Community Financial Services Group LLC Decreases Position in Honeywell International Inc. (NASDAQ:HON)

Community Financial Services Group LLC cut its position in Honeywell International Inc. (NASDAQ:HON - Free Report) by 94.0% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 1,821 shares of the conglomerate's stock after selling 28,508 shares during the period. Community Financial Services Group LLC's holdings in Honeywell International were worth $386,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Mainstream Capital Management LLC bought a new stake in shares of Honeywell International in the fourth quarter worth approximately $25,000. Avalon Trust Co grew its stake in shares of Honeywell International by 166.7% in the fourth quarter. Avalon Trust Co now owns 120 shares of the conglomerate's stock worth $27,000 after acquiring an additional 75 shares during the period. Mpwm Advisory Solutions LLC bought a new stake in shares of Honeywell International in the fourth quarter worth approximately $29,000. Accredited Wealth Management LLC bought a new stake in shares of Honeywell International in the fourth quarter worth approximately $34,000. Finally, Curio Wealth LLC bought a new stake in shares of Honeywell International in the fourth quarter worth approximately $35,000. 75.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on HON. Mizuho lifted their price target on shares of Honeywell International from $235.00 to $250.00 and gave the stock an "outperform" rating in a research note on Friday, May 16th. Royal Bank Of Canada boosted 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 report on Wednesday, April 30th. Bank of America upgraded shares of Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 target price for the company in a research report on Wednesday, May 7th. Wall Street Zen upgraded shares of Honeywell International from a "hold" rating to a "buy" rating in a research report on Thursday, May 15th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Honeywell International from $182.00 to $217.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. Eight equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Honeywell International currently has a consensus rating of "Moderate Buy" and an average target price of $249.21.

Honeywell International Price Performance

HON stock opened at $224.74 on Tuesday. Honeywell International Inc. has a one year low of $179.36 and a one year high of $242.77. The company's fifty day moving average price is $216.61 and its 200-day moving average price is $215.69. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.95 and a current ratio of 1.25. The company has a market capitalization of $144.44 billion, a PE ratio of 25.83, a price-to-earnings-growth ratio of 2.59 and a beta of 1.08.

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

Honeywell International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 16th were paid a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date of this dividend was Friday, May 16th. Honeywell International's payout ratio is 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.

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