednesday, April 30th. Deutsche Bank Aktiengesellschaft upgraded shares of Honeywell International from a "hold" rating to a "buy" rating and raised their target price for the company from $236.00 to $260.00 in a research note on Friday, February 7th. Royal Bank of Canada raised their target price on shares of Honeywell International from $211.00 to $226.00 and gave the company a "sector perform" rating in a research note on Wednesday, April 30th. Mizuho raised their target price on shares of Honeywell International from $235.00 to $250.00 and gave the company an "outperform" rating in a research note on Friday, May 16th. Finally, Wall Street Zen upgraded shares of Honeywell International from a "hold" rating to a "buy" rating in a research note on Thursday, May 15th. Eight equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Honeywell International currently has a consensus rating of "Moderate Buy" and a consensus target price of $248.14.

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.