Corundum Group Inc. Sells 2,676 Shares of Honeywell International Inc. (NASDAQ:HON)

Corundum Group Inc. reduced its position in Honeywell International Inc. (NASDAQ:HON - Free Report) by 36.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,621 shares of the conglomerate's stock after selling 2,676 shares during the period. Corundum Group Inc.'s holdings in Honeywell International were worth $978,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Aurora Private Wealth Inc. raised its holdings in shares of Honeywell International by 378.6% in the 1st quarter. Aurora Private Wealth Inc. now owns 7,993 shares of the conglomerate's stock valued at $1,693,000 after purchasing an additional 6,323 shares in the last quarter. Independent Solutions Wealth Management LLC boosted its holdings in shares of Honeywell International by 4.4% in the 1st quarter. Independent Solutions Wealth Management LLC now owns 7,365 shares of the conglomerate's stock valued at $1,560,000 after acquiring an additional 311 shares during the last quarter. Saxony Capital Management LLC raised its stake in shares of Honeywell International by 10.4% during the 1st quarter. Saxony Capital Management LLC now owns 1,352 shares of the conglomerate's stock valued at $286,000 after buying an additional 127 shares during the last quarter. Berkshire Money Management Inc. purchased a new stake in Honeywell International in the 1st quarter worth approximately $224,000. Finally, Mattern Capital Management LLC grew its position in Honeywell International by 0.3% during the first quarter. Mattern Capital Management LLC now owns 40,695 shares of the conglomerate's stock valued at $8,617,000 after buying an additional 118 shares during the period. 75.91% of the stock is currently owned by institutional investors.

Honeywell International Price Performance

Shares of NASDAQ HON traded up $4.59 during trading on Thursday, reaching $226.38. The company had a trading volume of 2,629,205 shares, compared to its average volume of 3,814,547. The business's 50 day moving average price is $217.70 and its 200-day moving average price is $215.79. The stock has a market cap of $145.49 billion, a PE ratio of 26.02, a PEG ratio of 2.59 and a beta of 1.08. Honeywell International Inc. has a 52 week low of $179.36 and a 52 week high of $242.77. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.95 and a current ratio of 1.25.

Honeywell International (NASDAQ:HON - Get Free Report) last announced its quarterly 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 during the quarter, compared to analyst estimates of $9.59 billion. Honeywell International had a net margin of 14.51% and a return on equity of 36.19%. The firm's revenue was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.25 EPS. Analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 16th were paid a $1.13 dividend. The ex-dividend date was Friday, May 16th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.00%. Honeywell International's payout ratio is currently 51.95%.

Analyst Ratings Changes

HON has been the topic of a number of recent analyst reports. Mizuho increased their target price on Honeywell International from $235.00 to $250.00 and gave the company an "outperform" rating in a research report on Friday, May 16th. Citigroup upped their target price on shares of Honeywell International from $242.00 to $265.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Wells Fargo & Company lifted their price target on Honeywell International from $205.00 to $225.00 and gave the stock an "equal weight" rating in a report on Wednesday, April 30th. Barclays increased their price objective on Honeywell International from $243.00 to $258.00 and gave the company an "overweight" rating in a report on Wednesday, June 18th. Finally, Royal Bank Of Canada restated a "sector perform" rating and set a $226.00 target price on shares of Honeywell International in a research note on Wednesday. Eight 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 stock. Based on data from MarketBeat, Honeywell International has a consensus rating of "Moderate Buy" and a consensus target price of $249.21.

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.