Honeywell International Inc. (NASDAQ:HON) Shares Sold by Bessemer Group Inc.

Bessemer Group Inc. decreased its holdings in Honeywell International Inc. (NASDAQ:HON - Free Report) by 7.3% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 588,588 shares of the conglomerate's stock after selling 46,085 shares during the period. Bessemer Group Inc. owned about 0.09% of Honeywell International worth $124,633,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. lifted its position in shares of Honeywell International by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 61,761,711 shares of the conglomerate's stock valued at $13,951,353,000 after buying an additional 380,299 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Honeywell International by 4.4% during the fourth quarter. Geode Capital Management LLC now owns 14,988,152 shares of the conglomerate's stock worth $3,379,568,000 after purchasing an additional 627,422 shares in the last quarter. Capital World Investors acquired a new stake in shares of Honeywell International in the 4th quarter worth $1,594,216,000. Bank of New York Mellon Corp grew its stake in Honeywell International by 10.3% during the 4th quarter. Bank of New York Mellon Corp now owns 6,763,764 shares of the conglomerate's stock worth $1,527,867,000 after buying an additional 631,761 shares during the last quarter. Finally, Capital Research Global Investors raised its stake in Honeywell International by 5.5% in the fourth quarter. Capital Research Global Investors now owns 6,641,017 shares of the conglomerate's stock valued at $1,500,141,000 after buying an additional 346,190 shares during the last quarter. Institutional investors own 75.91% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on HON. Mizuho increased their price objective on shares of Honeywell International from $235.00 to $250.00 and gave the company an "outperform" rating in a research report on Friday, May 16th. Royal Bank Of Canada reissued a "sector perform" rating and set a $226.00 price objective on shares of Honeywell International in a report on Wednesday. Citigroup increased their price objective on Honeywell International from $242.00 to $265.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Wall Street Zen raised shares of Honeywell International from a "hold" rating to a "buy" rating in a report on Thursday, May 15th. Finally, Bank of America upgraded Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 target price on the stock in a research report on Wednesday, May 7th. Eight research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $249.21.

Honeywell International Trading Up 2.1%

Honeywell International stock traded up $4.59 during trading on Thursday, reaching $226.38. 2,629,205 shares of the company were exchanged, compared to its average volume of 3,814,547. Honeywell International Inc. has a 52-week low of $179.36 and a 52-week high of $242.77. The company has a market capitalization of $145.49 billion, a P/E ratio of 26.02, a PEG ratio of 2.59 and a beta of 1.08. The stock's 50 day simple moving average is $217.70 and its two-hundred day simple moving average is $215.79. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.25 and a quick ratio of 0.95.

Honeywell International (NASDAQ:HON - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.21 by $0.30. The firm had revenue of $9.82 billion during the quarter, compared to analysts' expectations of $9.59 billion. Honeywell International had a net margin of 14.51% and a return on equity of 36.19%. Honeywell International's revenue was up 7.9% compared to the same quarter last year. During the same period last year, the business earned $2.25 earnings per share. On average, equities research analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were paid a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a yield of 2.00%. The ex-dividend date was Friday, May 16th. Honeywell International's dividend payout ratio (DPR) is presently 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.