Douglas Lane & Associates LLC Sells 15,061 Shares of Honeywell International Inc. (NASDAQ:HON)

Douglas Lane & Associates LLC lowered its stake in Honeywell International Inc. (NASDAQ:HON - Free Report) by 14.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 88,639 shares of the conglomerate's stock after selling 15,061 shares during the quarter. Douglas Lane & Associates LLC's holdings in Honeywell International were worth $18,769,000 as of its most recent filing with the Securities and Exchange Commission.

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

Wall Street Analyst Weigh In

Several brokerages recently issued reports on HON. Bank of America raised Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price objective for the company in a research note on Wednesday, May 7th. Barclays reduced their price target on shares of Honeywell International from $247.00 to $243.00 and set an "overweight" rating for the company in a research report on Wednesday, April 30th. Morgan Stanley boosted their price objective on shares of Honeywell International from $210.00 to $217.00 and gave the company an "equal weight" rating in a research report on Tuesday, February 11th. Royal Bank of Canada increased their target price on shares of Honeywell International from $211.00 to $226.00 and gave the stock a "sector perform" rating in a research report on Wednesday, April 30th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Honeywell International from a "hold" rating to a "buy" rating and lifted their target price for the company from $236.00 to $260.00 in a research note on Friday, February 7th. Eight 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 company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $248.14.

Honeywell International Stock Down 0.2%

Honeywell International stock traded down $0.47 during mid-day trading on Thursday, hitting $226.98. 869,224 shares of the company's stock were exchanged, compared to its average volume of 4,386,335. Honeywell International Inc. has a 1-year low of $179.36 and a 1-year high of $242.77. The stock has a 50 day moving average of $209.84 and a two-hundred day moving average of $216.23. The stock has a market cap of $145.88 billion, a P/E ratio of 26.06, a P/E/G ratio of 2.51 and a beta of 1.07. The company has a current ratio of 1.31, a quick ratio of 1.01 and a debt-to-equity ratio of 1.33.

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

Honeywell International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 16th will be issued a dividend of $1.13 per share. 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 dividend payout ratio is currently 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.