Honeywell International Inc. (NASDAQ:HON) Stock Position Decreased by Community Trust & Investment Co.

Community Trust & Investment Co. lowered its stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 83.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,428 shares of the conglomerate's stock after selling 85,900 shares during the period. Community Trust & Investment Co.'s holdings in Honeywell International were worth $3,690,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in HON. Capital World Investors bought a new stake in shares of Honeywell International in the 4th quarter worth approximately $1,594,216,000. Raymond James Financial Inc. bought a new stake in Honeywell International in the fourth quarter valued at $435,786,000. ING Groep NV lifted its stake in Honeywell International by 884.0% in the fourth quarter. ING Groep NV now owns 1,752,472 shares of the conglomerate's stock valued at $395,866,000 after buying an additional 1,574,376 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Honeywell International by 20,894.0% during the first quarter. GAMMA Investing LLC now owns 1,326,614 shares of the conglomerate's stock worth $2,809,110,000 after acquiring an additional 1,320,295 shares during the last quarter. Finally, Cibc World Markets Corp grew its position in shares of Honeywell International by 411.8% during the fourth quarter. Cibc World Markets Corp now owns 1,265,358 shares of the conglomerate's stock worth $285,832,000 after acquiring an additional 1,018,099 shares during the last quarter. Hedge funds and other institutional investors own 75.91% of the company's stock.

Honeywell International Trading Down 0.1%

Shares of HON stock traded down $0.20 during trading hours on Monday, reaching $224.09. 2,438,085 shares of the stock traded hands, compared to its average volume of 3,819,409. The company has a quick ratio of 1.01, a current ratio of 1.31 and a debt-to-equity ratio of 1.33. The firm has a market capitalization of $144.02 billion, a PE ratio of 25.73, a PEG ratio of 2.51 and a beta of 1.08. Honeywell International Inc. has a 1-year low of $179.36 and a 1-year high of $242.77. The business has a fifty day moving average price of $213.35 and a 200 day moving average price of $215.94.

Honeywell International (NASDAQ:HON - Get Free Report) last announced 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. The company had revenue of $9.82 billion for the quarter, compared to the consensus estimate of $9.59 billion. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. The company's revenue was up 7.9% on a year-over-year basis. During the same period in the previous year, the business earned $2.25 EPS. On average, equities research analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current 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 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date of this dividend was Friday, May 16th. Honeywell International's dividend payout ratio (DPR) is currently 51.95%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on HON. Barclays cut their price target on Honeywell International from $247.00 to $243.00 and set an "overweight" rating on the stock in a report on Wednesday, April 30th. Wall Street Zen raised Honeywell International from a "hold" rating to a "buy" rating in a research note on Thursday, May 15th. Mizuho increased their price target on Honeywell International from $235.00 to $250.00 and gave the stock an "outperform" rating in a research note on Friday, May 16th. Bank of America upgraded shares of Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price objective on the stock in a research note on Wednesday, May 7th. Finally, Wells Fargo & Company raised their target price on shares of Honeywell International from $205.00 to $225.00 and gave the company an "equal weight" rating in a research note on Wednesday, April 30th. Eight equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Honeywell International has an average rating of "Moderate Buy" and an average target price of $248.14.

About Honeywell International

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.